Former shareholders of a family-owned holding company owe the IRS nearly $81 million for participating in what is known as a Son-of-Boss arrangement, which generated fake capital losses in the 2022 sale of company stock, the U.S. Department of Justice told a New York federal court.
Family Owes $81M Taxes On ‘Son-Of-Boss’ Scheme, DOJ Says
by usoftax_admin | Sep 20, 2024 | Tax News