Recent Articles
Georgia Precious Metals Dealer Sentenced for Tax Fraud
Irresponsible taxpayer Concealed $2.8 Million in Income and Evaded IRS Detection A Georgia-based precious metals dealer has been sentenced to four years in prison for tax fraud, marking the culmination of a lengthy investigation into his financial misconduct. This case...
Alaska Businesswoman Pleads Guilty to Tax Evasion Scheme
Irresponsible Taxpayer Admitted to Falsifying Records, Evading Over $550,000 in Taxes An Alaska businesswoman has pleaded guilty to evading taxes on income earned through her business operations. The scheme, which spanned several years, involved falsified financial records and understated income,...
Former Defense Contractor and Wife Indicted for Evading U.S. Taxes on $350 Million
Decades-long scheme involved hidden income, false documents, and undisclosed foreign accounts. A former defense contractor and his wife have been indicted for a massive tax evasion scheme involving over $350 million in unreported income. The contractor, whose business supplied jet...
Coca-Cola Faces $2.7 Billion Tax Deficiency in Landmark IRS Case
Tax Court rules against Coca-Cola after years of litigation over transfer-pricing adjustments. The U.S. Tax Court has ruled that The Coca-Cola Company (TCCC) owes $2.7 billion in tax deficiencies for 2007, 2008, and 2009. This decision follows over eight years...
Tax Court Partially Sides with IRS in Dividend Received Deduction Case
Varian Medical Systems wins a deduction for dividends but loses on foreign tax credits. In a pivotal decision, the U.S. Tax Court delivered a mixed ruling for Varian Medical Systems, granting the company a partial win in a dispute over...
Court Rejects Tax Deductions for Car Racing: Lessons for Business Owners
Understanding the Limits of Advertising Deductions for Unconventional Activities The Tenth Circuit Court of Appeals recently ruled against a personal injury lawyer, referred to here as the “Irresponsible Taxpayer,” who claimed substantial car-racing expenses as business deductions. This case highlights...