Recent Articles
Irresponsible Advisor Pleads Guilty in Multimillion-Dollar Offshore Tax Scheme
Tax Advisor Admits Role in Concealing $70 Million in Offshore Income for Celebrity Clients A Dutch tax advisor has pled guilty to assisting in a fraudulent tax scheme that concealed over $70 million in income for a roster of high-profile...
Fraudulent Tax Scheme Uncovered: Attorneys and Broker Convicted
Federal Jury in Charlotte, NC Finds Tax Professionals Guilty of Conspiring to Defraud the IRS A federal jury in Charlotte, North Carolina, recently convicted two tax attorneys and an insurance agent of conspiring to defraud the United States. Their scheme...
Tax Court Denies Conservation Easement Deduction: Perpetuity Requirement Violated
Cottonwood Place, LLC case highlights strict adherence to IRS perpetuity regulations for conservation easements. In a pivotal case, the Tax Court has denied Cottonwood Place, LLC’s charitable deduction for a conservation easement donation. The court found that the conservation purpose...
Tax Court Rules Extinguishment Regulation Invalid
In a landmark case, the Tax Court finds IRS conservation easement rules violated the Administrative Procedure Act. The Tax Court has dealt a significant blow to the IRS’s enforcement of conservation easement regulations. In a March 28 ruling, the court...
Save for Retirement and Earn Tax Credits: IRS Saver’s Credit Explained
A Guide to Saving for Retirement While Reducing Taxes for Low- and Moderate-Income Taxpayers Saving for retirement offers more than just future security. Low- and moderate-income taxpayers can now enjoy immediate benefits through the IRS Saver’s Credit. This tax credit...
Court Halts Corporate Transparency Act Enforcement Nationwide
With a major compliance deadline approaching, the ruling raises questions about the law’s future and federal authority. The Corporate Transparency Act (CTA), a landmark law aimed at combating financial crimes, has hit a major roadblock. On December 3, 2024, a...