We previously posted on January 18, 2018, TV Star Michael "The Situation" Sorrentino Pled Guilty in $8.9 Million Tax Case, where we discussed that “Jersey Shore” star Michael “The Situation” Sorrentino and his brother Marc Sorrentino have agreed to plead guilty in their criminal case over tax-related charges instead of going to trial, according to a government…
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Mental Health Service Provider Plead Guilty (Not Insanity) for Failure to Pay Employment Taxes
A Raleigh, North Carolina, man pleaded guilty today to one count of willful failure to pay over employment taxes to the Internal Revenue Service (IRS). According to court documents, from 2010 to 2013, Sainte Deon Robinson failed to pay over federal income, Social Security, and Medicare taxes withheld from the wages paid to employees…
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N.Y. Precious Metals Brokerage Operator Found Guilty of Tax Evasion
According to the DoJ, a federal jury sitting in Brooklyn, New York, convicted a former Brooklyn resident today of tax evasion and aiding and assisting in the preparation of false tax returns. According to court documents and evidence presented at trial, in 2010 and 2011, Christopher Wolf operated Rothchild & Associates LLC, in Brooklyn, New…
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IRS Releases Notice 2018-78 Providing Additional Guidance on Code Sec. 965 Transition Tax
The notice of proposed rulemaking providing rules under section 965 published in the Federal Register on August 9, 2018, provided, among other things, for a basis election to be made by United States shareholders in certain circumstances. The guidance impacts proposed regulations issued in August 2018. Under the guidance: U.S. shareholders are allowed an extended time…
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