According to DoJ, a Texas couple was convicted on May 23, 2019 of conspiracy and tax charges. Michael Herman and his wife, Cynthia Herman were convicted of conspiracy to defraud the United States by impeding the Internal Revenue Service (IRS) and of filing false individual income tax returns for tax years 2010 and 2011. The…
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Court Denies Dolphins Owner $33M Deduction For Land Gift To University of Michigan
According to Law360, a D.C. Circuit Court said real estate developer Stephen M. Ross and his partners could not deduct $33 million for land donated to the University of Michigan in 2003 and sustained a 40% penalty. In a unanimous decision, the three-judge panel said the U.S. Tax Court was right in finding that Ross' partnership…
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Available IRS Payment Plans – Part II
On May 14, 2019 we posted Available IRS Payment Plans - Part I, where we discussed that for the 2019 filing season, the IRS projects that more taxpayers than ever will file and owe and that many will be able to pay, but a lot of them will need to make other arrangements because they can’t pay…
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Another IRS Summons on Behalf of a Foreign Government
On March 13, 2018 we posted District Court upholds Another IRS Summons Issued Pursuant to a Tax Treaty Request where we discussed that a district court has upheld a summons that IRS issued to an American law firm, pursuant to a request from the French tax authorities, with respect to transfers of funds made by an alleged…
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