According to DoJ, Wagdy A. Guirguis, owner of several engineering businesses, was sentenced June 28, 2019 to 5 (five) years in prison in Honolulu. On Nov. 20, 2018, a jury convicted Guirguis of: Conspiracy to defraud the United States along with co-conspirator Michael Higa, Three counts of filing false corporate income tax returns, One…
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About: Ronald Marini
Recent Posts by Ronald Marini
U.S. Citizen Resident in US Possession Was A Nonresident/Noncitizen For Estate, Gift, GST Purposes
A taxpayer who was born outside the U.S. and its possessions, whose parents were not U.S. citizens at the time of his birth, and who became a U.S. citizen after residing in a U.S. possession was a "nonresident not a citizen of the U.S." for estate, gift, and generation skipping transfer tax (GST) purposes. PLR…
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Minority Shareholder & President Libel For Trust Fund Recovery Penalty Minority Shareholder & President Liable for Trust Fund Recovery Penalty
A district court has found that the IRS properly determined that a corporation’s minority shareholder and president was liable for the trust fund recovery penalty under Code Sec. 6672. As president, the individual approved, signed, and submitted a variety of tax forms and documents to Federal and state authorities on behalf of the corporation. Therefore, he was…
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The House Sues Treasury For Trump’s Tax Returns
According to Law360, The House’s tax committee sued the U.S. Department of the Treasury in federal court for President Donald Trump’s tax return information on Tuesday, setting in motion a legal battle that will likely end at the U.S. Supreme Court. Ways and Means Chairman Rep. Richard Neal, D-Mass., made the request for Trump's tax…
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