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Canadian Court Allows Extradition Of Tax Shelter Promoter
A Canadian court has granted the U.S. government’s request to extradite a tax attorney who is facing charges back home accusing him of helping former partners of Ernst & Young LLP develop and market fraudulent tax shelters, while dodging more than $8 million in taxes himself. In 2007, David L. Smith, a tax lawyer and…
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2017 Top Federal Tax Cases: Year-In-Review
According to Law360, this year resulted in some major setbacks in court for the Internal Revenue Service and the U.S. Department of the Treasury, including rulings that set aside anti-inversion regulations for violating the administrative law and siding with a Greek company over the taxation of foreign partners. Major Federal Tax Decisions of 2017: 1.…
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US 2018 Tax Reform -What You Need To Know?
The House passed the final version of the Republican tax bill on Wednesday December 20, 2017, capping off a furious seven-week push to bring about the most sweeping changes to the US tax code in decades. However, President Donald Trump still needs to sign the bill, and he might not do so until the new…
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