The IRS Criminal Investigation Division, together with the US Attorney's Office and our law enforcement partners, will continue to aggressively pursue violators of the public trust. Regardless of political office or position, no one is above the law. ...more »
A federal judge recently found Erie County Councilman Ebert Beeman guilty of contempt of court because he broke into his property after it had been seized by the Internal Revenue Service to settle a $2.1 million tax ...more »
Without a break, any cash brought back to the United States would be taxed at the federal income-tax rate of 35 percent, with a credit for foreign income taxes already paid. Medtronic, based in Fridley, paid income taxes in fiscal 2011 at a rate of ...more »
The judge says Beeman must abide by the law upon his release and keep the court apprised of his correct address. She also notes that Beeman is not allowed to drive. Beeman's ultra-libertarian views have also prompted the IRS to seek $2.1 million in ...more »
This position is erroneously based on a provision of the tax code (Section 6020) that allows the IRS to determine the tax liability of a taxpayer and to prepare a tax return for persons who do not file or who file a false return. ...more »
Foundation board President Rick Thomas said this week the foundation has state approval for its nonprofit status, and he expects to have an answer from the IRS soon. "We anticipate receipt of its approval any day," Thomas said, adding the foundation ...more »
By KAREN BLUMENTHAL With stock markets volatile, tax rates uncertain and estate laws facing review next year, these are challenging times even for the best professional advisers. Are yours making the grade? The turning of the calendar is a good time to ...more »
... release and keep the court apprised of his correct address. Beeman's ultra-libertarian views have also prompted the IRS to seek $2.1 million in back taxes, penalties and interest from him. His lawyer says the IRS has wrongly inflated the amount owed.more »
How does the IRS get on to you, you might wonder? Increasingly, one important technique is the John Doe Summons. It blew the lid off the hushed world of Swiss banking in 2008 when a judge allowed the IRS to issue a John Doe summons to UBS for ...more »
And, with audits for small businesses on the increase, here are a few tips to keep you out of the IRS office - or at least make the visit as painless as possible. by Kristina Knight According to a Syracuse University study audits of small businesses ...more »
If you claim employer credits for an employee and then try to shirk your payroll tax obligation because you classify them as a contractor, that sends big red flag to the IRS, Rocket Lawyer warns. Rocket Lawyer Says: "To prevent this situation, ...more »
Beeman's ultra-libertarian views have also prompted the IRS to seek $2.1 million in back taxes, penalties and interest from Beeman. Andrezeski says the IRS has wrongly inflated the amount owed. Posted in State, State on Thursday, December 29, ...more »
Panelists will be Larry Halper, former special agent for the IRS Criminal Investigations Unit; Dennis Arnoldy, a private investigator formerly with the FBI when he was the case agent on the Tony Spilotro investigation in Las Vegas; and attorney Jeffrey ...more »
NEW TACTIC IN SHOWDOWN The subpoenas, at least a dozen of which have been issued over the past year or so, are the latest twist in a showdown between Switzerland and the United States over the battered tradition of Swiss bank secrecy. Swiss law, dating ...more »
The NRA told the IRS it gave $20347 to Morganton, North Carolina, city officials to support youth programs. The city says it received $8412, a difference of $11935. Oklahoma State University, which supports a number of youth shooting programs across ...more »
George Steinbrenner and the IRS settled the issues raised in the audit in an agreement accepted on March 1, 2007, according to the complaint. That agreement resulted in adjustments to the tax returns of the beneficiaries of a family trust, ...more »
"This is a very hot issue right now," said Nathan Hochman, former assistant attorney general for the Tax Division of the Justice Department who is now in private practice at the law firm Bingham McCutchen. Hochman said that defense lawyers representing ...more »
