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TAX LAW NEWS - TAX LITIGATION
From the category archives:
WASHINGTON — With a war chest rivaling that of the Republican Party itself, the U.S. Chamber of Commerce has emerged in the last year as perhaps the Obama administration’s most-well-financed rival on signature policy debates like health care and financial regulation.
Critics on the left have long complained about the chamber’s outsize influence. But now they [...]
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The head of an Orthodox Jewish group was handed a two-year prison sentence today in Los Angeles for his part in what prosecutors said was a decade-long tax fraud and money laundering scheme.
The 61-year-old rabbi, Naftali Tzi Weisz, pleaded guilty last August to criminal conspiracy charges before U.S. District Judge John F. Walter.
“I’m embarrassed beyond [...]
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The Internal Revenue Service’s investigation into Americans who use foreign banks to evade taxes has all the elements of a Hollywood thriller.
Criminal indictments that have come from the investigation detail complex financial deals, complete with secret communications and people traveling to Hong Kong, Switzerland and the Cayman Islands to have secret meetings with their bankers. [...]
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More than 150 UBS AG clients in the U.S. are under investigation for concealing income and assets offshore at the bank, a prosecutor said in a court filing.
The scope of the investigation was disclosed today in a memo recommending that former UBS banker Bradley Birkenfeld serve 30 months in prison for conspiring to help wealthy [...]
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NEW ORLEANS — The Terrebonne Parish assessor has filed a multimillion dollar lawsuit against two wholly-owned subsidiaries of ConocoPhillips, the third largest oil company in the world.
And the case may be the first of many similar lawsuits accusing big oil companies of skirting their tax obligations.
The lawsuit, filed in federal court around 11 a.m. Thursday, [...]
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Four current and former partners of the Ernst & Young accounting firm were found guilty Thursday of fraud involving tax shelters that helped wealthy people evade income taxes.
Federal prosecutors charged the four in May 2007, contending that from 1998 to 2006 they defrauded the I.R.S. by creating, marketing, using and defending tax shelters.
The shelters were [...]
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A Charlotte minister has been indicted for income tax fraud, mail fraud and lying to federal agents.
According to the IRS Criminal Investigation Division in Charlotte, Anthony L. Jinwright was charged on April 21, with five counts of tax evasion, five counts of tax perjury, one count of lying to federal agents, and three counts of [...]
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With tax season in full bloom, a little reminder to avoid making false or fraudulent claims on your tax return is in order.
If you want to see what a criminal tax case looks like, the IRS makes it easy – here are the fact patterns and sentencing results of over 50 criminal tax cases from [...]
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Octuplet mom Nadya Suleman is causing furor this week in California .
A number of reports appear to confirm that the hospital where the octuplets were born has requested reimbursement from Medi-Cal, the state’s Medicaid program, for care of the premature babies. While no numbers were officially disclosed, experts in the care of premature births estimate [...]
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