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Former BDO Seidman LLP Vice Chairman Charles Bees cooperation with prosecutors in a $1 billion tax fraud probe didnt spare him from prison, as a judge, citing the magnitude of the crime, sentenced him to 16 months.
June 10 -
When an individual receives a Schedule K-1 from a partnership reflecting a loss, there are several things to consider before deciding if the loss can be deducted. In order to determine deductibility, a partner's basis and at risk limitations need to be evaluated.
June 9 -
Amid continuing gridlock in Congress that has held up agreement between Democrats and Republicans on tax reform, the leaders of the Senate Finance Committee outlined a series of hearings this summer aimed at moving forward on the effort.
June 9 -
More than 70 percent of Fortune 500 companies booked their profits to offshore tax havens in 2013, with just 30 companies accounting for 62 percent of money in tax havens, according to a new report.
June 9 -
A former Internal Revenue Service employee has been sentenced to four years and nine months in prison in connection with a tax fraud and identity theft scheme.
June 9 -
Bank Leumi Le-Israel Ltd. said its in advanced talks to settle a U.S. investigation into whether it helped Americans evade taxes, in a deal that two people familiar with the matter said wont include a guilty plea.
June 9 -
The U.S. Supreme Court turned away a Wells Fargo & Co. units bid for as much as $148 million in tax refunds, leaving intact an Internal Revenue Service victory in a corporate tax-shelter case.
June 9 -
As this years hurricane season starts, the IRS is reminding individuals and businesses to safeguard their records against natural disasters.
June 6 -
Some of our favorite recent tax fraud cases.
June 6 -
Once again this year you can bring your toughest unresolved IRS case to resolution specialists at IRS Tax Forums.
June 6
