Recent Updates
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Court Limits Trusts' Tax Deductions
Lawyer News 01/16/2008[##_1L|1186341207.jpg|width="130" height="94" alt=""|_##]The Supreme Court upheld limits Wednesday on income tax deductions for trusts and estates, ruling against the family that created Pepperidge Farm. The court said trusts ordinarily may not deduc...
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IRS offers guidance on tax preparer penalties
Lawyer News 01/03/2008The U.S. Internal Revenue Service has issued temporary guidance about tax return preparer penalties until the agency completes an overhaul of the regulations later this year.The notice, issued by the IRS on Monday, provides guidance about the standar...
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Rabbi, 5 Others Plead Not Guilty To Tax Fraud
Lawyer News 12/30/2007The leader of an Orthodox Jewish sect and five other men accused of tax fraud and money laundering pleaded not guilty Monday in U.S. District Court in downtown Los Angeles. Brooklyn, N.Y., resident Naftali Tzi Weisz, the 59-year-old Grand Rabbi of Sp...
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IRS says Fedex owes $319 mln in back taxes
Lawyer News 12/22/2007Fedex Corp said on Friday that the U.S. Internal Revenue Service found that its FedEx Ground independent contractors should be reclassified as employees for tax purposes and that the company faced related taxes and penalties of more than $319 million...
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IRS says Fedex owes $319 mln in back taxes
Lawyer News 12/22/2007Fedex Corp said on Friday that the U.S. Internal Revenue Service found that its FedEx Ground independent contractors should be reclassified as employees for tax purposes and that the company faced related taxes and penalties of more than $319 million...
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IRS warns of abusive tax scheme
Lawyer News 12/18/2007The IRS is warning taxpayers about the emergence of a tax scheme related to the Telephone Excise Tax Refund that individuals were allowed to request on their 2006 tax returns. IRS Spokeswoman Dee Harris said some unscrupulous tax-return preparers are...
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Kid-Care founders settle debt with IRS
Lawyer News 12/15/2007The Internal Revenue Service has settled a claim against the founders of Houston's Kid-Care for about $1,000 — a tiny fraction of the hundreds of thousands that Texas Attorney General Greg Abbott claimed the couple had stolen from the charity.The agr...
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Pitt loses appeal in lawsuit against IRS
Lawyer News 11/06/2007A federal appeals court has overturned a lower court ruling that granted a tax refund of more than $2 million to the University of Pittsburgh and about 200 faculty members who took early retirement.Pitt sued the federal government on behalf of its fo...
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IRS to Improve International Tax Administration
Lawyer News 10/26/2007The Internal Revenue Service intends to improve international tax administration in an effort to reduce the tax gap.As part of that effort, the IRS said it would increase its outreach to international taxpayers, as well as taxpayers in U.S. territori...
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Small Firms Flock to IRS E-Filing
Lawyer News 10/26/2007[##_1L|1025331367.jpg|width="128" height="81" alt=""|_##]The more than 42,000 large corporations that have already "e-filed" this year exceeds the approximately 22,000 that were required to file by the Sept. 17 deadline. Small businesses have no elec...
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IRS Wants Poker Tournament Winnings
Lawyer News 10/24/2007[##_1L|1162593824.jpg|width="128" height="81" alt=""|_##]The Internal Revenue Service reiterated its demand for casinos and other poker tournament sponsors to begin reporting winnings of more than $5,000 after March 4, 2008. The IRS and the Treasury ...
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Ex-Gov. Kirk settles IRS back-taxes suit
Lawyer News 10/24/2007[##_1L|1050251418.jpg|width="130" height="130" alt=""|_##]Months after protesting that he was a political whipping boy for the IRS, former Gov. Claude Kirk has agreed to settle his dispute with the federal government over $320,000 in unpaid taxes. In...