Recent Updates
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DOJ files suit North Carolinian for tax fraud scheme
Lawyer News 03/30/2007The United States has filed a suit in federal court in Raleigh seeking to bar Raymond A. Renfrow of Elm City, N.C., from preparing federal income tax returns for others, the Justice Department announced today. The suit, filed in the U.S. District Cou...
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Casinos and IRS wrangle over big tippers
Lawyer News 03/29/2007[##_1L|1272170075.jpg|width="130" height="94" alt=""|_##]As Las Vegas becomes a magnet for ever-wealthier visitors, a drooling Uncle Sam wants a bigger piece of the action. The Internal Revenue Service believes that more than $9 billion in tips go un...
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Jenkins law firm to close amid tax probe
Lawyer News 03/29/2007Dallas law firm Jenkens & Gilchrist will close and pay a $76 million fine to settle a federal criminal tax-shelter probe, government officials said Thursday. The penalty stems from the firm's "promotion of abusive and fraudulent tax ...
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Intel said IRS settlement to reduce tax burden
Lawyer News 03/29/2007Chipmaker Intel Corp. said on Thursday it will set aside $275 million less than it had planned for taxes as a result of a settlement with the U.S. Internal Revenue Service, and says its 2007 tax rate will be lower than expected. The IRS told Intel on...
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Tax Cheat Avoids $100 Million Penalty
Lawyer News 03/28/2007Incorrectly worded Justice Department documents filed as part of the biggest tax prosecution ever will cause the federal government to miss out on $100 million.Telecommunications entrepreneur Walter Anderson, who admitted hiding hundreds of millions ...
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Felony charges dropped in HP 'pretexting' case
Lawyer News 03/15/2007[##_1L|1347134875.jpg|width="120" height="107" alt=""|_##]A California state judge on Wednesday dropped the felony charges against four defendants in the Hewlett-Packard (HP) pretexting scandal after the defendants pleaded no contest to misdemeanor c...
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Search Warrants Target Tax Preparers in 7 Cities
Lawyer News 02/16/2007WASHINGTON — Search warrants were carried out in seven cities this week by special agents from the Internal Revenue Service. According to affidavits filed in federal court, the IRS is seeking evidence from tax-preparation businesses suspected of prep...
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Merck Agrees to Pay $2.3 Billion in Penalties
Lawyer News 02/15/2007WASHINGTON —The IRS announced today that it had entered into an agreement that resolves several disputed tax issues with Merck & Co., Inc. and its subsidiaries. The agreement will result in a payment to the government of approximately $2.3 billio...
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REA Associates to be Barred From Tax Prep
Lawyer News 02/15/2007WASHINGTON - The United States filed has filed suit seeking to permanently bar Richard E. Almy and his company, REA Associates, Inc., from preparing federal tax returns, the Justice Department announced today. According to the complaint, filed in the...
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Bogus Corporation Tax Fraud Scheme Barred
Lawyer News 02/07/2007WASHINGTON – A federal judge has ordered that William J. Kennedy, of Livermore, Calif., be barred from selling “corporation sole” tax fraud schemes, the Justice Department announced today. The preliminary injunction order was entered following a hear...
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Nissan Altima Hybrid Qualifies for Tax Credit
Lawyer News 01/15/2007WASHINGTON -- The Internal Revenue Service has acknowledged the certification by Nissan North America, Inc., that its 2007 Nissan Altima Hybrid vehicle meets the requirements of the Alternative Motor Vehicle Credit as a qualified hybrid motor vehicle...
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N.Y. City Man Pleads Guilty to Human Trafficking Charge
Lawyer News 01/12/2007A man from Queens, N.Y., pleaded guilty today to attempting to recruit a Korean woman whom he believed to be a minor to work as a prostitute, the Justice Department announced today.Do Hyup Bae pleaded guilty to charges relating to the operation of a ...