Recent Articles
Supreme Court to Decide on Trustee’s Ability to Recover IRS Tax Payments in Bankruptcy Case
High Court to Rule on Bankrupt Trustee’s Effort to Claw Back Allegedly Fraudulent Tax Payments In an upcoming case, the Supreme Court will rule on whether a bankruptcy trustee can recover tax payments made to the IRS on behalf of...
Supreme Court Declines IRS Whistleblower Case, Raising Questions on Award Limits
Whistleblower’s Challenge on IRS Award Reduction Ends as Supreme Court Passes on Case The Supreme Court recently decided not to review a case involving an IRS whistleblower award, leaving many people wondering what this means for others who report tax...
Major Changes to Health Insurance
Free HIV-Prevention, Expanded Breast Surgery Options, and Better Coverage for Cancer Screenings The IRS, Department of Health and Human Services (HHS), and Department of Labor (DOL) recently announced big changes to health insurance rules that could make a real difference...
Ninth Circuit Court Upholds IRS $150,000 Tax Penalty
California Ruling Sends Strong Message Against Tax Evasion and Frivolous Claims The Ninth Circuit Court of Appeals recently delivered a strong message to taxpayers trying to avoid their tax obligations. On October 24, 2024, a California court ruled against an...
Tennessee Couple Challenges IRS Over Staking Tax on Cryptocurrency Tokens
Should Cryptocurrency Earned Through “Staking” Be Taxed Before It’s Sold? A Tennessee couple, Joshua and Jessica Jarrett, is challenging the IRS over how cryptocurrency earned through a process called “staking” should be taxed. The Jarretts believe that tokens created through...
Former Corporate Lawyer, E.L., Sentenced for Tax Evasion and Extravagant Spending
Ex-partner at major U.S. law firms faces prison for failing to pay federal taxes A former corporate lawyer from two large U.S. law firms has been sentenced to 16 months in prison for tax evasion. The lawyer, referred to here...