
Indianapolis CPA sentenced to federal prison for defrauding IRS of at least $2.5M
Jason L. Crace entered a guilty plea for assisting in the preparation of false tax returns on behalf of clients who participated in an illegal tax shelter.
Jason L. Crace entered a guilty plea for assisting in the preparation of false tax returns on behalf of clients who participated in an illegal tax shelter.
The move effectively calls for a carve out for religious organizations from the rarely used IRS rule called the Johnson Amendment, put in place in 1954 and named after then-Sen. Lyndon Johnson.
The Supreme Court rejected an appeal Monday from Michael Cohen, who wanted to hold his former boss and ex-president Donald Trump liable for a jailing he said was retaliation for writing a tell-all memoir.
An Indianapolis CPA faces up to three years in prison after he pleaded guilty to assisting in the preparation of false tax returns on behalf of clients who participated in an illegal tax shelter.
IRS officials, pushed by a lawsuit filed by Citadel CEO Kenneth Griffin, apologized to him and the other taxpayers through a news release last week after an agency contractor leaked the private tax data of more than 80,000 people and businesses.
On this Tax Day, the IRS is promoting the customer service improvements the agency rolled out since receiving tens of billions in new funding dollars through Democrats’ Inflation Reduction Act.
A businessman who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car collections has been sentenced to more than eight years in prison.
Hunter Biden sued the Internal Revenue Service on Monday, alleging that two agents who claimed interference into the case against him wrongly shared his personal tax information amid escalating legal and political struggles as the 2024 election looms.
An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny after a report found the agency failed to perform the mandatory inspection of Donald Trump’s returns until Congress pressed for information about the process.
A former northwestern Indiana mayor faces a January sentencing after pleading guilty to charges that he illegally used public campaign donations to cover gambling losses.
If you earn six figures and haven’t been filing your taxes, the IRS may come knocking. The agency said Wednesday it is stepping up efforts to visit high-income taxpayers who failed in prior years to file their tax returns on time.