Tax Law360 provides breaking news and analysis on federal, state, and international tax law, with a focus on business enterprises. Coverage includes high-stakes litigation, government enforcement actions, and auditing issues, as well as related policy developments.
A New York federal jury on Friday convicted an attorney on charges of altering records in an effort to impede the grand jury investigation into his former client, a longtime associate of a New York crime family who secretly controlled the activities of a construction firm awarded a One World Trade Center building contract.
After tying the knot with Prince Harry, the Duchess of Sussex must remain aware of future tax liabilities, since as a U.S. citizen she is still required to share certain information about taxable income, foreign bank accounts and wedding gifts with the Internal Revenue Service to avoid potentially steep fines.
The Third Circuit on Friday upheld a $1.9 million judgment against the co-founder of a woodwork fabrication company accused of underpaying three years’ worth of federal payroll taxes, ruling that he had enough control of the business to render him responsible for paying up.
Former Trump campaign chairman Paul Manafort's trial on financial crimes has been delayed by roughly two weeks, as a Virginia federal judge cited an unspecified family medical issue on Friday.
The Texas Supreme Court on Friday held that an appraisal district’s valuing of saltwater disposal wells separately from the land on which they are located is a valid appraisal method, rejecting the landowners’ arguments that such valuations double-taxed the wells.