Posts Tagged IRS
Swiss Court Approves “Cold Bed” Tax
by Brian Mahany A Swiss court approved a controversial tax on unoccupied 2nd homes. The measure is designed to raise revenues by taxing those fortunate enough to have a second house. (The hotel industry also likes the idea because it encourages visitors to stay in a hotel instead of a 2nd home.) The measure has [...]
IRS Targets New Scheme In Employment Plan Arena – Captive Management Companies
by Brian Mahany People think that accountants and tax lawyers lead boring lives. Perhaps that may be true for some, but there is plenty of action these days with the IRS and their Employment Plans tax group. Recently, the IRS identified an “emerging issue” that it calls a potential Abusive Tax Avoidance Transaction. If you [...]
How To Turn A Tax Debt Into A Prison Sentence
Posted by admin in Tax, White Collar Criminal on August 21, 2012
by Brian Mahany Last month the 7th Circuit Court of Appeals upheld a four + year sentence given to John McKinney in a criminal tax case. The facts behind the case tell the perfect story of how a simple tax debt can become a lengthy stay in a federal prison. John and his brother Robert [...]
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