Recent Government actions suggest that third-party promoters and potentially hundreds of taxpayers may be entering into abusive trust arrangements aimed at unlawfully eliminating or deferring federal income taxes....more
10/3/2023
/ Asset Management ,
Charitable Trusts ,
Criminal Conspiracy ,
Criminal Investigations ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Income Taxes ,
Indictments ,
Internal Revenue Code (IRC) ,
IRS ,
Tax Benefits ,
Tax Deferral ,
Tax Fraud ,
Tax Liability ,
Tax Shelters
For some time, the IRS has cautioned taxpayers about filing false or fraudulent ERC claims. More recently, on September 14, 2023, the IRS issued a News Release, IR-2023-169, indicating that it would no longer process ERC...more