IRS Shuts-Down "National Trust Services" Scheme FOR IMMEDIATE RELEASE TAX TUESDAY, JUNE 3, 2003 (202) 514-2007 WWW.USDOJ.GOV TDD (202) 514-1888 CALIFORNIA FEDERAL COURT BARS NATIONWIDE TAX SCHEME Justice Department Alleged Roderick Prescott sold hundreds of sham trusts WASHINGTON, D.C. - A federal...
Commercial Real Estate Tax Appeals are Increasing The commercial real estate market has fallen in the past few years, and many corporations are looking for breaks on their property taxes. Appeals of commercial property levies have nearly doubled in New Jersey, tripled in San Francisco, and...
Bankruptcy Discharges Corporate Officers Corporate directors facing crushing judgments for leading their companies down the path to ruin can still find shelter in bankruptcy court, the 9th U.S. Circuit Court of Appeals ruled Wednesday. Though most liens are dischargeable under bankruptcy law, those incurred as a...
IRS wants $15mil to Hire Collection Agencies! The IRS plans to eventually place 2.6 million delinquent taxpayer accounts annually with private collection companies, according to Pamela J. Gardiner, acting Treasury inspector general for tax administration. It will need to make an initial $10 million to...