John Woolley

A tax return preparer that the IRS sued for filing false returns and misappropriating electronic filing identification numbers reaped about $733,700 in ill-gotten gains, a Texas federal district court said in agreeing with the federal government.

Vanguard finalized its $40 million settlement with investors who say the firm breached its fiduciary duty when it restructured its mutual funds in such a way that caused them to pay surprise capital gains taxes.

Two Missouri tax attorneys and an insurance agent were sentenced to a combined 16 years in prison for their roles in operating a tax shelter that the federal government says defrauded the IRS of more than $22 million.

New York, New Jersey, and Connecticut should be barred from challenging a Treasury Department rule that stops their attempted circumvention of the $10,000 cap on state and local tax deductions, the federal government told the Second Circuit.

The Corporate Transparency Act will remain temporarily blocked pending the US government’s appeal of the nationwide injunction against the law and its implementing regulations, a Texas federal judge ruled Tuesday.

The Fifth Circuit lifted a nationwide injunction that blocked enforcement of the Corporate Transparency Act, finding that the federal government is likely to prevail in a constitutional challenge to the disclosure law.