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28 May 2022, 8:12 am by sbarder2@illinois.edu
At the Aspen Security Forum, Gary Gensler, chair of the SEC, compared the state of cryptocurrency regulation to the “Wild West,” noting its lack of investor protection.[1]  Gensler has continued to repeat the “Wild West” metaphor when discussing the challenges and lack of cryptocurrency regulation, which leave individual investors and financial markets vulnerable to fraud.[2] Although the Internal Revenue Service (“IRS”), Financial Crimes… [read post]
28 Jun 2017, 6:50 am by David Markus
Moreno was under scrutiny by federal investigators in the United States because of accusations that he planned to seek a bribe from a criminal defendant while in Miami this month to deliver an anticorruption presentation to the Internal Revenue Service. [read post]
29 Apr 2014, 4:45 pm by David Markus
She insisted they did not submit false tax returns or lie to investigators, and their lawyer said the federal case rested heavily on testimony of the jewelry investment Ponzi scheme operator, Luis Felipe Perez.It should have been handled through an Internal Revenue Service audit rather than a criminal indictment, defense attorney David Garvin said in closing arguments. [read post]
6 Dec 2015, 9:34 am by Charles (Chuck) Rubin
The Act adds new Section 7345 to the Internal Revenue Code. [read post]
17 Jun 2022, 5:00 am by Mark Astarita
The Internal Revenue Service has cautioned taxpayers with pending tax bills to contact the IRS directly and not go to unscrupulous tax companies that use local advertising and falsely claiming they can resolve unpaid taxes for pennies on the dollar. [read post]
2 Nov 2015, 3:47 am
Grandparents Victimized In Narcotics Bail ScamA few months ago, my mother telephoned me, quite distraught, and told me that she had received a call from the Internal Revenue Service warning her that she would be arrested unless she immediately sent money. [read post]
12 Mar 2020, 6:00 am
This is big: "The Internal Revenue Service today advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status. [read post]
17 Feb 2013, 11:43 pm by Debra A. McCurdy
On February 1, 2013, CMS and the Internal Revenue Service (IRS) published two proposed regulations to address the requirement to maintain minimum essential coverage under the Affordable Care Act (ACA). [read post]
23 Oct 2017, 8:39 am by Marc Soss
The Internal Revenue Service (“IRS”) announced on October 19, 2017, the following dollar limits applicable to tax-qualified plans for 2018: • The limit on the maximum amount of elective contributions that a person may make to a §401(k) plan, a §403(b) tax-sheltered annuity, or a §457(b) eligible deferred compensation plan is increased from $18,000 to $18,500. [read post]
23 Jul 2019, 6:06 am by Joe Patrice
* With a no-deal Brexit now on the horizon, lawyers able to practice in Ireland pose about the only path to save the hefty revenue streams of London's Biglaw behemoths. [read post]
4 Jan 2015, 6:30 am by Howard Friedman
In reaching its conclusion, the court refused to defer to a contrary opinion in an Internal Revenue Service private letter ruling issued to Advocate. [read post]
1 Nov 2014, 9:49 am by The Public Employment Law Press
Reporting compensation and reimbursement for expenses paid to election workersSource: Internal Revenue Service bulletinElection workers are individuals hired by government entities to perform services at polling places in connection with national, state and local elections. [read post]
23 Nov 2013, 3:35 pm by Howard Friedman
Lew, (WD WI, Nov. 22, 2013), a Wisconsin federal district court held unconstitutional Internal Revenue Code Sec. 107(2) that excludes from gross income a minister's parsonage allowance. [read post]
1 Feb 2013, 8:25 am by Anonymous
In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. [read post]
5 Dec 2019, 10:00 pm
Later in this Legal Update, we briefly discuss recent developments at the federal level involving hospital exemptions under § 501(c)(3) of the Internal Revenue Code. [read post]
19 Sep 2016, 11:00 pm
The proposed law amends the Internal Revenue Code to create a personal tax credit for senior citizens who remodel their homes to enhance their ability to remain living safely, independently, and comfortably in their residence. [read post]
17 Nov 2022, 11:18 am by Jack Bogdanski
The President is nominating Daniel Werfel (pictured) to succeed Charles Rettig as the Commissioner of Internal Revenue. [read post]
3 Mar 2014, 8:38 am
To what extent will Lake County tax revenue be reduced? [read post]
30 May 2013, 1:22 pm
"... to investigate charges the Internal Revenue Service targeted conservative groups, according to a Quinnipiac University national poll released today." [read post]
2 Nov 2015, 3:47 am
A few months ago, my mother telephoned me, quite distraught, and told me that she had received a call from the Internal Revenue Service warning her that she would be arrested unless she immediately sent money. [read post]