Categories
Uncategorized

Fourth Circuit Affirms District Court Decision in Tax Crimes Case to Limit Taxpayer’s Reading Excerpts From Book on Cheek Willfulness Issue (10/24/20)

In United States v. Gerard, 2020 U.S. App. LEXIS 33341 (4th Circuit 10/22/20), here and govinfo here, the Court affirmed the taxpayer’s conviction for “for conspiracy to commit tax fraud” but remanded for the district court to address the elements of the obstruction of justice enhancement for sentencing purposes.  Although the opinion is an unpublished […]

Categories
Uncategorized

Corporate Taxpayer (AIG) “Settles” Tax Shelter Litigation Admitting Tax Shelters Were Shams (10/24/20)

The SDNY U.S. Attorney (Acting) issued this stunning press release yesterday:  Acting Manhattan U.S. Attorney Announces Settlement Of Tax Shelter Lawsuit Against AIG For Entering Into Sham Transactions Designed To Generate Bogus Foreign Tax Credits (USAO 10/23/20), here.   Key excerpts for this blog entry (most of the release) are: Audrey Strauss, the Acting United States […]

Categories
Uncategorized

Arguing to Undo the ACA. Harming Medicare. Do They Go Hand in Hand?

“Trump is pushing to slash Medicare benefits.” — Digital and TV campaign ad, Oct. 9, 2020 This story was produced in partnership with PolitiFact. This story can be republished for free (details). It’s a tried-and-true campaign strategy. Candidates go on the attack, claiming their opponent will do harm to Medicare. After all, people 65 and […]

Categories
Uncategorized

Private Equity Guru Smith Got a Hell of a Deal (10/23/20)

Today, the Wall Street Journal published what, I understand, is called an “explainer” about the Brockman indictment and the Smith nonprosecution agreement (“NPA”).  See Laura Saunders The IRS Reels in a Whale of an Offshore Tax Cheat—and Goes for Another (WSJ 10/23/20), here.  I previously wrote on these events.  One Big Fish Indicted and Lesser […]

Categories
Uncategorized

¿Viajas para el Día de Acción de Gracias? Deberás atravesar la barrera de COVID

SOBRE NOTICIAS EN ESPAÑOL Noticias en español es una sección de Kaiser Health News que contiene traducciones de artículos de gran interés para la comunidad hispanohablante, y contenido original enfocado en la población hispana que vive en los Estados Unidos. Use Nuestro Contenido Este contenido puede usarse de manera gratuita (detalles). Molly Wiese estaba perpleja. […]

Categories
Uncategorized

Did Trump Confuse the Public Option With ‘Medicare for All’?

“They have 180 million people, families under what he wants to do, which will basically be socialized medicine — you won’t even have a choice — they want to terminate 180 million plans.” President Donald Trump during the presidential debate, Oct. 22, 2020 During the final presidential debate, President Donald Trump claimed that 180 million […]

Categories
Uncategorized

KHN’s ‘What the Health?’: A Little Good News and Some Bad on COVID-19

Can’t see the audio player? Click here to listen on SoundCloud. For the first time in a long time, there is some good news about the coronavirus pandemic: Although cases continue to climb, fewer people seem to be dying. And there are fewer cases than expected among younger pupils in schools with in-person learning. But the […]

Categories
Uncategorized

Trump Says He Saved 2 Million Lives From COVID. Really?

“We saved 2 million people” from dying of COVID-19.” President Donald Trump, during the Oct. 15 town hall on NBC News This story was produced in partnership with PolitiFact. This story can be republished for free (details). President Donald Trump has repeatedly claimed to have saved 2 million lives from COVID-19 through his actions to […]

Categories
Uncategorized

Fourth Circuit Holds Taxpayer Liable for Willful FBAR Penalty (10/21/20; 11/3/20)

In United States v. Horowitz, ___ F.3d ___, 2020 U.S. App. LEXIS 33074 (4th Cir. 2020), here, the Fourth Circuit held that the taxpayer, who joined OVDP and opted out, was subject to the willful FBAR penalty.  On the issues presented, the Court held: The Court applied the expansive definition of willfulness that has taken […]

Categories
Uncategorized

Fourth Circuit Holds Taxpayer Liable for Willful FBAR Penalty (10/21/20)

In United States v. Horowitz, ___ F.3d ___, 2020 U.S. App. LEXIS 33074 (4th Cir. 2020), here, the Fourth Circuit held that the taxpayer, who joined OVDP and opted out, was subject to the willful FBAR penalty.  On the issues presented, the Court held: The Court applied the expansive definition of willfulness that has taken […]