3 Florida tax preparers going to prison for ‘very large scale’ fraud — scam cost Uncle Sam $12M+ in lost revenue. How a local news team sniffed it out

But the lavish lifestyle didn’t last. Judge Berger sentenced Carrillo to 12 years in federal prison on Wednesday, while ...
Self Employed on MSN

New Guidance Clarifies Tax Elections, Amendments

Federal tax authorities released a revenue procedure offering step-by-step instructions for taxpayers navigating a ...
Tax Guru

ITAT Condones 972-Day Delay Citing Bona Fide Belief & Age of 71-Year-Old Assessee

ITAT held that the delay in filing appeal was caused by genuine reasons, including the taxpayer’s age and misunderstanding of online procedures. The case was remanded to CIT(A) for fresh adjudication ...
Tax Guru

Disallowance for Pension Bond Interest Remanded Due to Wrong ITR Reporting

ITAT Hyderabad sent back the disallowance of Rs. 25.93 crore on pension bond adjustments and Rs. 21.92 crore on pension trust payments for verification due to contradictory claims and ITR reporting ...