On February 22, 2012, Joseph A. DiRuzzo, III, Esq., CPA, a senior tax associate at Fuerst Ittleman, filed a Petition for Writ of Certiorari in the United States Supreme Court […]
Discussing the constitutionality of civil penalties under the False Claims Act (“FCA”), a federal district judge in the Eastern District of Virginia has refused to impose a $50.2 million fine […]
On February 15, 2012, the Financial Crimes Enforcement Network (“FinCEN”) issued an Advisory to U.S. financial institutions advising them of their obligations under the Bank Secrecy Act (“BSA”) when dealing […]
On February 10, 2012, the Florida Department of Revenue Issued a Tax Warrant on the Florida Supreme Court at its 500 S. Duval St., Tallahassee addresses in the amount of $1,949.19. However, while the warrant has raised speculation that it was issued to Florida Supreme Court itself, it was actually issued to the Florida Supreme Court Historical Society, Inc. a non-profit with the same address as the Florida Supreme Court.
On February 7, 2012, the Financial Crimes Enforcement Network (“FinCEN”) announced final rules requiring non-bank residential mortgage lenders and originators to establish anti-money laundering (“AML”) programs and comply with suspicious […]
Since the 1970s the United States Congress and the Internal Revenue Service has been seeking ways to collect tax money which they are convinced is being hidden in offshore tax […]
Last year the Internal Revenue Service (IRS) Taxpayer Advocate released Taxpayer Advocate Directive 2011-1 speaking out against the IRS’s failure to implement Frequently Asked Question (FAQ) 35 of the 2009 Offshore Voluntary Disclosure Program (OVDP) to numerous taxpayers.
On February 1, 2012, the Florida House of Representatives Insurance and Banking Subcommittee approved HB 1277 which is designed to combat MSB facilitated workers compensation fraud in Florida. Over the […]
On February 2, 2012, the U.S. Department of Justice announced the indictment of Wegelin & Co., a Swiss private bank, for conspiring with U.S. taxpayers and others to hide more […]
In Telebright Corp. v. Director, Division of Taxation, the State of New Jersey used a single employee’s act of telecommuting while in New Jersey as the jurisdictional basis to tax […]
