Residents dived deep into how property tax exemptions work – and how they affect Evanston – at a public discussion Wednesday evening led by staff from the Cook County Assessor’s Office. Christina Lynch, director of legal for the assessor’s office, presented and answered residents’ questions in the Parasol Room of the Morton Civic Center, 2100…
Category: Taxation
Hunter Biden Reaches Deal to Plead Guilty to Misdemeanor Tax Charges
Hunter Biden agreed with the Justice Department on Tuesday to plead guilty to two misdemeanor tax charges and accept terms that would allow him to avoid prosecution on a separate gun charge, a big step toward ending a long-running and politically explosive investigation into the finances, drug use and international business dealings of President Biden’s…
Steven H. Gerdes, 68, public finance and tax attorney dies
Steven Herbert Gerdes, 68, a nationally recognized tax attorney specializing in public finance, who spent more than 30 years working at Vinson & Elkins LLP in Houston, died July 30 following a brief illness. Born in Walnut, Ill., and growing up on a farm, Gerdes later made the transition from farmer to tax attorney, acquiring…
Trump fraud trial begins in New York court
Former President Donald Trump attends the trial in a civil fraud case brought by state Attorney General Letitia James against Trump, his adult sons, the Trump Organization and others, in New York, Oct. 2, 2023. His attorney Christopher Kise sits next to Trump. Seth Wenig | Reuters An accountant who worked on the tax returns…
U.S. Supreme Court spurns attorney-client privilege fight in crypto tax probe
Bitcoin are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic/File Photo/File Photo Acquire Licensing Rights Jan 23 (Reuters) – The U.S. Supreme Court on Monday threw out a case about the scope of attorney-client privilege involving a law firm’s bid to withhold records from prosecutors related to a cryptocurrency-promoting client in a…
Tax complaint filed against rightwing parents’ rights group Moms for Liberty | U…
A Michigan attorney has confirmed she filed an Internal Revenue Service (IRS) complaint against Moms for Liberty, the parental rights group with positions against racially inclusive and LGBTQ+ education in schools. The complaint, which is private but was obtained by the Guardian, alleges that the rightwing organization is in violation of its 501(c)4 non-profit status….
Dispute over $15,000 IRS bill may be aimed at never-enacted tax on billionaires
Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they contend is unconstitutional. The couple from Redmond, Washington, claim they had to pay the money because of their investment in an Indian company from which, as Charles Moore, 62, said in a sworn statement, they “have never…
Sidney Kess, Tax Attorney and Author, Has Died at Age 97
Sidney Kess, a nationally renowned tax lawyer and accountant, author of hundreds of tax books on financial and estate planning, educator, and a friend to many in the profession, passed away on Sunday at the age of 97. Sidney Kess “At 97 years young, Sid was a constant source of inspiration and I’m so lucky…