Michael Collins USA TODAY Published 6:46 PM EDT Oct 3, 2018 WASHINGTON – Tax experts say President Donald Trump and his family are in no danger of facing federal criminal charges over allegations of potential tax fraud detailed by The New York Times, but they could be possibly forced to pay millions of dollars in federal back taxes, interest and civil penalties. But even that is unlikely. Federal law limits to six years the amount of time that prosecutors can file criminal charges in tax fraud cases. There is no statute of limitations for assessing civil penalties in cases of tax fraud. But the Internal Revenue Service probably would be reluctant to open an audit into questionable tax activities that allegedly happened more than two decades ago, according to tax experts. “Practically speaking, I would not expect the IRS to be pursuing this one,” said Steve Rosenthal, a tax lawyer who now serves as a senior fellow with the Urban-Brookings Tax Policy Center. … [Read more...] about Trump taxes: IRS unlikely to probe fraud claims detailed by newspaper
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Until suddenly there wasn't. Donald Trump's former campaign chairman, who for months stood resolute in his innocence and determined to fight charge upon charge even as fellow former loyalists caved, reached an extraordinary plea agreement with special counsel Robert Mueller's office last Friday that requires him to assist the Russia investigation and converts him into a potentially vital government cooperator. The deal, struck in Washington just days before Manafort was to have faced a second trial, is tied to Ukrainian political consulting work and unrelated to the Trump campaign. The question remains what information Manafort (69) is able to provide about the president, as well as whether the Trump election effort coordinated with Russia. Manafort's leadership of the campaign at a time when prosecutors say Russian intelligence was working to sway the election, and his involvement in episodes under scrutiny, may make him an especially insightful witness. Manafort was among the … [Read more...] about Manafort plea deal prompts question: what does he know?
PUBLISHED: 15:22 19 July 2018 The granting of probate is necessary when you need to sort out a dead person's affairs. Archant Amidst the grief of losing a loved one, families also face the daunting prospect of administering their estate. Jane Marland, Director and Solicitor in the Wills, Trusts and Probate Department at HRJ Foreman Laws Solicitors talks about probate and what it could mean for you. The granting of probate is necessary when you need to sort out a dead person's affairs.Is probate relevant to me?Frequently families are asked to produce Probate before they can deal with any of the deceased’s assets, but they are often unsure what probate is or how it can be obtained. Probate is the legal process for dealing with the estate of someone who has died. A Grant of Representation (Grant) is usually required before the assets can be passed onto any beneficiaries. This is called a Grant of Probate if there is a Will. If there is not a will, you will need a Grant of … [Read more...] about Probate – what does it mean and when is it required?
Jayme Deerwester USA TODAY Published 5:56 p.m. UTC Jun 21, 2018 Johnny Depp gave an interview to Rolling Stone and it's every bit as bonkers as you might expect. In the story, published Thursday, reporter Stephen Roderick said it had taken 200 emails to get in a room with Depp, who brought him to his London home and indicated he was ready to "bare his soul about his empty bank accounts." The veteran actor, 55, is locked in a legal battle with his former business managers over his dwindling fortune. Last year, he sued The Management Group for $25 million, alleging the company mismanaged nearly $400 million through fees he didn't agree to, incurring late fees via delinquent income tax filings and making loans to themselves and members of his entourage that he didn't approve. TMG promptly countersued him, saying he frittered away his own money on extravagances and ignored their warnings that he couldn't afford to keep spending at that pace. If his intention … [Read more...] about Johnny Depp’s Rolling Stone interview does little to repair his big-spender reputation
Press play to listen to this article By FLORIAN EDERwith ZOYA SHEFTALOVICH Send tips here | Tweet @florianeder | Listen to today’s Playbook and view in your browser ASKING THE BIG QUESTIONS THIS MORNING: What does real love look like? How does one define a family? Is the Frankfurt airport a safe place to transit if there’s an international warrant out for your arrest? Is Uber an “information society service” rather than a transport company? Can small things — say fish sticks (or fingers, for the Britons here) — soothe tensions between Brussels and Eastern Europe? Does Viktor Orbán’s landslide victory constitute a new reality in Europe’s power balance? What do Donald Tusk and Cristiano Ronaldo have in common? And finally: How does one become a Spitzenkandidat? Good morning. Avoid Frankfurt, Munich, Cologne/Bonn and Bremen today as Verdi trade union members — ground staff and firefighters — are on … [Read more...] about POLITICO Brussels Playbook: Who wants to be a Spitzenkandidat — Fish sticks and football fans — Consumers’ ‘new deal’