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Tax and financial planning news from around the web: December 9 – 13, 2024

Written on Dec 13, 2024

The IRS Criminal Investigation (IRS-CI) released its Fiscal Year 2024 (FY24) Annual Report. The unit identified over $2.1 billion in tax fraud in fiscal year 2024. 

A federal district court, finding that the Corporate Transparency Act is likely unconstitutional, issued an order prohibiting the enforcement of the CTA and the beneficial ownership information reporting rule in the CTA’s accompanying regulations.