IRS Victory in Land Tax Case Could Speed Government Crackdown

Jan. 11, 2024, 9:45 AM UTC

Decades-long sentences and close to $1 billion in ordered restitution handed out in federal court this week in a fraudulent charitable deductions and land rights case could finally put the brakes on a controversial tax transaction while making it easier for the IRS to win related cases in US Tax Court.

Jack Fisher, a 71-year-old real estate developer, was sentenced Tuesday to 25 years in prison and ordered to pay $458 million in restitution for cheating the IRS using inflated tax deductions in the US District Court for the Northern District of Georgia. His co-defendant, James Sinnott, was sentenced to ...

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