Definitions
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a region of northeastern France famous for its wines
Etymologies
Sorry, no etymologies found.
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Examples
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In the case of Elsass, the IRS charged that he and his firms marketed use of investment-theft losses as "a panacea for all financial losses ... regardless of whether theft, or a loss resulting from theft, can be established."
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The lawsuit and Ohio Supreme Court records say that Elsass has been "indefinitely suspended" from practicing law since the late 1990s.
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The complaint says Elsass inflated theft-loss deductions, put them in a wrong year to speed up recovery, claimed them on behalf of nonparties to the tax return and wrongly claimed them on a sale-of-business property form to reduce adjusted gross income.
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Elsass did not respond to messages sent to his office seeking comment.
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In addition, the IRS said, "Elsass himself has repeatedly, but falsely, told customers he had never once lost 'a refund request with the IRS, despite the many occasions in which the IRS disallowed a theft-loss deduction."
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The IRS lawsuit said that, despite warnings, Elsass falsely represented himself as a still-licensed attorney to clients who "learn the truth" only after they were audited.
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The lawsuit and Ohio Supreme Court records say that Elsass has been "indefinitely suspended" from practicing law since the late 1990s.
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The move against Elsass is the latest in a series of IRS lawsuits seeking to crack down on the tax preparer industry, which has been largely unregulated for a century.
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The IRS lawsuit said that, despite warnings, Elsass falsely represented himself as a still-licensed attorney to clients who "learn the truth" only after they were audited.
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In addition, the IRS said, "Elsass himself has repeatedly, but falsely, told customers he had never once lost 'a refund request with the IRS, despite the many occasions in which the IRS disallowed a theft-loss deduction."
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