Capone Tax Records Released


 

 

 

 

 

TAX NOTES
 
In a rare move, the IRS made records relating to the three-year tax evasion investigation of Al Capone available to the public.
 
Posted on www.irs.gov, the documents include two 1931 letters from Special Agent Frank Wilson, updating Elmer Irey, chief of the Intelligence Unit, on the status of the Capone investigation, as well as Wilson's 60-page summary report from 1933.
 
Prompted by a Freedom of Information Act request for the report, the IRS determined that the information could be released principally because Capone had never filed a tax return. The investigation led to Capone's conviction for tax evasion for which he served 11 years in prison.
 
Source: www.irs.gov.

SPONSORED REPORT

A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.