Florida Tax Preparer Sued for Fraudulent Refunds

The DOJ filed a civil injunction complaint in U.S. District Court for the Southern District of Florida seeking to shut down tax preparer Glicerio D. Mirambel for preparing fraudulent federal income tax returns with fictitious businesses and fabricated expenses. The IRS estimates a tax loss exceeding $16 million since 2023. The DOJ seeks a permanent injunction barring Mirambel from preparing tax returns for others.

Trinity Hospital pays $1.7M Stark Law settlement

The DOJ announced Trinity Hospital agreed to pay $1.7 million to resolve alleged violations of the Physician Self-Referral Law (Stark Law). The settlement resolves allegations that improper rental arrangements with two referring physicians exceeded fair market value between 2014 and 2020. The government credited Trinity for self-disclosure, cooperation, and remedial action.

Texas Doctor Charged with Illegal Opioid Distribution

The DOJ announced an indictment unsealed in the Southern District of Texas charging Dr. James Robles, 70, with operating a cash-only Houston clinic used to illegally distribute controlled substances. Over approximately four years, Robles allegedly prescribed 2.9 million hydrocodone pills, 1.3 million oxycodone pills, and 1.1 million carisoprodol pills, generating over $2 million in cash deposits. He faces three counts including conspiracy to distribute controlled substances, distribution of controlled substances, and maintaining drug-involved premises, each carrying a maximum penalty of 20 years imprisonment.

Former BIA Officer Pleads Guilty to Sexual Abuse of Minor and Lying to Investigators

The DOJ announced that Murrell Deela, a former Bureau of Indian Affairs officer, pleaded guilty to sexual abuse of a minor and making false statements to federal investigators. The crimes occurred on August 7, 2024, on the Northern Cheyenne Indian Reservation in North Dakota.

Adjusting Self-Employment and Property Income for MTD

HMRC has published guidance on Making Tax Digital (MTD) for Income Tax, explaining how self-employed individuals and property income owners should adjust their digital records before submitting their Tax Return. The guidance covers claiming reliefs and allowances such as the Trading Income Allowance and Rent-a-Room Relief (up to £7,500), making tax adjustments to remove non-allowable expenses, and accounting adjustments for prepayments and accruals.

Welsh MTD guidance creating digital income records

HMRC published Welsh-language guidance on creating digital records for Making Tax Digital for Income Tax. The guidance explains how self-employed individuals and property businesses must create and store digital records of income and expenses using MTD-compatible software, submit quarterly updates to HMRC, and maintain digital links between record-keeping and submission software.

MTD Income Tax Scheme Eligibility for Sole Traders and Landlords

HMRC published guidance on the Making Tax Digital for Income Tax scheme, which introduces mandatory digital record-keeping and quarterly reporting for sole traders and landlords. The scheme is being phased in based on income thresholds: those with qualifying income over £50,000 must comply from 6 April 2026, with lower thresholds following in subsequent years.

Making Tax Digital Income Tax guide for sole traders

HMRC published guidance on Making Tax Digital for Income Tax requirements for sole traders and landlords. The new digital reporting system will be introduced in stages based on qualifying income thresholds: those with income over £50,000 must start quarterly digital reporting from April 2026, with subsequent thresholds of £30,000 from April 2027 and £20,000 from April 2028.

Adjust Self-Employment and Property Income for MTD

HMRC published guidance explaining how self-employed individuals and property income earners should adjust their digital records before submitting MTD-compatible tax returns. The guidance covers claiming reliefs like Rent-a-Room relief (up to £7,500), making tax adjustments for disallowable expenses, and accounting adjustments for prepayments and accruals under traditional accounting methods.

Prediction Markets: CSA and CIRO Remind Industry and Investors of Current Rules

The Canadian Securities Administrators (CSA) and Canadian Investment Regulatory Organization (CIRO) issued a joint notice reminding industry and investors of existing rules governing prediction markets and event contracts. The notice clarifies that anyone trading or facilitating trading in event contracts that are securities or derivatives must comply with securities or derivatives legislation, including registration or recognition requirements. Two CIRO members have been authorized to facilitate Canadian client access to event contracts subject to certain terms and conditions.