Watchdog news October 2012

Practice

Weathering Sandy: Advice, Assistance, Notifications from CPA Societies and Others

Post-Sandy, CPA societies, government offices, and other organizations are providing information and resources to assist those impacted by Hurricane Sandy. We will keep you updated as news comes in.
Practice

Accounting Firms Weathering Initial Stage of Sandy

Although Hurricane Sandy has yet to make landfall, her effects are being felt among small and big accounting firms in the Northeast as they swing full throttle into disaster-prep mode.
Tax

Crime Watch

Our latest roundup of criminal cases includes a US postal worker who has been indicted for his involvement in stolen identity fraud and embezzlement. If convicted, he faces years of jail time.
Education & Careers

Hurricane Sandy Leads to Postponement of 'Digital CPA' Conference

Because of emergency conditions related to Hurricane Sandy, the AICPA has decided to postpone the Digital CPA: 2012 CPA2Biz Cloud User Conference, which had been scheduled for October 28-30.
Tax

IRS Told to Improve Controls over Refundable Tax Credits

The IRS may never recover millions of dollars in refundable tax credits that were given out erroneously, a new Treasury Inspector General for Tax Administration audit report contends.
Community News

Extreme Cheapskate CPA: NY Living on the Cheap

By day, Kate Hashimoto is an employed New York CPA. By night, she's a self-confessed "extreme cheapskate." In fact, she spends so little money that TLC featured her in an episode of its new show "Extreme Cheapskates."
Tax

Crime Watch

Here's our latest roundup of tax crime news. Today's cases involve real estate mortgage fraud, tax evasion, an under-the-table payroll scheme, and an underground warehouse banking scheme.
Tax

California's Top Tax Delinquents for 2012

Every year California publishes a list of tax delinquents, many of whom are big names in Hollywood. This year is no exception, though some say the celebrity names come more from the B-list or farther down the alphabet.
Tax

Meeting with Your Tax Guy? Leave the Gun at Home

Rapper Richard Morales entered a tax preparation office and exploded in a fit of rage. Surveillance cameras show him pulling a gun on an accountant seated behind a desk where there was no visible means of escape.
Tax

Crime Watch

Today's tax crime cases involve tax evasion, charitable organization donation kickbacks, false claims for tax refunds, bank fraud, aggravated identity theft, money laundering, and wire fraud.
Tax

Beanie Sigel: The 2012 Al Capone of Rappers?

Beanie Sigel is serving time in prison for tax evasion. Why didn't he file returns and pay taxes? That's a question many people ask about celebrities and other artists, most of whom have much healthier incomes than the rest of us.
Tax

Crime Watch

A woman in Georgia has been indicted for stealing the identities of the most vulnerable - the homeless and the disabled. The second case involves a tax refund scheme of national scope, wherein at least 180 clients from thirty different states were victimized.
Watchdog

A Slew of Tax Fraud Crime Stories

Following are six stories we've gathered on some of the latest tax crimes in California. They make for some interesting reading.
A&A

SEC Charges CFO with Diverting Company Dollars

The SEC has charged a former CFO of a Minnesota-based computer networking device manufacturer for secretly diverting company funds to cover unauthorized personal expenses and other employees' entertainment expenses.