Community News news April 2007

Tax

Illinois Tax Scam Promoters Indicted

A prominent Southern Illinois automobile dealer and three promoters of a tax fraud scheme in the U.S. Virgin Islands were charged with a variety of tax and wire fraud-related charges in an indictment returned last Friday and made public today, the Justice Department and the Internal Revenue Service (IRS) announced.A federal grand jury in East St. Louis, Ill. returned the 21-count indictment, which charges James A. Auffenberg Jr. of Swansea, Ill., Peter G. Fagan of De Leon, Texas, James W. Ferguson III of Amarillo, Texas, and J. David Jackson of St. Croix, U.S.
Community News

California Legislative Staff Takes Financial Wellbeing Class

California legislative staff members recently received briefings on how to improve their money management abilities.Conducted by the California Society of CPAs (CalCPA) and CalCPA Institute, the program covered debt and credit management, retirement planning, home mortgages and saving for college.Assembly members Fiona Ma and Roger Niello, themselves CPAs, sponsored the program, which was held at the Capitol.The program was part of a CalCPA community outreach effort designed to improve Californians' financial literacy.
Community News

Alabama Proposes Exemption Increase

A bill in the Alabama legislature would gradually increase the personal and dependent exemptions and standard deduction if growth in the Education Trust Fund exceeds three percent annually.Under the bill, ALHB 277, increased exemptions and deductions would apply only to taxpayers with $100,000 AGI or less.The bill was referred to the House Committee on Education Appropriations.
Practice

Grant Thornton LLP Names Central Region Leadership

Grant Thornton LLP announces the promotion of Lou Grabowsky to Central Region Managing Partner and Randy Robason as Managing Partner of the firm’s Dallas office. Robason will transition from the firm’s Charlotte office where he was the Southeast Region Tax Practice Leader.As the Central Region Managing Partner, Grabowsky is responsible for all operations within the region including client service and professional matters.

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