Gary Mach was sentenced to sixteen months in prison, two months of house arrest, and eighteen months of probation and ordered to pay $270,725 in restitution to the IRS after previously pleading guilty to conspiracy to defraud the United States.
Randolph Scott of Doylestown, Pennsylvania, an attorney whose practice included estate and probate matters, was charged by Indictment on October 3, 2013, with defrauding a client's estate of more than $1.7 million.
A massive case of organized tax and bank fraud culminated September 26 with the unsealing of four federal grand jury indictments accusing fifty-five people of participating in one or more illicit schemes, including the theft of more than 2,000 identities that were used to claim more than $20 million in bogus IRS tax refunds.
Accounting and business consulting firms Sax Macy Fromm & Co. PC (SMF), based in Clifton, New Jersey, and Bollam, Sheedy, Torani, & Co. LLP (BST), headquartered in Albany, New York, will merge, effective January 1, 2014.
Beth Ann Pettyjohn of Englewood, Colorado, was sentenced to serve twenty-eight months in federal prison for failure to pay over employment tax. The judge also ordered her to pay $4,669,532.05 in restitution to the IRS as well as a $25,000 fine.
There's nothing new about governments trying to use tax as behavior modification. They've been doing it forever. Now the behavior being targeted in some areas of the country is the choice at the grocery store of "paper or plastic."
Because seventeen states and the Virgin Islands have had an outstanding federal unemployment insurance loan for at least two years, employers in those jurisdictions may not be able to claim the maximum amount of state unemployment tax credits on their 2013 FUTA tax return.
Reality star Teresa Giudice has been in money trouble for a while. On July 29, it all got a whole lot worse when a federal grand jury handed down a thirty-nine count indictment against her and husband.
A New Jersey man, who coowns and operates a wholesale merchandise business in New York selling adult paraphernalia, was sentenced to nineteen months in prison for concealing more than $1.2 million in income in various domestic and foreign bank accounts.
A California man was sentenced to two years imprisonment, three years of supervised release, and ordered to pay $11,738,000 in restitution for aiding in the evasion of payment of federal payroll taxes.
Last December, Rapper Fat Joe – real name Joseph Cartagena – was convicted of tax evasion on nearly $3 million of income from 2007 and 2008. The tax shortfall with penalties comes to more than $1 million, plus a $200,000 fine.
Melvin Mooring, a Gainesville, Virginia, accountant, was sentenced to six years in federal prison for stealing $3.3 million from the company where he served as the chief financial officer. He had pleaded guilty to wire fraud and tax evasion charges in March.
The 2013 Accounting MOVE Project list of Best Public Accounting Firms for Women is drawn from the thirty-seven firms that participated in the project. Firms were ranked on the range, depth, and success of programs and workplace culture proven to remove barriers to women's success.
An Alabama woman was sentenced to ten years in prison and ordered to pay $1,198,063 in restitution. Rhashema Deramus and those working for her stole people’s identities and used them to file fraudulent tax returns and obtain tax refunds that were not owed to them.
The New Jersey Society of Certified Public Accountants (NJSCPA) has announced its inaugural list of the "50 Over 50." These seasoned CPA practitioners and members of the NJSCPA were selected for their continuing impact on the accounting profession in the Garden State and beyond.
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.