The Justice Department is seeking to shut down two income tax preparers for falsifying tax returns costing the US Treasury more than $100 million. According to the complaint, they repeatedly prepared tax returns that understated customers' federal tax liabilities.
Pamela Anderson owes back taxes of about $370,000 related to 2011 income, Gary Busey’s tax debt is over $450,000, and Britney Spears owes more than $37,000 to the state of California. And then there’s O.J. Simpson. . . .
Wester Cooley once belonged to the House of Representatives as a congressman from Oregon's second district. That was back in 1995 when he served one term. A lot has happened since then, and most of it hasn't been good.
Almost half of senior executives polled said they don't expect an agreement on the so-called "fiscal cliff" negotiations by year-end, according to a survey of more than 2,500 business leaders conducted by KPMG's TGI.
A New Jersey CPA was sentenced to fifty-four months in prison for a $500 billion fraud scheme. In addition to his prison term, he was sentenced to three years of supervised release and ordered to pay $43,582,699 in forfeiture.
The figures for holiday sales aren't in yet, but online retailers already have reason to celebrate: a proposal to tack onto a defense authorization bill an amendment that would impose sales tax on out-of-state sellers was booted at the last minute.
Just days ago, New York State tax authorities arrested actor Stephen Baldwin on felony tax evasion charges. Baldwin owes an estimated $350,000 in taxes and penalties, according to Rockland County DA Thomas Zugibe.
A controversial component of the 2010 health care law imposes a new 2.3 percent excise tax on most medical devices, beginning in 2013. The IRS has just issued a fifty-eight-page document on implementation of the rules.
While everybody has heard much about the "fiscal cliff," many people don't realize just how hard a hit they might take. The details are none too favorable. Take for example, the alternative minimum tax (AMT).
Charitable contributions – whether of the cash or noncash variety – are as much a part of year-end tax planning as Form 1040. However, the rules governing the deductibility of charitable contributions are not quite as simple as most taxpayers assume them to be.
Following up on the success of his popular High Impact Excel session, this time around David H. Ringstrom, CPA turns his attention to pivot tables. In one hour you'll learn how to whip unwieldy data into shape, and then quickly build meaningful reports by dragging and dropping with your mouse. David will also discuss techniques for improving pivot table data integrity. Detailed handouts with numbered steps will be provided for a variety of Excel versions.