IRS

Tax

Tax Preparer Goes to Jail for Close to Five Years

Texas tax return preparer, Eddye Lovely, was sentenced to fifty-seven months in federal prison for aiding and assisting in the preparation of false tax returns.
Tax

Couple Sentenced for Hiding Millions Offshore

Sean and Nadia Roberts were sentenced July 30 before US District Court Chief Judge Anthony W. Ishii to twelve months and one day in prison for hiding millions of dollars in secret offshore bank accounts.
Tax

Former IRS Worker Admits He Hid Records

On July 31, former IRS employee Richard Andersen pleaded guilty to concealing records for a private business he owned.
Tax

Billions in ID Theft Tax Fraud Go Undetected

TIGTA estimates $21 billion could be refunded to identity thieves over the next five years. This is in addition to over $5 billion in tax refunds in 2011.
Tax

Treasury Department Unveils Model FATCA Agreement

The Treasury Department has just released a new "model agreement" designed to facilitate global information sharing about investments under the Foreign Account Tax Compliance Act (FATCA) of 2010.
Tax

Rapper Buys Back His Belongings at IRS Auction

The IRS collected $53,000 last week at an auction of jewelry and recording equipment once owned by rapper Young Buck, who claims he bought back some of his former possessions.
Tax

Florida State Rep Faces IRS Investigation

State Representative Daphne Campbell is under investigation for Medicaid fraud, prompting the state Democratic Party to ask Campbell "to consider stepping down," the <i>Miami Herald</i> reported.
Tax

House Approves Firing of Tax-Delinquent Federal Workers

The House approved legislation on July 31 that would require the federal government to terminate workers with "seriously delinquent" tax debts.
Tax

Guidance on ERISA Notice for Underfunded Pension Plans

The IRS has provided new guidance on notice requirements under the ERISA for single-employer defined plans, like pension plans, when the plan fails to meet certain funding levels (Notice 2012-46).
Tax

IRS Visits to Preparers Not Very Productive

A review of the Return Preparer Visitation Project (RPVP) for FY 2011 by TIGTA found that major changes need to be made to the management of the program to improve its effectiveness.
Tax

Study Offers Insight into Nonprofit Governance

A new benchmarking study, "A Snapshot of Key Data Extracted from 2008-2010 Form 990s," assesses the governance practices of nonprofits. It is a follow-up piece to a similar study released in 2010.
Tax

TIGTA: Adoption Credit Oversight Needs to Improve

Incomplete or missing documentation led the IRS to delay processing 43,295 Adoption Credit claims and approve more than $11 million in erroneous claims, according to a report publicly released by TIGTA.
Tax

Fraudulent AICPA E-mail Targets CPAs

A fraudulent e-mail phishing scam was sent to CPAs, non-CPAs, and the general public on July 19 accusing the recipients of tax refund fraud and threatening license suspension.
Watchdog

Alaska Authorities Sniff Out Tax Scammers

While law enforcement officers were investigating drug dealers in Alaska, they turned up a fraudulent tax scheme that reportedly generated about $19 million in illegal federal income tax refunds.
Tax

Former CPA, a Pakistan Fugitive, Indicted

Masood Chotani, a former CPA who spent the last three years as a fugitive in Pakistan, was arraigned July 12 on charges that he conspired to defraud the United States and made false claims for income tax refunds.
Tax

Woman in Custody in $2 Million Tax Fraud Case

Police arrested Krystle Marie Reyes on June 6 on accusations that she filed a fake TurboTax electronic tax form claiming she earned more than $3 million in 2011 and was owed a $2.1 million refund.
Tax

Tax Crimes Could Send Virginia Man to Prison

On July 10, a Newport News, Virginia, federal grand jury indicted Jeffrey Charles for conspiring with his daughter and son-in-law to defraud the United States, the Justice Department and the IRS announced.
Education & Careers

Jackson Hewitt Launches Its Tax Schools

On July 9, 2012, Jackson Hewitt Tax Service announced the nationwide launch of its Tax Schools in preparation for the 2013 tax season.
Tax

Man Gets 71 Months for Tax Conspiracy

Elmo Antonio George was sentenced to seventy-one months in prison for his role in a conspiracy to defraud the IRS and for filing false tax returns, the Justice Department and IRS announced.
Tax

Expatriate Gets Sixty Months in Prison

Ellen Meredith Stubenhaus, previously of Lake Worth, Florida, and later an expatriate living in Costa Rica, was sentenced to sixty months in prison. She previously had plead guilty to conspiracy to defraud the United States.

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