Legal issues

Tax

Woman Used Stolen Identities and Debit Cards to Obtain Tax Refunds

On April 17, 2012, the Justice Department, US Attorney George L. Beck Jr., and the IRS announced that federal grand jury in Montgomery returned an indictment on March 28, 2012, charging Antoinette Djonret for using stolen identities to file false tax returns.
Tax

NH and MA Residents Convicted for Promoting/Using Tax Defier Schemes

A federal jury in Worcester, MA, convicted William Scott Dion and Catherine Floyd, both of Sanbornville, NH, and Charles Adams of Norwood, MA, for conspiracies to defraud the United States through the promotion and use of multiple tax fraud schemes, the Justice Department and the IRS announced on April 2.
Tax

Woman Indicted for Using Stolen Identities to File False Tax Returns

A federal grand jury in Montgomery, Alabama, returned an indictment charging Jacqueline Slaton for using stolen identities to file false tax returns, the Justice Department, US Attorney George L. Beck Jr., and the IRS announced on April 5.
Tax

Alabama Woman Indicted for Tax Fraud

A federal grand jury in Montgomery, Alabama, returned an indictment on March 28, 2012, charging Wanda Davis with filing false federal income tax returns, the Justice Department and the IRS announced on April 2, 2012. The indictment was unsealed April 2 following Davis's initial appearance.
Tax

Michigan Man Arrested on Tax Charges

Steven Kern of Marine City, Michigan, has been arrested on eight counts of failing to file his individual tax returns and eight counts of filing false corporate tax returns.
Tax

Two Tax Evasion Cases Loom over Lohan as Other Legal Issues Fade Away

According to documents filed at the Los Angeles County Recorder’s Office on February 13, 2012, Lindsay Lohan never paid her federal income taxes for 2010, totaling $140,203.30. The IRS made its assessment of Lohan’s latest failure to pay on September 19, 2011. This is in addition to the $93,701.57 she still owes for 2009.
Tax

Will the Courts Uphold IRS Efforts to License Tax Preparers?

The IRS is confident that its initiatives to increase regulation of tax preparers will be found legal, despite challenges from opponents. Last week, IRS Commissioner Doug Shulman, said the new requirements were being implemented carefully and would "help smoke out unscrupulous preparers."
Tax

TaxMasters and CEO Cox Ordered to Pay Penalty of $195 Million

TaxMasters and its CEO Patrick Cox had been accused of defrauding consumers by promising that the firm could walk clients through audits, settle tax disputes, and recover property seized by the IRS. In 2010, Texas Attorney General Greg Abbott filed a lawsuit stating that some of the company's claims were false.
Tax

Alabama Woman Gets Sixty-One Months for Identity Theft and Tax Fraud

On March 13, the Justice Department and the IRS announced that Melinda Clayton of Montgomery, Alabama, was sentenced to sixty-one months in prison. Clayton plead guilty to conspiracy to make false claims, wire fraud, and aggravated identity theft. She was also ordered to pay $494,424 in restitution.
Tax

TaxMasters, a Tax-Resolution Firm, Is under Fire in Two States

TaxMasters, a tax-resolution firm that is up to $10 million in debt, is filing for bankruptcy protection following investigations by two attorneys general. The firm is known for its television commercials in which the red-bearded CEO, Patrick Cox, says TaxMasters can "solve your tax problems."
Tax

Lawsuit Charges IRS with "Power Grab" in New Tax Preparer Regulations

The Institute for Justice filed suit against the IRS on behalf of three independent, paid tax return preparers, challenging the IRS' authority to license and regulate paid tax preparers. The IRS instituted new requirements for paid tax preparers last year. The new regulations will be phased in over a three-year period.
Practice

Employers Paying the Penalty for Wage and Hour Violations

In prosecution of wage and hour violations, the stakes are getting personal. In several recent cases, the government has penalized company owners and officers for failing to pay overtime, imposing stiff fines and even imprisonment.
Tax

CPA Accused of Tax Fraud Is Now Suspect in Plot to Murder Witnesses

A San Diego-area CPA, heading to trial on an $11 million tax fraud scheme, has been arrested for allegedly plotting to hire an acquaintance to murder two people planning to testify for the prosecution.
Practice

Pippins v. KPMG LLP - What It Could Mean for Your Company

Employers who have faced potential class action wage-and-hour lawsuits know what a headache they can be. Due to a recent case, employers have a lot more to worry about. That case, Pippins v. KPMG LLP, has caused tremendous turmoil and confusion among those who follow employment litigation and electronic discovery.
Tax

Rapper Lil' Kim Owes IRS Big Bucks

Lil' Kim, a famous rap artist who has been working to turn her life around, allegedly owes more than $1 million in state and federal taxes for the years 2002 to 2009. Celebrity news website TMZ reported that her 2009 debt of $86,347 was recently added to the total she already owed, bringing it to $1,026,862.
Tax

New York Tax Preparer Pleads Guilty to Filing Fictitious Tax Returns

New York tax preparer Howard Levine has pleaded guilty to filing false tax returns containing contained fictitious deductions, business expenses, and corporate losses.
Tax

Pride of the Yankees? Hal Steinbrenner Sued by the IRS

A lawsuit – filed by the IRS on December 27, 2011, in federal court in Tampa, Florida – aims to recover the funds issued to Hal Steinbrenner, managing general partner of the Yankees, on December 28, 2009. The refund resulted from a dispute between the Steinbrenner family and the IRS for the 2001 tax year as well as audits of the team's parent company for the 2001 and 2002 tax years.
Tax

IRS to MC Hammer: We Can Touch This

It's Hammer time: The Internal Revenue Service (IRS) is going after MC Hammer for $779,585 it claims he owes in back taxes dating back to 1996 and 1997. According to entertainment news outlet TMZ, the federal government has initiated a lawsuit to recover the tax debt from Hammer.
Tax

Lawsuit Features Accounting Practices of a Nicolas Cage Film

Nicolas Cage has faced plenty of tax troubles in the past. According to the 'Business Insider,' he currently owes over $14 million. Now a new lawsuit is targeting the accounting practices of one of his films, 'Bad Lieutenant: Port of Call – New Orleans,' a crime drama released in 2009.
AccountingWEB Life

Cybercrime - No One Is Immune

Organizations and their managers need to take cybercrime seriously. According to PricewaterhouseCoopers' economic crime report, "Cybercrime: Protecting Against the Growing Threat," businesses face serious threats from cybercriminals, from both within and outside their organizations. The PwC report warns that cybercrime one of today's top four economic crimes.

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