Watchdog

Tax

TIGTA Says IRS Needs to Improve Emergency Preparedness

As the IRS continues to get back on its feet following the sixteen-day federal government shutdown, a new report released October 30 by the TIGTA concluded the IRS needs to improve certain aspects of its continuity program.
Tax

Crime Watch: November 1, 2013

Vernon Harrison of Montgomery, Alabama, was sentenced to 111 months in prison, three years of supervised release, and ordered to pay $82,791 restitution for his role in a stolen identity refund fraud scheme. Harrison is a former US Postal Service mail carrier.
Tax

TIGTA Wants IRS to Take Steps to Prevent Fraudulent Refunds

After reviewing the IRS's primary tool for detecting fraudulent tax returns, the TIGTA recommended the IRS take steps to fix ineffective income and withholding verification processes that are resulting in the agency issuing potentially fraudulent tax refunds.
Tax

Italian Taxmen Hound Soccer Player Diego Maradona to Pay Up

Diego Maradona took a chance returning to Italy this month where he was once a well-loved soccer star. When he visited back in 2009, the Italian tax authorities promptly confiscated two Rolex watches and a pair of earrings, valued at about $20,700.
Tax

Crime Watch: October 25, 2013

A Los Angeles man was sentenced October 24 to sixty months in federal prison for defrauding professional football player Dwight Freeney in a multimillion dollar fraud scheme.
Tax

Dave Camp Scolds IRS for Delaying Tax-Filing Season

According to Dave Camp (R-MI), the powerful chairman of the House Ways and Means Committee, the IRS' decision to postpone the start of the upcoming tax filing season could adversely affect taxpayers banking on early refunds.
Tax

Stephen Baldwin Chips Away at His Tax Debt

Last March when actor Stephen Baldwin made a plea deal in New York's Rockland County Court, he committed to paying off his back taxes within one year.
A&A

PCAOB Levies $2 Million Fine against Deloitte for Violation

Deloitte & Touche LLP was fined $2 million by the PCAOB on October 22 for permitting a former partner to perform activities as an "associated person" that were prohibited while he was subject to a PCAOB suspension order.
Tax

Beauty Jeane Napoles Bathes in Cash: Mom Swims in Legal Sewage

Young, beautiful Philippine designer Jeane Catherine Napoles filled a bathtub full with currency, climbed in, and took a photo of herself bathing bare in a sea of money. Then she posted it on social media.
Tax

Crime Watch: October 18, 2013

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.
Tax

The Fed Shutdown Just Keeps Getting Weirder

Oh what odd images the shutdown hath wrought. Here are some snippets of the federal government shutdown you may not know about.
Tax

IRS Can't Find $67 Million in Obamacare Funds

As if there wasn't enough controversy already swirling around the Affordable Care Act, now the TIGTA reports that the IRS can't account for $67 million stashed in a slush fund intended to help enforce the law.
Tax

Rapper Nelly to Feds: No Work = No Taxes

Would you vote for a rapper for president? How about Congress? Don't answer too quickly. Whatever your politics, as the government shutdown wanes on, the rapper who calls himself Nelly is making more sense than any of our elected representatives.
Tax

Tom Hanks Flees NYC before the Tax Bug Bites

It must be a pain to be wealthy and famous. Most people who enter a state on business can slip in, do a deal, and go on home without drawing the unwanted attention of the IRS. But for Tom Hanks, it's not so easy.
Tax

Crime Watch: September 26, 2013

A New York man admitted his role in one of the largest credit card fraud schemes ever charged by the Justice Department. He and a coconspirator caused more than $200 million in confirmed losses to businesses and financial institutions.
Tax

Update: A New Way to Tax the Michael Jackson Estate?

More than four years after Michael Jackson's death, the tug of war between his estate and the IRS seems to be heating up rather than nearing agreement. Some estate specialists wonder if the IRS is looking to tax assets they haven't generally taxed before.
Tax

Beanie Babies at the Center of Tax Scandal?

Who would've ever thought Beanie Babies would emerge as part of a tax evasion scheme? Only in America. But on September 19, the billionaire creator of Beanie Babies, Ty Warner, was hit with charges of tax evasion.
Tax

IRS Hounded Conservative Groups After Tax-Exempt Approvals

The "Tea Party scandal," which has been quietly simmering for several weeks, may boil over once again. A leading Republican lawmaker says the IRS continued to target conservative groups after they'd been granted tax-exempt status.
Tax

Crime Watch: September 19, 2013

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.
Tax

Crime Watch: September 13, 2013

A couple from Iowa and a Las Vegas accountant were charged September 11 with conspiring to defraud the IRS of more than $700,000 by allegedly using nominee corporations and bank accounts to hide their income and other assets.

Pages


Already a member? log in here.