Watchdog

Tax

Jesse and Sandi Jackson Prison Bound on Fraud Convictions

Former US Representative Jesse Jackson Jr. and his wife were back in court August 14 to be sentenced on charges of campaign fraud and tax fraud. Both Jacksons entered guilty pleas last February.
Tax

New IRS Letter to Small Businesses Draws Flak from Congress

The IRS is facing more pressure from Congress this week. Some lawmakers are criticizing a slew of letters sent by the agency to thousands of small business owners.
Tax

Crime Watch: August 14, 2013

Mark Goldberg, a Bronx-based tax preparer, pled guilty to charges related to his participation in a scheme to file fraudulent tax returns on behalf of numerous clients, falsely claiming more than $7 million in bogus deductions, including school tuition credits and expenses.
Tax

Crime Watch: August 9, 2013

A former Washington State real estate developer and his long-time girlfriend were convicted August 4 on twenty-five counts of tax evasion and false statements related to their scheme to avoid paying taxes on more than $23 million in income.
Tax

New York State Tax Collection Plan: No Pay-No Drive

If you're a resident of New York State and you've fallen behind in your state personal tax payments and owe more than $10,000, you might need to hire a driver or take a cab.
Tax

Tea Party Scandal: Oversight Committee and IRS Spar Over Documents

The congressional committee investigating the "Tea Party scandal" – the House Oversight and Government Reform Committee – and the IRS continue to snipe back and forth at each other.
Tax

Crime Watch: August 2, 2013

The Justice Department and IRS announced that John T. Hoang of Virginia pleaded guilty in federal district court in Washington, DC, to willfully aiding and assisting in the preparation of false income tax returns for tax year 2004.
Tax

Is the IRS Stonewalling Congress?

Does it seem that the IRS scandal targeting conservative groups for extra scrutiny has been going for . . . well, forever? Certain Republican leaders in Congress think the IRS is prolonging the agony by holding back information.
Tax

House Committee Report Stirs Up Tea Party Scandal

The Republican-dominated committee claims that fifty-six applications filed by conservative groups were still pending as of May 31, while no groups with "progressive" in their names had a pending application.
Tax

Reality Bites for Teresa Giudice - A Star with Real Tax Woes

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.
Tax

Chris Zorich Avoids Prison in His Tax Evasion Case

Back in March when Chris Zorich faced a Chicago judge to answer for his tax failings, he took it like a man. In the long run, this attitude might have bought him some mercy.
Tax

Crime Watch: July 25, 2013

A former manager of an H&R Block Preparation store has been sentenced to twelve months and one day in federal prison for using the identities of former tax preparation clients to file false returns with the IRS seeking fraudulent income tax refunds.
AccountingWEB Life

All Eyes Are on England for Royal Baby Watch

UPDATE: The baby who would be king has a name. He is George Alexander Louis and will be referred to as His Royal Highness Prince George of Cambridge.
Tax

Crime Watch: July 18, 2013

A Texas man, who was arrested in an airport while attempting to flee the country, was indicted in the Central District of California in a multimillion-dollar identity theft and tax refund fraud scheme. If convicted, he faces a statutory maximum sentence of at least seventy-five years in federal prison.
Tax

Crime Watch: July 12, 2013

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&A

Maryland CPAs Praise Court Ruling on Contributory Negligence

The Maryland Court of Appeals on July 9 voted five to two against changing the state's 166-year-old contributory negligence doctrine, which prevents people from collecting damages in a lawsuit if they contributed to their injuries in any way.
Tax

Tax Evasion: Jail Time Begins for Lauryn Hill

Lauryn Hill is officially behind bars. Her first meal, according to TMZ.com, was "tasty BBQ pulled pork with a side of carrots, peas, and sweet potatoes." Doesn't sound too punitive.
Tax

Crime Watch: July 3, 2013

A California man admitted that for tax years 2007 and 2008, he failed to report approximately $1,843,847 of income, resulting in an additional tax due and owing to the government of approximately $516,277. He faces a five-year prison sentence.
Tax

Football Player Terrell Owens Faces IRS Lien

UPDATE: Terrell Owens Clears Massive Tax Debt. Owens had joined a long line of top-earning sports figures who blew through their wealth quickly and ended up broke. According to "Sports Illustrated," this is part of a "financial pandemic" that plagues a lot of top-earning athletes, especially in the NFL.
Tax

IRS Spending Sprees Send Some to the Woodshed

Work for the IRS and you might be able to get all kinds of free perks, including pornography and electronics, expensive meals, and more - all on the taxpayer's dime. But these items aren't supposed to be free.

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