Watchdog

Tax

Crime Watch: June 13, 2013

Melvin Mooring, a Gainesville, Virginia, accountant, was sentenced to six years in federal prison for stealing $3.3 million from the company where he served as the chief financial officer. He had pleaded guilty to wire fraud and tax evasion charges in March.
Tax

Is e-mail a 'Smoking Gun' in IRS Scandal?

Who knew what about the "Tea Party scandal" and when? Congress continued to dig deeper into the matter last week as it interviewed staffers from the Cincinnati office of the IRS where "rogue" agents allegedly initiated the actions.
Tax

Crime Watch: June 7, 2013

An Alabama woman was sentenced to ten years in prison and ordered to pay $1,198,063 in restitution. Rhashema Deramus and those working for her stole people’s identities and used them to file fraudulent tax returns and obtain tax refunds that were not owed to them.
Tax

IRS Suspends Two Officials for Taking Conference Perks

Following a new report from the Treasury Inspector General for Tax Administration turning the spotlight on a 2010 conference in California, the IRS announced it has placed two of its employees on administrative leave for "inappropriate behavior."
Tax

Tea Party Groups Say IRS Trampled on Rights

According to the testimony of members of six targeted groups given to the House Ways and Means Committee on June 4, the IRS held up applications for tax-exempt status, illegally released donor lists, and generally harassed organization officials.
Tax

Crime Watch: June 3, 2013

Thomas Nelson, formerly the CEO of York County Community Action Corporation (YCCAC), was sentenced May 21 in US District Court by Judge Nancy Torresen to thirty months in prison and thirty-six months of supervised release for conspiracy, embezzlement from a federally funded program, tax evasion, and signing false tax returns.
Tax

IRS Comes Under Fire for Conference Spending

The IRS is expected to face even more heat this week when the TIGTA releases a new report claiming that the nation's tax collection agency spent about $50 million in holding at least 220 conferences for IRS staffers between 2010 and 2012.
Tax

Poor Reviews for IRS Line Dance Video

Once again, the IRS is being forced to do some fancy footwork, now that a video of staffers performing a line dance has raised the ire of Congress. The video, which lasts less than three minutes, depicts IRS workers line dancing to music sounding like "Cupid Shuffle."
Watchdog

Tea Party Groups Target IRS in Lawsuit

The IRS scandal involving applications for tax-exempt status by Tea Party groups refuses to go away. Now the ACLJ has filed a lawsuit on behalf of twenty-five Tea Party and other conservative organizations against the IRS and several of its top officials.
A&A

Ex-KPMG Partner Faces Twenty Years in Prison for Securities Fraud

A former senior audit partner at KPMG LLP agreed to plead guilty on May 28 to a securities fraud charge for his role in an insider trading case involving a Los Angeles jewelry store owner.
Tax

Boy Scouts May Lose Tax Breaks if California Senate Bill Passes

California lawmakers are expected to vote this week on California Senate Bill (SB) 323, which would deny state tax breaks to youth groups that discriminate on the basis of sexual orientation, gender identity, or religious affiliation.
Tax

Mary J. Blige Is Singing the Taxman Blues

She's a nine-time Grammy winner and a phenomenally successful R&B singer. But for reasons that aren't apparent, Mary J. Blige and her husband, Martin Isaacs, are buried in tax and financial troubles.
Tax

Lois Lerner, EO Director, Takes the Fall in IRS Scandal

The "Tea Party scandal" at the IRS has claimed another victim: Lois Lerner, director of the IRS Exempt Organizations (EO) division, has been placed on administrative leave after refusing to resign. Ken Corbin was promptly named the EO acting director.
Tax

Controversy Swirls Around Hearings on IRS Scandal

After the initial round of hearings held by three congressional committees this week, at least we know the IRS wrongfully targeted conservative "tea party" groups applying for tax-exempt status. But precious little else has been revealed.
Tax

IRS Official Lois Lerner Pleads the Fifth before House Oversight Committee

Lois Lerner, director of the IRS Exempt Organizations division, chose to invoke her Fifth Amendment right against self-incrimination before the House Oversight and Government Reform Committee on May 22.
Tax

Crime Watch: May 22, 2013

Michael Parker of Baltimore, Maryland, who was the COO of TransCapital Corporation, a tax-advantaged investments company based in Virginia, was sentenced May 20 to fifty-four months in prison in KPMG tax shelter case.
Tax

Beyoncé's Father and Former Manager under Heavy Tax Debt

Matthew Knowles, music executive, television producer, father, and former manager of Beyoncé Knowles, is into the IRS for more than $1.2 million. The tax debt relates to income earned in 2010 and 2011, the same years he managed his daughter's career.
Tax

Rapper Ja Rule's Tax Evasion Time Served, Mostly

Rapper Ja Rule spent the last nearly two years in prison at Ray Brook Correctional Facility in upstate New York on charges that included illegal gun possession and tax evasion. Now he'll finish his sentence on home confinement.
A&A

LA Jeweler Pleads Guilty in KPMG Insider Trading Case

Los Angeles jewelry store owner Bryan Shaw faces a maximum of five years in prison after he pleaded guilty May 20 for his role in an insider trading case involving a former senior audit partner at KPMG LLP.
Tax

New Orleans Saints Coach Sean Payton Settles Tax Credit Lawsuit

Twenty-seven investors, including Saints coach Sean Payton, wanted to reduce their overall state income tax liabilities by investing in movie production tax credits. But the film studio was defunct, and the tax credits didn't exist.

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