Watchdog

Tax

Crime Watch: January 16, 2013

Masood Chotani, a CPA and tax return preparer, was indicted by a federal grand jury on charges of engaging in a scheme to file false tax returns with the IRS using the names and Social Security numbers of deceased individuals.
Tax

TIGTA to IRS: Get Tough on Noncash Charitable Contributions

TIGTA estimates that more than 273,000 taxpayers claimed about $3.8 billion in potentially erroneous noncash charitable contributions in tax year 2010, which resulted in an estimated $1.1 billion reduction in tax.
Tax

Movie Deal Meets Wire Fraud: IRS to the Rescue?

The movie was supposed to involve Hollywood giants like Kevin Costner, Ron Howard, and James Brooks. It was supposed to be based on the book "A Matter of Time" and make the book's author, Don Kirchner, a fortune.
Tax

Crime Watch: January 9, 2013

A Florida woman – who owned or controlled undeclared foreign financial accounts in excess of $42 million in 2007 and who caused a tax loss to the government of approximately $667,716 – has been ordered to pay a $21 million civil penalty.
Technology

Cyberattacks and Hacktivism – Take Cover!

Cybersecurity experts at Deloitte are warning that when it comes to cyberattacks, it's not a question of "if" but "when." A new study shows 88 percent of technology, media, and telecommunications companies don't think they're vulnerable.
Tax

As 2012 Ends, Celebrities Pay Tax Debts, Sort Of

The Lindsay Lohan story never ends. To recap, 2012 started for her with two IRS liens. For 2009, she owed about $94,000 and for 2010, another $140,000. Next came a series of reports about bad behavior and financial irresponsibility.
Tax

Rapper Fat Joe Takes the Rap with the IRS

Like so many celebrities, the rap star who calls himself Fat Joe got behind on his taxes. But unlike many famous tax deadbeats, he's willing to take responsibility for his own blunder instead of blaming his handlers or lashing out at authorities.
Tax

Gerard Depardieu Just Says No to Supertax

Gerard Depardieu's departure from France may have been premature. As December rolled to a close, the harsh "temporary supertax" that French President Francois Hollandee sought to impose on individuals he calls "the rich" was soundly rejected.
Tax

Crime Watch: December 28, 2012

The Justice Department is seeking to shut down two income tax preparers for falsifying tax returns costing the US Treasury more than $100 million. According to the complaint, they repeatedly prepared tax returns that understated customers' federal tax liabilities.
Tax

Crime Watch: December 19, 2012

Yikes. If convicted on all counts of fraud and for filing false claims for tax refunds, former New Jersey chiropractor David Moleski faces a maximum potential sentence of 318 years in prison.
Tax

From Congress to Prison for Former Politician

Wester Cooley once belonged to the House of Representatives as a congressman from Oregon's second district. That was back in 1995 when he served one term. A lot has happened since then, and most of it hasn't been good.
Watchdog

Scam Uses the AICPA to Target CPAs and Others

It seems nobody is safe from the phishers. The AICPA works hard to keep readers aware of fraudulent e-mails from other sources. They themselves were recently used again in an attempt to hook new victims.
Community News

Accountant Questioned in Newtown Killings

December 14 probably started like any other workday in the life of a young accountant. Ryan Lanza was at his desk when the horrifying news came that a man had burst into Sandy Hook Elementary School and opened fire on children and adults.
Tax

Modern Problems: IRS Computers Show Flaws

In a new report, TIGTA said that the IRS has made strides in developing and implementing significant IT capabilities during the past year, but still needs to make improvements.
Tax

Crime Watch: December 12, 2012

A New Jersey CPA was sentenced to fifty-four months in prison for a $500 billion fraud scheme. In addition to his prison term, he was sentenced to three years of supervised release and ordered to pay $43,582,699 in forfeiture.
Tax

Stephen Baldwin: Arrested for Tax Evasion

Just days ago, New York State tax authorities arrested actor Stephen Baldwin on felony tax evasion charges. Baldwin owes an estimated $350,000 in taxes and penalties, according to Rockland County DA Thomas Zugibe.
Tax

MLB Update: What a Difference a Day Makes Tax Wise

At least one Major League Baseball player has succeeded in getting his next contract signed, sealed, and the ink dried before the 2013 tax hikes are likely to kick in.
Tax

Crime Watch: December 7, 2012

Today's tax crime cases include that of a Florida man, who filed four tax returns requesting over $1.5 million in federal refunds, and is now facing a possible twenty-three-year prison sentence.
Tax

Update: IRS Seizes Lindsay Lohan's Assets

Just when you think a week might pass without Lindsay Lohan in the headlines, she's back. On December 3, the long arm of the IRS reached out and seized her bank accounts for nonpayment of taxes.
Tax

Goodbye Norma Jean, Hello Estate Issues

It's been over half a century since Marilyn Monroe passed away at age thirty-six, but her estate is still involved in tax-related litigation.

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