Watchdog

Tax

Tax Preparers Misusing Power of Attorney Forms

Some tax preparers are circumventing standard IRS procedures by using an electronic power of attorney form to obtain tax transcripts, increasing the risk that taxpayer information is being disclosed without proper authorization.
Watchdog

CFO Accused of Murder-for-Hire on His Employer's Dime

Wealthy Texas CFO Frank Howard is accused of embezzling millions from his employer. This comes on the heels of his arrest in late August for allegedly hiring a teenage hit man to kill his wife.
Tax

Chicago Lawyer Helped Wealthy Clients Dodge Taxes

In what is considered the largest tax fraud prosecution in history, a Chicago lawyer, Donna Guerin, has pleaded guilty to helping rich clients evade millions of dollars in taxes.
Tax

Swiss Low-Tax Gig Is Up for Wealthy Foreigners

Rich foreigners have enjoyed favorable tax treatment from Switzerland for a long, long time, causing the country to become a veritable magnet for the wealthy. However, growing opposition is forcing changes.
Tax

POTUS Gets Tax Policy Advice from Lindsay Lohan

President Barack Obama is surrounded by advisers, official and unofficial. Everyone has an opinion. But it's doubtful he expected to be getting tax policy advice from "Mean Girl" actress, twenty-three-year-old Lindsay Lohan.
Watchdog

Business Owner Pleads Guilty to Tax Fraud

A Garden Grove, California, business owner who built small electronic airplane parts for C5 cargo planes and F18 fighters has pleaded guilty to tax fraud.
Tax

Justice Dept Seeks to Shut Down Tax Preparers

Two tax return preparers are being sued by the Department of Justice for filing false deductions and credits, including federal fuel tax credits and education tax credits, on customers' federal tax returns.
Tax

Whistleblower Receives $104 Million from IRS for Exposing UBS

In what is considered the largest whistleblower award issued to a single individual, the IRS has given $104 million to the man who exposed a massive tax fraud by Swiss bank UBS.
Practice

Private Company Sales Growth Down Significantly

The rate of annual sales growth among privately held US companies has slowed significantly, to around 5.4 percent currently from nearly 11 percent in January, according to new data from Sageworks Inc.
Tax

Angel Albert Pujols Living in Tax Hell

Chances are, even greatly higher taxes won't tarnish the halo that comes with a ten-year, $254 million contract to play for the Angels. No matter where he plays, with a salary like that, Albert Pujols will pay the highest rate.
Tax

Two Tax Deadbeat Rappers

Two popular Rap artists, Flavor Flav and Bubba Sparxxx, are in big trouble with the IRS. They both owe big bucks for neglecting to pay their taxes.
Tax

Six Indicted in $1.2 Million Conspiracy

A federal grand jury in Montgomery, Alabama, returned a superseding indictment charging six Alabama women with conspiring to file false tax returns using stolen identities.
Tax

Fifteen-Year Prison Sentence for Tax Fraud

Gino Carlucci was sentenced to 188 months in prison for his role in conspiracies to commit money laundering and to defraud the IRS as well as for filing a false income tax return.
Tax

Tax Return Preparer in Kansas Shut Down

A federal court in Kansas City, Kansas, has permanently barred Ahferom Goitom from preparing federal tax returns for others.
Tax

Tax Refund Fraud to the Tune of $2.8 Million

Larreka Jackson, an Alabama tax preparer, was indicted on twenty-five counts for conspiring to file false tax returns using stolen identities, filing false claims, wire fraud, and aggravated identity theft.
Tax

Husband and Wife Face YEARS in Prison

A married couple has been charged with running a fraudulent advance fee scheme and tax evasion. The twenty-six count indictment seeks forfeiture of at least $3.7 million.
Tax

Nine-Year Prison Sentence for Tax Defier

An Arizona man was sentenced on August 10, 2012, to nine years in prison and ordered to pay fines of $1,021,500.
Tax

Tax Preparer Goes to Jail for Close to Five Years

Texas tax return preparer, Eddye Lovely, was sentenced to fifty-seven months in federal prison for aiding and assisting in the preparation of false tax returns.
Tax

Couple Sentenced for Hiding Millions Offshore

Sean and Nadia Roberts were sentenced July 30 before US District Court Chief Judge Anthony W. Ishii to twelve months and one day in prison for hiding millions of dollars in secret offshore bank accounts.
Tax

Former IRS Worker Admits He Hid Records

On July 31, former IRS employee Richard Andersen pleaded guilty to concealing records for a private business he owned.

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