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Tax

New Survey of Workplace Ethics Shows Surprising Results

Findings from a survey of ethics in the workplace may portend a future downward shift in business ethics. The percentage of companies with a weak ethical culture is on the rise, as is the number of employees who experienced retaliation for blowing the whistle on observed misconduct.
Tax

Pennsylvania Tax Defier Sentenced to More Than Six Years in Prison

Troy Beam of Pennsylvania was sentenced April 10 to 74 months in prison by US District Judge Christopher C. Conner, the Justice Department, and the IRS. On May 4, 2011, Beam was convicted of tax evasion, obstructing and impeding the due administration of the IRS laws, and willful failure to file federal income tax returns.
Tax

Groundbreaking Tax Fraud Lawsuit against Sprint for over $300 Million

On April 19, Attorney General Eric T. Schneiderman filed a lawsuit against Sprint-Nextel for deliberately under-collecting and underpaying millions of dollars in New York state and local sales taxes on flat-rate access charges for wireless calling plans. Also on April 19, Sprint Nextel responded to the allegations.
Tax

DC Tax Return Preparer Indicted for Preparing False Tax Returns

A federal grand jury in the District of Columbia returned an indictment charging Enyinnaya Udo with twenty-five counts of aiding and assisting in the preparation of false income tax returns, the Justice Department and the IRS announced April 6.
Tax

Lionel Richie Sings a Different Tax Tune

Lionel Richie, the legendary singer who rose to fame with the Commodores and then carved out a highly successful solo career, has been slapped with a tax lien of $1.1 million by the IRS for unpaid income taxes attributable to the 2010 tax year.
Tax

Woman Used Stolen Identities and Debit Cards to Obtain Tax Refunds

On April 17, 2012, the Justice Department, US Attorney George L. Beck Jr., and the IRS announced that federal grand jury in Montgomery returned an indictment on March 28, 2012, charging Antoinette Djonret for using stolen identities to file false tax returns.
Tax

Skier Lindsey Vonn's Tax Problems Snowball

Renowned skier Lindsey Vonn wasn't able to clear one hurdle that all taxpayers face. According to a news report, Vonn owes more than $1.7 million in taxes from 2010, a staggering total.
Tax

NH and MA Residents Convicted for Promoting/Using Tax Defier Schemes

A federal jury in Worcester, MA, convicted William Scott Dion and Catherine Floyd, both of Sanbornville, NH, and Charles Adams of Norwood, MA, for conspiracies to defraud the United States through the promotion and use of multiple tax fraud schemes, the Justice Department and the IRS announced on April 2.
Tax

California Dreamin': Taxes Gone Wild!

According to a new report, former Baywatch star and Playboy icon Pamela Anderson owes the state of California over a half million dollars in back taxes. Another prominent state tax scofflaw is Joe Francis, founder of the "Girls Gone Wild" videos, who is on the hook for more than three quarters of a million dollars.
Election 2012

Obama and Biden Release Tax Returns – Are They Fair?

The two top executives in the US government – President Obama and Vice President Biden – released their 2011 federal tax returns this past week. The Obama's return resulted in an effective tax rate slightly higher than 20 percent. For the Biden, the effective tax rate was more than 23 percent.
Tax

Woman Indicted for Using Stolen Identities to File False Tax Returns

A federal grand jury in Montgomery, Alabama, returned an indictment charging Jacqueline Slaton for using stolen identities to file false tax returns, the Justice Department, US Attorney George L. Beck Jr., and the IRS announced on April 5.
Tax

Alabama Woman Indicted for Tax Fraud

A federal grand jury in Montgomery, Alabama, returned an indictment on March 28, 2012, charging Wanda Davis with filing false federal income tax returns, the Justice Department and the IRS announced on April 2, 2012. The indictment was unsealed April 2 following Davis's initial appearance.
Tax

Michigan Man Arrested on Tax Charges

Steven Kern of Marine City, Michigan, has been arrested on eight counts of failing to file his individual tax returns and eight counts of filing false corporate tax returns.
Tax

TIGTA Report: IRS Computer Security Center Effective, Could Be Better

The CSIRC, which is responsible for monitoring the IRS network for cyber attacks and computer vulnerabilities, "is effectively performing most of its responsibilities for preventing, detecting, and responding to computer security incidents," according to a new report publicly released by TIGTA.
Tax

Two Tax Evasion Cases Loom over Lohan as Other Legal Issues Fade Away

According to documents filed at the Los Angeles County Recorder’s Office on February 13, 2012, Lindsay Lohan never paid her federal income taxes for 2010, totaling $140,203.30. The IRS made its assessment of Lohan’s latest failure to pay on September 19, 2011. This is in addition to the $93,701.57 she still owes for 2009.
Tax

Will the Courts Uphold IRS Efforts to License Tax Preparers?

The IRS is confident that its initiatives to increase regulation of tax preparers will be found legal, despite challenges from opponents. Last week, IRS Commissioner Doug Shulman, said the new requirements were being implemented carefully and would "help smoke out unscrupulous preparers."
Tax

TaxMasters and CEO Cox Ordered to Pay Penalty of $195 Million

TaxMasters and its CEO Patrick Cox had been accused of defrauding consumers by promising that the firm could walk clients through audits, settle tax disputes, and recover property seized by the IRS. In 2010, Texas Attorney General Greg Abbott filed a lawsuit stating that some of the company's claims were false.
Tax

Illinois Federal Court Shuts Down "Employee Benefit Plan" Tax Scheme

On March 6, the Justice Department announced that a federal court permanently barred Tracy L. Sunderlage, Linda Sunderlage, and four companies from operating an alleged scheme to help high-income individuals attempt to avoid income taxes by funneling money through purported employee benefit plans.
Tax

Alabama Woman Gets Sixty-One Months for Identity Theft and Tax Fraud

On March 13, the Justice Department and the IRS announced that Melinda Clayton of Montgomery, Alabama, was sentenced to sixty-one months in prison. Clayton plead guilty to conspiracy to make false claims, wire fraud, and aggravated identity theft. She was also ordered to pay $494,424 in restitution.
A&A

Update: Health Care Law under the Microscope

On March 30, the US Supreme Court held closed-door deliberations on President Obama's health care overhaul law. It is likely they cast their preliminary votes on how they will eventually rule. As the Supreme Court is known for keeping its secrets, no leaks are expected before formal opinions are written and announced from the bench. This is not expected until late June.

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