A woman in Georgia has been indicted for stealing the identities of the most vulnerable - the homeless and the disabled. The second case involves a tax refund scheme of national scope, wherein at least 180 clients from thirty different states were victimized.
At the recent "Analyzing America's Private Companies" summit in New York City, the sales growth, profitability, and significance of private businesses in the United States were among the topics of discussion.
Not only is recording artist Prince in deep with the IRS, but his tax troubles now extend overseas as well. Prince was summoned by the IRS at the request of French authorities to appear before the French tax agency.
A former US Airways pilot, Charles A. Davis, was sentenced to 120 months in prison for committing tax fraud. He was also ordered to serve twelve months of supervised release after his prison term and pay the IRS $538,569.
The Justice Department's Tax Division has issued Directive 144 to further the efforts of the Tax Division and the US Attorneys' offices to respond quickly to the challenges in stolen identity refund fraud cases.
William Scott Dion was sentenced to eighty-four months in prison for conspiring to defraud the United States and for obstructing the IRS. He was also ordered to pay restitution in the amount of $3 million.
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.
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.
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.
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.
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.