Watchdog

Tax

What comes first, tax woes or competing on Dancing with the Stars?

Pamela Anderson shares something in common with a few of her fellow celebrity contestants on Dancing with the Stars. At least three others also have made headlines for being in hot water with the tax authorities.
Tax

Operation Brass Tax: Sting nets 26 tax preparers

Some tax preparers will not be celebrating the end of tax season with tropical drinks on sandy beaches. Instead, they might be viewing life from behind bars because of a recent sting operation.
Tax

IRS delays causing increased taxpayer penalties

The Internal Revenue Service should improve the way it deals with balance-due payments from delinquent taxpayers, according to a recent TIGTA report. Unnecessary delays are resulting in extra penalties and interest costs to taxpayers.
Tax

From country to rhythm and blues to rap: tax trouble has no favorite genre

Grammy winning country singer Dwight Yoakam might have new material for a sad, sad song now that the Internal Revenue Service has filed a lien against him for nearly half a million dollars.
Tax

IRS knocks out two boxing legends

Thomas “Hitman” Hearns, who earned more than $40 million in his legendary boxing career, may find himself homeless soon, proving that it’s not just ordinary folks who are dealing with the threat of foreclosure.
A&A

Ernst & Young defends its Lehman work in letter to clients

Ernst & Young defended its audit work for client Lehman Brothers in a letter sent last week by several audit partners to the firm's key clients, and vowed to fight any legal action from regulators or creditors.
Tax

Auditors called on the carpet over Lehman collapse

The controversy surrounding the demise of Lehman Bros. spells trouble for the audit profession as it, once again, finds itself in the spotlight for all the wrong reasons. How was such a large investment bank allowed to collapse?
Tax

Two IRS employees indicted for theft of government money

Two IRS employees in Covington, KY, were charged in a 29-count indictment for stealing thousands of dollars in money orders.
Tax

Massachusetts tax attorney suspended for failing to meet tax filing obligations

Massachusetts Tax Attorney Kevin Kilduff has been barred from practicing before the Internal Revenue Service for 48 months for failing to file a federal tax return, and for filing another five returns late.
Tax

The prince of DC coffee gets a jolt from the king of sales tax

In Washington, D.C., Nick Cho is a local celebrity – at least among the coffee-loving crowd. He was the owner of a popular Capitol Hill hangout called Murky Coffee. Unfortunately for Cho, he’s been gaining fame for a less stimulating reason.
Tax

Florida mayor owes IRS more than $200,000 in back taxes

Florida’s North Bay Village mayor allegedly hasn’t made a mortgage payment in nearly two years, lives in a house on which he had built an illegal second story, and owes the Internal Revenue Service more than $200,000 in back taxes.
Tax

Inmates turn incarceration into profit

At least 50 detainees at the Stock Island Detention Center near Key West, Florida, figured out how to scam the Internal Revenue Service out of $100,000 in bogus tax refunds.
Tax

Sacramento accountant with lavish lifestyle charged with stealing from clients

A prominent Sacramento CPA has been accused of stealing more than $13.3 million from his clients, according to reports.
Tax

The King of Ponzi schemes goes to jail

Allen Stanford is a 59 year-old Texas billionaire - worth about $2.2 billion according to Forbes - with homes in Texas, Florida, St. Croix, and Antigua. He's a golf and cricket promoter. He's a dual citizen of the United States and the nation of Antigua and Barbuda, and he's the first person knighted by Antigua and Barbuda (in 2006). And... he's currently sitting in a Houston jail. Last Thursday, June 18, he surrendered to the FBI and on Friday, he was in court in Richmond, Virginia to face criminal charges in a sealed 21-count indictment.
Tax

"Salt of the Earth" accountant finds prostitution doesn't pay

Last year, Phoenix police shut down a large prostitution ring involving more than 100 prostitutes, some of whom still lived at home with their parents. So far, the participant facing the harshest penalty is the group's accountant, 57-year-old Peter Shifman.When he was arrested last August, Shifman's home and vehicle were also seized. Neighbors in his quiet rural community were stunned, refusing at first to believe the charges.
Tax

Accountant charged with threatening life of prosecutor

Manhattan District Attorney Robert M.
Tax

IRS clerical error... or Senatorial scofflaw? Kerry campaign has tax woes

When Senator John Kerry (D-MA) ran for president in 2004, naturally he had a significant staff helping him. The IRS has taken the position that in the process of hiring and employing these people... the Kerry campaign overlooked one minor detail: They failed to pay payroll taxes on campaign staff. That's why earlier this year in the District of Columbia, the tax agency filed a lien against the campaign in the amount of $819,848. The lien is standard procedure when a tax liability goes unpaid, and is intended as a claim on property to make sure the IRS can collect the debt.
Tax

Another celebrity in the IRS spotlight: Robin Givens

More and more, it seems, celebrities are making themselves at home in the arena of tax troubles. The latest entertainer to spar with the IRS over unpaid taxes is Robin Givens, former wife of heavyweight boxing champion Mike Tyson. The 44-year-old actress is being sued by the U.S. Government for what it says is $292,000 in unpaid federal taxes, interest, and penalties dating back to 1996.
Tax

Wisconsin investment advisor charged with engaging in kickback scheme

The Securities and Exchange Commission has obtained an emergency court order to freeze the assets of an Appleton, WI-based investment adviser charged with engaging in a kickback scheme and other fraudulent conduct involving six unregistered investment pools it managed.The SEC alleges that James Putman, who is the founder, majority owner, and CEO of Wealth Management LLC, and Simone Fevola, who is the firm's former President and Chief Investment Officer, each accepted $1.24 million in undisclosed payments derived from investments made by the unregistered investment pools.
Tax

'Bad guy' tax preparers keep courts busy

Even with government agencies that include the Secret Service and the Tax Division of the Justice Department working with the Internal Revenue Service to identify offenders, there is no shortage in the number of tax preparers accused of engaging in fraud.

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