Watchdog

Tax

Wyly boys: Brothers with a golden touch, in trouble together

If the U.S. Securities and Exchange Commission is correct, billionaire brothers Samuel E. Wyly and Charles J. Wyly Jr. have more than savvy investing and brilliant business minds to thank for their wealth.
Tax

Khloe Kardashian, Wyclef Jean, Lena Olin share tax authorities' spotlight

Khloe Kardashian is a star in Hollywood, but with tax authorities…not so much. On July 28th the California Franchise Tax Board filed a tax lien against Kardashian in the amount of nearly $18,500 relating to income from 2007.
Tax

Rapper's home raided at gunpoint by IRS agents

Rapper Young Buck was visited by shotgun-wielding IRS agents who were attempting to recover approximately $300,000 in tax debt. The entertainer blames his accountants, attorneys, and managers.
Tax

SEC charges former Deloitte partner, son with insider trading

The U.S. Securities and Exchange Commission last week charged a former Deloitte and Touche LLP partner and his son with insider trading in the securities of several of the firm's audit clients.
Tax

Rep. Charles Rangel saga continues

The future is not looking bright for Rep Charles B. Rangel (D-N.Y.). The chief tax writer has been fighting a variety of ethics charges for quite a while.
Tax

Chris Tucker, Rob Lowe do battle with taxman

Right about now, 'Rush Hour' star Chris Tucker might be feeling a bit of a squeeze in the form of a federal tax bill for nearly $12 million. And, chances are, he’s still reeling from last year’s pinch from Arnold Schwarzenegger, which seems small in comparison.
Tax

Three famous tax cheaters take issue with the authorities

AccountingWEB appears to be developing a rogues gallery of taxation ne'er-do-wells as the same celebrities continue to make headlines. Wesley Snipes, Conrad Black, Lil Wayne, and Suge Knight are, once again, in the news.
Tax

Is Bond, James Bond a cheat, tax cheat?

After years of playing secret service agent James Bond in the movies, Sean Connery might be on the wrong side of the law. The latest worry for 79-year-old Connery and his wife is a tax fraud investigation involving the sale of their land in Spain.
A&A

Dell shareholders to consider SEC settlement

Dell Inc. appears to be closer to an agreement with the U.S. Securities and Exchange Commission, which has been investigating the computer maker and its founder over questionable arrangements with Intel.
Tax

Justice Department shows no compassion for church's alleged tax shenanigans

The U.S. Department of Justice has asked a federal court to permanently bar Kevin Hartshorn from promoting an allegedly false church-based tax fraud scheme.
A&A

Former Arizona congressman's accountant convicted of embezzling insurance premiums

Dwayne Lequire was found guilty by a federal jury in Tucson, Arizona, last week of eight counts of embezzling insurance premiums and one count of conspiracy.
Tax

Accounting errors, fraud are common problems for small businesses

Experts say the difference between errors and fraud is a question of intent. When it’s your money, does it really matter?
Tax

After the convictions: Wesley Snipes, Richard Hatch, Method Man

In 2009, rapper Method Man, whose real name is Clifford Smith, was arrested on felony tax evasion charges, accused of not filing tax returns for 2004 through 2007. His defense was pretty self-incriminating.
Tax

Report: Taxpayer data might be at risk

Taxpayers’ personal data is vulnerable to disclosure because the Internal Revenue Service is failing to track all the contractors that store and process the information, and the agency is not fixing previously identified security weaknesses fast enough.
A&A

Sex, lies, and accounting fraud

When Sam Antar was cooking the books for his company, he used a number of complicated accounting tricks to dupe auditors. But some tactics were simple.
Tax

Celebrity chef violates “clean hands” rule

Roberto Donna is a celebrity chef in the Washington, D.C. area, having won a James Beard Award in 1996 for his legendary restaurant, Galileo. He is looking to reopen Galileo in a new location, but authorities are telling him, "Not so fast." He can’t pass the clean-hands test.
Tax

Game, set, match to the IRS

Just before the start of this year’s French Open Tournament, news spread that Murphy Jensen, a doubles champion from the 1993 French Open, was neck deep in hot water with the Internal Revenue Service and two state tax agencies.
Technology

Social media under the microscope

Has social media run amok, converting our personal information into a commodity?
Tax

Fraud continues to plague homebuyer program

Iron bars might keep prisoners from physically picking our pockets. But that’s not enough to keep them – and others – from stealing millions in taxpayer money through fraudulent first-time homebuyer tax credits.
Tax

Collecting unpaid taxes four pennies at a time

Aaron Zeff is the owner of Harv’s Metro Car Wash in Sacramento, California. Imagine his surprise when, one day last March, federal agents showed up at his business demanding payment of an amount owed from tax year 2006. Just how much did Zeff need to cough up? Four pennies.

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