Watchdog

Practice

Management example, peer pressures bring benefits

Research studies from the Ethics Resource Center examine how a strong ethical culture and effective tone at the top permeate through all levels of an organization, while a study by the Association of Certified Fraud Examiners emphasizes the importance of an anonymous hotline for the reporting of misdeeds.
Tax

UPDATE: Actor, tax evader Wesley Snipes faces accusation of stalking

More than a month after Wesley Snipes lost his bid for a new tax trial, his name continues to appear in court documents and news headlines. Most recently, a New York woman has accused him of stalking her as a way to resolve his tax woes.
Tax

Crocodile Dundee's Paul Hogan feels the bite of the tax man

Crocodile Dundee star Paul Hogan owes tax on AU $37.6 million (approximately $34 million U.S.) of undeclared income, according to the Australian Tax Office, which temporarily banned him from leaving the continent until he agreed to pay up.
Tax

Rapper Young Buck working on a deal with the IRS

Just a few weeks ago, rap star Young Buck (nee David Darnell Brown) made headlines of a dubious nature. That’s when Internal Revenue Service agents raided his home at gunpoint.
A&A

AICPA contracts NACVA to develop course for CPA forensic credential exam

The American Institute of Certified Public Accountants has engaged the National Association of Certified Valuation Analysts to develop a course to help CPAs prepare for the qualifying exam for the Certified in Financial Forensics credential.
Tax

IRS expected to drop UBS lawsuit

Officials with the Internal Revenue Service last week said that the agency would drop its civil lawsuit against UBS following assurances from the Swiss government that it was in the process of delivering information on thousands of American clients suspected of using UBS accounts to evade U.S. taxes.
Tax

Convictions upheld, fine reduced in KPMG tax shelter case

A $6 million fine levied against former KPMG LLP senior manager John Larson for selling illegal tax shelters was reduced by half last week by a U.S. appeals court.
Tax

'Tax Lady' Roni Deutch: Charlatan or political target

You’ve probably seen the hard-hitting advertisements from Roni Deutch advising taxpayers who owe federal taxes to let her help them fight the Internal Revenue Service. Now, California Attorney General Jerry Brown is fighting her.
Tax

'Who’s the IRS?' Spanish former day trader about to find out

When Marcos Esparza Bofill got a tax bill from the Internal Revenue Service for more than $172 million, he asked a friend, “Who’s the IRS?” He’d spent more than a year working as a day trader in New York. Yet, he never heard about a little ritual we call: paying income tax.
Tax

One IRS attacker goes to prison, others under investigation

Frustration with the Internal Revenue Service is nothing new. But in recent months, acts of violence and inappropriate treatment of agents are escalating.
Tax

Detroit Pistons ownership says tax lien is a mistake

Detroit Pistons parent company Palace Sports & Entertainment was hit last month with a lien for unpaid state taxes that company officials said “fell through the cracks.” Combined with an earlier federal lien, it now appears to owe nearly $280,000.
Tax

Supermodel Naomi Campbell making headlines again

Supermodel Naomi Campbell cannot keep her name out of the headlines – mostly for reasons that are far from enviable. The latest news is that she owes the Internal Revenue Service more than $63,000.
Tax

Justice Department shuts down tax return preparer, seeks to shutter another

A federal district judge in Atlanta has permanently barred Saloum A. Njie and his company, MIAAS Associates LLC, from preparing federal tax returns for others.
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.

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