by Terri Eyden on Dec 27, 2013
A sixty-three-count superseding indictment in a conspiracy to defraud the IRS was unsealed December 23. The indictment alleges that Primetime Tax Services Inc. was a tax return preparation business with three storefronts in the Minneapolis area.
by Terri Eyden on Dec 20, 2013
A San Jose, California, woman was convicted December 18 of a federal fraud charge for running a Ponzi scheme that bilked more than 250 victims out of approximately $9.5 million.
by Teresa Ambord on Dec 18, 2013
It's official. New York Yankee Robinson Cano will soon switch coasts as a result of the contract that he signed with the Seattle Mariners. Both teams wanted the five-time All-Star second baseman, and both made nice offers.
The name Bernard Madoff has become synonymous with investment scams after his firm defrauded investors of $20 billion in investments and $47 billion in fake profit his clients believed they had.
Rathana Ung, the former director and officer of Lim's Income Tax and Lim's Tax, Inc., was sentenced to twelve months and a day imprisonment, one year of supervised release, and ordered to pay $103,736 in restitution to the IRS.
Boxer Manny Pacquiao had enough troubles holding off the tax authorities in his Filipino homeland. The BIR of the Republic of Philippines said he owed an enormous tax bill relating to income he earned fighting US matches in 2008 and 2009.
by Terri Eyden on Dec 09, 2013
The fourth quarter "AICPA Business and Industry US Economic Outlook Survey" reveals business executives view the economic prospects for the coming year through a split screen.
Mark Parisi wasn't kidding when he said he would give a testicle to own a shiny new car. That is, for donating his testicle, he expects to receive a "standard fee" of $35,000 with which he plans to buy a car. He just wanted to know if the transaction was taxable.
Here are "Bramwell's Lunch Beat" menu items for December 6.
Gary Mach was sentenced to sixteen months in prison, two months of house arrest, and eighteen months of probation and ordered to pay $270,725 in restitution to the IRS after previously pleading guilty to conspiracy to defraud the United States.
by Terri Eyden on Dec 03, 2013
As professional athletes' salaries continue to escalate, several revenue-strapped states seem to be looking to the athletes for a solution. Two NFL players are crying foul and taking one major city to court.
by Terri Eyden on Dec 02, 2013
Welcome to our first installment of "Bramwell's Lunch Beat." Each weekday around lunchtime, I'll provide you, the accounting and finance professional, with some bite-sized summaries and links to news articles that may be of interest.
by Terri Eyden on Nov 23, 2013
The high-profile committee investigating the Tea Party scandal engulfing the IRS is continuing its efforts to find a "smoking gun." But Treasury officials aren't moving as fast as some Republicans would like.
by Terri Eyden on Nov 20, 2013
It's been revealed that the supervisor in the Cincinnati office accused of wrongdoings by Lois Lerner, former head of the IRS Exempt Organizations (EO) division, took umbrage when the finger was pointed her way.
by Terri Eyden on Nov 19, 2013
The name Bernie Madoff probably rings a bell. It has also been known to set off a few whistles and sirens. His well-publicized crime masterminded the biggest Ponzi scheme ever recorded.