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Ohio Insurance Salesman Found Guilty of Tax Charges

05/23/2012 - 16:43 - 155 reads

On May 21, a jury convicted William A. Herder of Ohio on federal tax charges, the Justice Department and IRS announced. Herder was charged with corruptly endeavoring to impair and impede the due administration of IRS laws, tax evasion, and five counts of failure to file tax returns. He was convicted of all counts.

Nurses Rally for a New Wall Street Tax

05/22/2012 - 12:43 - 517 reads

The liquor and tobacco industries are frequent targets of "sin taxes" aimed at drumming up revenue from sources that cater to certain vices. But the latest call for a sin tax is directed at a group that's decidedly more button-down than bootleggers and barkeeps: Wall Street brokers.

Facebook's Saverin: Senators Propose Crackdown on 'Friends with Tax Benefits'

05/22/2012 - 11:20 - 492 reads

Two US Senators are feeling anything but friendly toward Eduardo Saverin, one of the cofounders of the social networking site Facebook. They have proposed new legislation, called the Ex-PATRIOT Act, which would impose a mandatory 30-percent capital gains tax rate for expatriates on all future investment gains.

IRS Issues an Apology to Dionne Warwick after a Tax Blunder in 2009

05/21/2012 - 10:12 - 496 reads

The IRS issued a written apology to Dionne Warwick and has cut more than $1.2 million of its original sum of back taxes that Warwick owes stemming from money she earned back in the 1990s.

Nine Alabama Family Members Indicted for Identity Theft and Tax Fraud

05/18/2012 - 10:09 - 589 reads

Barbara Murry, Douglas Murry, Douglas Murry III, Yolanda Moses, Lee Moses, Veronica Temple, Jeffrey Temple, Almetta Johnson, and Courtney Johnson were charged in an indictment by a federal grand jury in the Middle District of Alabama on a variety of counts stemming from an identity theft and tax fraud scheme.

BSA Study Finds Over Half of Computer Users Admit to Pirating Software

05/17/2012 - 13:20 - 1165 reads

According to the Business Software Alliance's (BSA) ninth annual study - 2011 BSA Global Software Piracy Study - the value of software theft is at an astounding all-time high ‒ $63.4 billion in 2011, up from $58.8 billion in 2010.

Tax Return Preparer Headed to Jail for Close to Eight Years

05/16/2012 - 13:51 - 821 reads

Margaret Kirksey, a resident of Montgomery, Alabama, was sentenced May 8 in the Middle District of Alabama to eighty-one months in federal prison for filing false tax returns using stolen identities, the Justice Department and the IRS announced.

Leaders of Multimillion Dollar Fraud Ring Get 25 Years in Prison

05/14/2012 - 14:58 - 478 reads

identity theft-bank vault-fraud-crime.jpg

Veronica Dale and Alchico Grant, who jointly ran a stolen identity refund fraud ring that attempted to defraud the United States of millions of dollars over several years, were sentenced to federal prison May 8, 2012, the Justice Department and the IRS announced.

Federal Court Shuts Down Texas Tax Return Preparer

05/14/2012 - 09:55 - 452 reads

A federal court in Dallas has permanently barred Joseph Rivas of DeSoto, Texas, from preparing federal tax returns for others, the Justice Department announced May 3.

Virginia Man Sentenced to Thirty-Six Months in Prison for Tax Evasion

05/08/2012 - 01:17 - 504 reads

Richard Jaensch, fifty-four, of Annandale, Virginia, was sentenced April 27, 2012, to thirty-six months in prison by US District Judge Gerald Bruce Lee, the Justice Department, and the IRS.

New York Tax Return Preparer Sentenced for Tax Fraud

05/04/2012 - 11:26 - 1244 reads

New York Tax Preparer Sentenced for Tax Fraud Howard Levine, owner of a Dix Hill, New York, tax preparation business, was sentenced to thirty-seven months in prison for tax crimes, the Justice Department and IRS announced April 26, 2012. Levine was also ordered to pay $320,998 in restitution to the IRS.

Massachusetts Man in Prison for Filing False Tax Returns

05/02/2012 - 13:25 - 1010 reads

Kevin P. Mahoney of Massachusetts was sentenced April 24 to sixty months in prison following trial convictions on corruptly endeavoring to obstruct the administration of the Internal Revenue laws, filing false tax returns with the IRS, and criminal contempt of court, the Justice Department and the IRS announced.

Insurance Salesman Plead Guilty to Failing to File Income Tax Returns

05/01/2012 - 12:52 - 866 reads

Thomas Mitchell of Mansfield, Ohio, pleaded guilty before United States District Judge George J. Limbert of the Northern District of Ohio to criminal information charging him with willfully failing to file an income tax return with the IRS, the Justice Department and the IRS announced April 16, 2012.

Florida Tax Preparer Pled Guilty to Wire Fraud and Identity Theft

04/30/2012 - 13:05 - 733 reads

Magnifying_Glass,Fraud,Sneak,Spy,Fingerprint

Ernst Pierre, a Port St. Lucie, Florida, tax preparer, pleaded guilty on April 24, 2012, to wire fraud and aggravated identity theft, the Justice Department and IRS announced. Pierre was charged with a scheme to file false federal income tax returns using stolen identity information.

Return Preparer Charged ‒ Preparing False Tax Returns for Drug Dealers

04/27/2012 - 15:59 - 931 reads

Rebecca Renae Powell, a resident of Wasilla, Alaska, has been charged with six counts of preparing false income tax returns for several clients whose primary source of income was from the sale of illegal narcotics.

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Voice of the Editor

There are upsides and downsides to attending accounting conferences. One upside is the opportunity to immerse yourself in education and learn about the latest trends and tools that can help you in your profession. Another benefit is the chance to fulfil your requirement for annual CPE credits, and yet another is to interact with peers and find out how others in your profession do their jobs and relate to their clients. There are downsides as well.
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Gail Perry, CPA
Editor-in-Chief, AccountingWEB
editor@accountingweb.com

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