Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
May 30, 2014
Unlicensed Florida Tax Preparer Pleads Guilty in $22 Million Tax Fraud
An income tax preparer in the Miami, Florida suburb of Plantation has pleaded guilty to filing $22 million in false refund claims with the federal government.
May 30, 2014
Oregon Woman Charged with 173 Counts of Filing Bogus Tax Returns, $1 Million in Refunds
Internal Revenue Service investigators have charged a Northeast Portland woman of filing as many as 173 fraudulent tax returns claiming more than a $1 million in refunds.
May 27, 2014
Summertime Tax Tip #6: Climb Over Tax Obstacles for Business Vehicles
Congress keeps threatening to close some of the long-standing loopholes in the tax law. But one key tax break for business people has remained on the books despite numerous efforts to repeal it. It’s the special tax provision for certain heavy-duty vehicles.
May 27, 2014
IRS Nixes “Pump-and-Dump” Obamacare Strategy
Employers can’t get around the Obamacare “shared responsibility” provision simply by giving employees tax-free cash to pay for health insurance from a state-run exchange. In effect, this would pump up a worker’s pay and dump them in the marketplace. According to a new question and answer (Q&A) posted on the IRS website, as initially reported…
May 22, 2014
150,000 Taxpayers Used New IRS Online Payment System
The Internal Revenue Service says that more than 150,000 taxpayers used its new web-based system IRS Direct Pay to pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration.
May 21, 2014
IRS Names New Members of Tax Exempt Advisory Committee
The Internal Revenue Service has announced that its Advisory Committee on Tax Exempt and Government Entities (ACT) will hold a public meeting on June 11, when the panel will submit its annual reports and recommendations to senior IRS executives. Ten newly appointed members of the panel (listed below) will also be introduced at the public…
May 21, 2014
AICPA Says IRS Voluntary Preparer Regulation System Doesn’t Protect Taxpayers
The nation's largest professional association for accounting professionals, the American Institute of CPAs (AICPA), has come out opposed to the new voluntary tax return preparer regulation program that the Internal Revenue Service (IRS) is planning.
May 20, 2014
Thomson Reuters Offers Solution to Help Firms Market Healthcare Reform Services
As trusted financial advisors to millions of Americans and businesses, accounting firms are uniquely positioned to provide their clients with information and services regarding the Affordable Care Act. Thomson Reuters is offering a new solution to help firms market their expertise to clients and has released a tax act overview and monthly client marketing newsletter…
May 18, 2014
IRS Gives Up On Tax Preparer Licensing, RTRP Lawsuit
For many years, states and local governments have been trying to rein in unlicensed income tax preparers, and the Internal Revenue Service joined a few years ago with the idea of a national testing and regulatory system that the agency would oversee. So, it created one.
May 18, 2014
Summertime Tax Tip #4: Harvest a Bumper Crop of Tax Breaks
For many farmers, harvest time comes at the end of the summer. The same thing is true for your clients who are active traders in the stock market. But you must caution them that the tax landscape has changed in recent years.
May 13, 2014
IRS Still Improperly Handling EITC Payments
The Earned Income Tax Credit (EITC) is one of the most widely-used credits by U.S. taxpayers, it's also often mis-used and even thought the Internal Revenue Service has been scolded for its poor management of the EITC, the agency is still lacking.
May 13, 2014
Summertime Tax Tip #3: Tax Credits for Summer Camp
Are your clients making plans to send their kids off to camp this summer? Depending on the arrangements, they may be entitled to claim a healthy tax credit – the dependent care credit (also known as the “child care credit” ) – for the daily expenses. However, there are no tax benefits available for overnight…