January 31, 2013
Forensic accounting detects $100k embezzlement: Charges filed
The former manager of a Richland Township, Pennsylvania, business was ordered to stand trial on charges that he embezzled more than $100,000 during a five-year period.
January 31, 2013
H&R Block loses court case to get TurboTax ads blocked in Missouri
Earlier this week, the U.S. District Court for the Western District of Missouri denied an attempt by tax preparation chain H&R Block to stop Intuit from continuing to air two TV commercials for TurboTax.
January 30, 2013
Florida woman faces potential 351 years in prison for tax fraud
A Fort Lauderdale, Florida, woman was convicted of heading an identity theft tax fraud scheme that netted $11 million in federal tax refunds and involved the filing of approximately 2,000 fraudulent tax returns, federal prosecutors said.
January 30, 2013
Five W-2 tips for wage earners
Verify, check and review. With tax season getting underway, the American Payroll Association has offered a few tips to help wage earners "get the most from their Form W-2."
January 30, 2013
The “Gifting Table” case: Tax expert testifies in Connecticut trial
Mary Jo Walker said she was "intrigued" by her long-time friend's invitation to join a women's group that offered shoulders to lean on and a way to make $40,000.
January 30, 2013
Maryland bookkeeper guilty of $150K embezzlement, tax fraud
A Maryland bookkeeper was sentenced to more than a year in prison for embezzling from a client and not reporting income on her personal tax returns. The federal charges also included interstate transportation of stolen money.
January 30, 2013
Pennsylvania political insider charged with underreporting business and personal income
A childhood friend and business partner of Democratic State Rep. William F. Keller whose Philadelphia sporting goods shop sold campaign T-shirts, hats, and other products to local and national politicians was indicted Tuesday on federal charges that he underreported his business receipts and personal income by nearly $500,000 over four years.
January 30, 2013
IRS: If claiming education tax credit, wait until mid-February
Filing starts today, Jan. 30, 2013, but many taxpayers will have to wait a few weeks longer.
January 30, 2013
Chicago accountants, brothers, get prison for $5M sales tax scam
Two Chicago-area accountants were sentenced Friday to two years of probation each after pleading guilty to helping eight gas station owners underreport their sales to avoid paying more than $5 million in sales taxes.
January 29, 2013
Bar owner charged with tax evasion & fraudulent wage reporting
The charges claim that between January 1, 2006 and April 15, 2007, he spent more than $533,000 on "personal expenses" on a credit card, but only had reported income of $188,000.
January 28, 2013
Ohio CPAs to prepare tax returns free of charge for deployed troops
Operation CPA eases the burden on military families during tax season
January 28, 2013
4 Specialty Tax Tools That Help Fill Niche Needs
The good news is that Congress finally passed tax and budget legislation on the first day of the year. While the deal seems to have left people on both sides of the political aisle less than satisfied, at least tax professionals and taxpayers now know what they rules will be for TY 2013. That may...…