Accounting Today

JUNE 19, 2025

In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. In response, Whitman formed a trust with his girlfriend as the trustee then directed his income from the business into the trusts bank accounts and used the money to pay personal expenses.

Tax

Accounting Today

JULY 3, 2025

She deposited the refund check into a trust bank account and immediately transferred most of the balance to a separate bank account, both of which she controlled. She and her co-conspirator deposited a second fraudulently obtained $1 million refund check from the IRS, payable to the co-conspirator.

Tax

Cloud Accounting Podcast

JUNE 16, 2020

I wanna talk about neobanks, because Wave launched a bank; Wave accounting software. Accounting apps are becoming banks; banks are becoming accounting apps. In the accounting software package, it was free with a Google AdWords kind of running on the side in the margin. billion in deposits in the Cash App?

QuickBooks