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Tax Fraud Blotter: Prep perps

Accounting Today

Trifilo worked in compliance for several large accounting and finance firms and recently was managing director at a tax firm where he specialized in transaction structuring and advisory service, tax compliance and tax due diligence. All rights reserved. On the returns he included false deductions, business expenses and dependent information.

Tax
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Tax Fraud Blotter: Getting personal

Accounting Today

For 2015 and 2016, he filed tax returns that stated he owed more than $2 million in taxes for both years but did not fully pay the taxes. In 2017, the IRS sent notices to Tucci that he owed taxes, interest and penalties for 2015 and 2016. All rights reserved. Heaton was also ordered to pay a $95,000 fine and $1,947,906.79

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Tax Fraud Blotter: Sick excuses

Accounting Today

After an IRS audit in 2016 assessed a federal tax debt totaling some $1 million, Archer concealed and transferred assets through two LLCs he controlled and began using third-party bank accounts to evade paying the tax debt. All rights reserved. In March 2019, Archer filed for Chapter 7.

Tax
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Tax Fraud Blotter: Negative waves

Accounting Today

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. All rights reserved. In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect.

Tax
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Top 9 Rossum alternatives for data extraction

Nanonets

Founded in 2016, Rossum has quickly become a major player in the document processing and automation space. Seamless integrations : Connects with major accounting and ERP systems like Quickbooks , Xero , NetSuite , and Sage. Enterprise plan : Custom pricing with dedicated account management, integrations, and personalized solutions.

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The $350M tax evasion case every CPA should know about

Blake Oliver

Meanwhile, he reported less than $1 million in annual income as a mere "consultant" to these companies from 2016 to 2020. Edelman was trying to dodge a unique aspect of US taxation: America taxes global income regardless of where you live.

CPA
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Tax Fraud Blotter: Boundless energy

Accounting Today

During the 2016 through 2022 tax years, Gibson prepared at least 135 returns containing fraudulent information, causing a loss to the IRS of at least $125,197, which Gibson has agreed to pay in restitution. All rights reserved. Gibson initially prepared an appropriate return from which the agent would have owed taxes.

Tax