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Tax Fraud Blotter: Prep perps

Accounting Today

CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. He also filed false returns for himself for tax years 2017 through 2019, failing to fully report his income. Sirleaf caused a tax loss to the IRS of $219,622.

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Tax Fraud Blotter: Boundless energy

Accounting Today

For every quarter from 2017 through the second quarter of 2021, the two withheld employment taxes from employees wages but did not pay them over or report them to the IRS. From the second quarter of 2017 through the fourth quarter of 2020, he collected but did not pay over or report similar taxes to the IRS. million.

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Supreme Court suggests support for 2017 tax on foreign earnings

Accounting Today

Key justices suggested the tax, which aimed to collect hundreds of billions of dollars on a one-time basis, wasn't fundamentally different from other levies imposed by Congress over the years.

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Supreme Court upholds US tax on foreign business income

Accounting Today

Supreme Court upheld a 2017 tax on American-owned businesses' foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.

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NYC seeks millions from Silicon Valley Bank for taxes

Accounting Today

The city cites corporation business tax "deficiencies" for 2017 through 2021 and is also seeking interest and penalties from the failed bank.

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Airbnb to pay €576M to settle Italian tax claim

Accounting Today

Italy's finance police had claimed that the company failed to pay taxes on about €3.7 billion of rental revenue and claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021.

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Everything you need to know about raising carbon tax in Alberta and BC

Acton Accounting & Bookkeeping

Bill 20 has introduced a $20 per tonne carbon levy commencing January 1st, 2017. Ø Tax Rebate: Amendments in the Corporate Tax Act will help small businesses, adjust to the carbon price. From 2017, single adults will receive cheques of up to $200 and couples $300 per year, depending on their income.

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