article thumbnail

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. Bui earned substantial income for his role in the scheme.

Tax
article thumbnail

Tax Fraud Blotter: Negative waves

Accounting Today

Between 2002 and 2018, he generated millions of dollars in gross receipts sales. In 2018, 2019 and 2020, Lee cashed more than $1.4 Orlando, Florida: Medical equipment manufacturer Roger Whitman, 76, has been sentenced today to two months in prison for evading nearly $2.4 million in taxes on income he earned from his business.

Tax
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tax Fraud Blotter: Prep perps

Accounting Today

For 2018 through 2022, Rhew willfully failed to report nearly $9 million in income to the IRS. Instead of investing victims funds, Rhew used the money on personal expenses, including the purchases of a boat, a beach house and luxury cars, and to make "interest" and "withdrawal" payments to other victim-investors.

Tax
article thumbnail

Tax Fraud Blotter: Getting personal

Accounting Today

From the fourth quarter of 2018 through the fourth quarter of 2020, she collected and withheld taxes from her employees wages but did not pay the funds over to the IRS or file quarterly payroll tax returns. which provided tree removal and landscaping services to customers and had some 50 to 75 employees each year.

Tax
article thumbnail

Tax Fraud Blotter: Boundless energy

Accounting Today

To inflate refunds, during tax years 2018 to 2020 he prepared at least 146 returns for clients that falsely offset tax liabilities or claimed reimbursable credits for alleged expenditures on wind turbines, solar panels or other energy improvements.

Tax
article thumbnail

From CPA to Software Entrepreneur: How Ben Taylor Launched SoftLedger

Jetpack Workflow

The complexity of building accounting software cannot be overstated. As Ben pointed out, creating a robust general ledger system necessitates a deep understanding of both accounting principles and software development. Frustrated with the inefficiencies of existing accounting software, he envisioned a better solution.

CPA
article thumbnail

Tax Fraud Blotter: Who ya gonna call?

Accounting Today

Between March 2018 and December 2022, Buresh did not pay federal employment taxes withheld from employees paychecks. He was notified of employment taxes due, accounted for such taxes, had sufficient funds to pay them but chose not to pay. Buresh owned and operated CR Cable Construction, which installed underground utility lines.

Tax