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Tax Fraud Blotter: Sick excuses

Accounting Today

Alvarez did not have a PTIN and admitted that in 2019 and 2020 she misrepresented taxpayers eligibility for education credits and deducted fictitious business expenses from their taxable income to reduce tax liabilities and inflate refunds. in employment taxes to the IRS for two employees of his accounting businesses.

Tax
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Tax Fraud Blotter: Who ya gonna call?

Accounting Today

From November 2020 to April 2022, Gregory made false claims to the IRS for the payment of nearly $65.3 For 2015 through 2020, he prepared and filed at least 54 false returns for clients. million in refunds for the purported farming-and-transportation company Elijah USA Farm Holdings. Her conduct cost the IRS more than $300,000.

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Tax Fraud Blotter: Off to the races

Accounting Today

Gajwani was advised by an accountant and attorney to convert his company to an S corp to take advantage of the Puerto Rico exemption. In January 2020, Gajwani submitted a false document to the IRS that claimed that the company had intended to convert as of Jan. He was also advised by an attorney that built-in gains for U.S.

Tax
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M&A roundup: LMC, Sorren and Alpine Mar expand

Accounting Today

The firm also reported it has achieved an average annual revenue growth rate of 220% year over year since it was founded in 2020 and now has 17 U.S.-based They want more than a traditional accounting firm — they also want real insights, proactive guidance and strategic support at every stage of growth. based employees.

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Auditors with unusual names deviated from rules, study finds

Accounting Today

They analyzed filings from nearly 3,000 public companies from 2016-2020. By Michael Cohn 5h ago Tax Trump's tax bill offers planning opportunities Tax clients are already starting to ask their accountants about the many changes in the massive One Big Beautiful Bill Act passed by Congress last week.

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On the move: KPMG elects next Americas chair

Accounting Today

NEW YORK Will Williams Will Williams was elected the next chair of KPMGs Americas region, beginning July 1 and succeeding Paul Knopp, who has held the position since 2020. management committee since 2020. Williams has served as vice chair – operations for the U.S. firm and as a member of the U.S.

CPA
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On the move: REDW appoints first OKC principal-in-charge

Accounting Today

Danielle Lee Managing Editor, Accounting Today mailto linkedin Practice management Career moves EY MORE FROM ACCOUNTING TODAY Audit PCAOB sanctions three firms The Public Company Accounting Oversight Board today sanctioned Goldman & Company, CPAs, Raymond Chabot Grant Thornton, and PWR CPAs.