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Tax Fraud Blotter: Negative waves

Accounting Today

million in checks payable to his chiropractic practice at a check cashing business rather than depositing them into the practices bank account; he also deposited checks and e-payments into his personal bank accounts. Unknown to these beneficiaries, Mannion directed the benefits into her personal accounts.

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Mississippi, Texas storm victims get tax relief

Accounting Today

It also applies to 2024 contributions to IRAs and health savings accounts for eligible taxpayers and to estimated tax payments normally due on April 15, June 16 and Sept. Penalties on payroll and excise tax deposits due on or after March 14 and before April 10 in Mississippi will be abated as long as the tax deposits were made by April 10.

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The state of the 'Big Beautiful Bill' and more

Accounting Today

The one thing that does not appear on the K one is if the estate or trust made federal tax deposits, so the 10 41 has to be filed showing that estimated taxes were paid. Now in the final year of the return, all the income goes to the beneficiaries, but that also includes if there are any unused capital losses. That also appears on the K one.

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Tax Fraud Blotter: Who ya gonna call?

Accounting Today

Gregory knew that Elijah Farm employed nobody and paid wages to no one and had not made federal tax deposits to the IRS in the amounts stated on his return. By Jeff Stimpson July 10, 2025, 6:14 p.m. From November 2020 to April 2022, Gregory made false claims to the IRS for the payment of nearly $65.3 million on personal expenses.

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Tech News: Prager Metis teams with Kearns Technology

Accounting Today

Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. and EU, with Canadian support on the way Foxit releases AI-Powered Research Agent Alexandr Vasilyev - stock.adobe.

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After 'successful' season, new IRS problems loom: TAS

Accounting Today

Refunds averaged $2,942; slightly more than 81 million refunds were issued via direct deposit. Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.

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Texas flooding, weather victims get tax relief

Accounting Today

If an affected taxpayer that has an original filing, payment or deposit due date that falls within the postponement period receives a late filing or late payment penalty notice from the IRS, the taxpayer should call the number on the notice to have the penalty abated.

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