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Tax Fraud Blotter: Negative waves

Accounting Today

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

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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. In Texas, penalties on payroll and excise tax deposits due on or after March 26 and before April 10 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

Dan Hood (00:03): Welcome to On the Air with Accounting Today. Its got a host of tax provisions and some other provisions that could affect their profession in it as well. All rights reserved. Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors.

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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. All rights reserved. Between 2017 and 2022, Buresh withdrew $2.9

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Tax Fraud Blotter: Hard lessons

Accounting Today

In 2018 and 2019, he paid $150,000 from HBCs bank account to a third party on behalf of the former president of the union. income tax returns and falsely reported that the $150,000 payment was for legal fees. All rights reserved. Ostermann then prepared HBCs U.S.

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Tech News: Prager Metis teams with Kearns Technology

Accounting Today

Ledgre announces 'Ledgy' tax assistant for rental property owners andia-faith/andiafaith - stock.adobe.com Ledgre , an AI-driven accounting platform built for landlords and real estate investors, announced the rollout of Ledgy, a new AI tax assistant that supports the tax and bookkeeping experience for rental property owners.

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

Accounting Today

The service received nearly 141 million individual income tax returns and processed about 138 million this tax season, according to the National Taxpayer Service "Objectives Report to Congress" for Fiscal 2026. Refunds averaged $2,942; slightly more than 81 million refunds were issued via direct deposit. All rights reserved.