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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. In 2018, 2019 and 2020, Lee cashed more than $1.4

Tax
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Mississippi, Texas storm victims get tax relief

Accounting Today

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. 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.

Tax
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BOI On Again Off Again, Bench Shuts Down, Dying Language of Accounting

Cloud Accounting Podcast

Wrapping up, they review some of 2024's hottest stories, including declining CPA candidates, audit quality issues, and KPMG CEO Paul Knopp's Wall Street Journal op-ed about the "dying language of accounting."

CPA
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Singapore’s Paternity Leave: What Employers and SMEs Need to Know

Counto

Track Leave via Payroll Systems Integrate leave tracking into your payroll system to ensure CPF, tax, and claims stay accurate and audit-ready. As an SME, you can stay compliant while reinforcing trust with your employees, especially during major life events like parenthood.

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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. From November 2020 to April 2022, Gregory made false claims to the IRS for the payment of nearly $65.3 The IRS issued a portion of the refunds, and he spent more than $2.7

Tax
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Tax Fraud Blotter: Hard lessons

Accounting Today

A follow-up IRS investigation found that he fraudulently filed at least 15 tax returns for which he received and deposited refund checks, and that he was in possession of 43 refund checks in amounts from $1,400 to $1,800. Sentencing is Sept. Jeff Stimpson Freelance writer For reprint and licensing requests for this article, click here.

Tax