Accounting Today

JUNE 19, 2025

Whitman also has not filed an individual income tax return since 1997 and has made no tax payments since 2000. In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. All rights reserved. In 2018, 2019 and 2020, Lee cashed more than $1.4

Tax 173

Tax Deposits Corporation Tax Auditing 173

Accounting Today

JULY 21, 2025

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. He did not timely file individual income tax returns for many years. All rights reserved.

Tax 130

Tax Corporation Tax Auditing Deposits 130

Counto

SEPTEMBER 12, 2024

Implement a Deposit System For Larger Services: Introduce a deposit requirement for high-value services or group bookings. Manage No-Shows: Deposits help reduce financial losses from cancellations or no-shows. Efficient Collections: Implement procedures for managing collections to expedite payments and reduce outstanding debts.

Deposits 52

Deposits Budgeting Accounting Accounting 52

Accounting Today

JULY 3, 2025

million in taxes had been withheld. When the agency began trying to collect the fraudulent refund, she took several steps to thwart collection. She deposited the refund check into a trust bank account and immediately transferred most of the balance to a separate bank account, both of which she controlled.

Tax 162

Tax Deposits Corporation Tax Auditing 162