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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. Mellinger and a co-conspirator, who was a relative, collectively earned approximately $3 million in fees from the scheme. In 2018, 2019 and 2020, Lee cashed more than $1.4

Tax 147
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1099-NEC vs. MISC: How to Prepare for Next Week’s New IRS Deadline

AvidXchange

For a deep dive into this year’s 1099 forms, check out our recent webinar below: Form 1099-NEC vs. Form 1099-MISC: What’s the difference? Pay independent contractors with credit cards As you prepare this 1099-NEC form, remember that you only need to report payments made by checks, cash and direct deposits. Still have questions?

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Tax Deadline Extended, IRS Yet to Confirm

Cloud Accounting Podcast

Million of Stock After Reassuring Public About Coronavirus Preparedness 26:38 - Some webinars re: Food Service and Accounting During This Crisis Five Crisis Numbers for Food & Bev - YouTube Now What? I went to two webinars this week that are really focused on restaurants who are struggling with cash flow, obviously.

Tax 40
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Intuit Launches QuickBooks Cash

Cloud Accounting Podcast

A federal credit union told the Justice Department that 59 out of 60 SBA deposits it received appeared to be fraudulent. David Leary: [00:20:22] Because it's Intuit's account, you connect your merchant service to it; do instant deposits. You can get instant deposits to that account free of charge. They have a cashflow planner.

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Tax Day is July 15. Still

Cloud Accounting Podcast

So, if they don't file the returns, if the deadline doesn't stick, and it gets extended again, then clients aren't gonna turn in their paperwork, and the firm is not gonna be able to collect the cash. Did you know you could be using Synder to automatically do this for you? Head over to cloudaccountingpodcast.promo/smansha.

Tax 40
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Tax Fraud Blotter: No solution

Accounting Today

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. million, from which over $1.2

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PPP loans over $150,000 to be made public

Cloud Accounting Podcast

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. Because the IRS isn't coming after them.