Advice

Can’t impersonate guilt; Breakthrough busted; married lawyers plead; and other highlights of recent tax cases. Tampa, Fla.: Brenda Dozier, 54, has pleaded guilty to conspiracy to commit money laundering. From July through at least November 2015, Dozier laundered money that had been extorted from U.S. residents by conspirators residing in the States and overseas. India-based
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The year’s worst ideas; cyber-currency phrase book; the shutdown and taxes; and other highlights from our favorite tax bloggers. The winners are… Tax Vox (http://www.taxpolicycenter.org/taxvox): The top Lump of Coal Awards for the Worst Tax Idea of 2018, including New Hampshire’s fighting collecting sales taxes; Seattle’s “head tax” on large employers and Sen. Bernie Sanders’s
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Stat scam; shopping center switcheroo; what a pain; and other highlights of recent tax cases. Houston: Jonathan Adam Van Pelt, former owner of a local staffing company, has admitted he willfully failed to account for and pay federal employment taxes. Van Pelt withheld federal income taxes and Social Security and Medicare taxes from the wages
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Pre-season checklist; whether carbon taxes; best Twitter bets; and other highlights from our favorite tax bloggers. In with the new Tax Foundation (https://taxfoundation.org/blog): Our favorite opening of the week: “Champagne will flow, ‘Auld Lang Syne’ will be sung, resolutions will be made (and soon forgot, and never brought to mind), and, in a handful of
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Refuge of a scoundrel; elder care and hockey tickets; on the flyer; and other highlights of recent tax cases. Grand Rapids, Mich.: Preparer Faheem Olugbodi, a.k.a. Faheem Abdul Nichols and James Moore, 48, was sentenced to 42 months in federal prison after pleading guilty to preparing fraudulent returns from 2011 through 2013. Olugbodi admitted collecting
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Phishing and the season’s latest scams; FBAR whistleblowing returns; best sales-tax questions; and other highlights from our favorite tax bloggers. The fun’s back in ‘refund’ Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): The good word on processing returns — and the even better news about refunds — from the Office of Management and Budget, leaked first by
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Condo bunco; life goes on; heavy metals; and other highlights of recent tax cases. Honolulu: Businessman Wagdy Guirguis and CPA Michael Higa have been convicted of conspiracy to defraud the U.S. government. Guirguis was also convicted of three counts of filing false corporate income tax returns, one count of failure to file a corporate income
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Pluses of filing early; shutdown fallout; CAF problems; and other highlights from our favorite tax bloggers. Sense of security? Liberty Tax (http://www.libertytax.com/tax-lounge): What to tell them about the pluses of filing early, from possibly avoiding fraud or ID theft to knowing exactly what you do or don’t owe. The Income Tax School (http://www.theincometaxschool.com/blog/): And remember,
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Scams of the season; the size of the IRC; how to market next year; and other highlights from our favorite tax bloggers. Warm and fuzzy Tax Vox (https://www.taxpolicycenter.org/taxvox): Supreme Court verbal arguments begin in CIC Services v. IRS, a little-known case that threatens to gut the ability of the IRS to limit abusive tax shelters,
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The outcomes of two runoff elections in Georgia that are scheduled for Jan. 5 will determine the balance of power in the U.S. Senate, and may also have an impact on the kind of tax planning that accountants should be advising their clients to do. President-elect Joe Biden’s ability to pass his tax proposals into
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New York authorities investigating whether President Donald Trump’s company inflated the value of its assets for loans and tax breaks are seeking more records of the company’s communication with an engineer who helped appraise its property. New York Attorney General Letitia James on Thursday asked a state-court judge in Manhattan to reconsider October rulings that
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The general disruption in life caused by COVID-19 has accelerated the pace of the mobilization of the workforce, creating tax policy considerations that have been slowly surfacing over the past decade. “The fact that states, employers and workers were all suddenly forced into remote work settings has provided an unexpected opportunity for a discussion about
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Changes for the year; partnerships’ reporting; building your brand; and other highlights from our favorite tax bloggers. Blunt truths Taxable Talk (http://www.taxabletalk.com/): Sometimes the IRS processing time “ain’t pretty” — though to be fair this tale does start with a return sent certified mail taking nearly a month to get from Las Vegas to Ogden,
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The Internal Revenue Service and the Treasury Department issued final regulations related to Section 1031 like-kind exchanges. The new regs address the definition of real property, as well as the receipt of personal property that is incidental to real property received in a like-kind exchange. “Real property” now includes land and, generally speaking, anything permanently
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France is hoping for a quick end to the simmering transatlantic trade battle over its tax on technology giants such as Facebook Inc. as soon as President-elect Joe Biden takes office. French Finance Minister Bruno Le Maire will speak with members of Biden’s team on Monday with the aim to end the bilateral conflict by
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The IRS Office of the Chief Procurement Officer has partnered with Data and Analytic Solutions of Fairfax, Virginia, and with academic researchers to use data analysis to improve IRS procurement operations. The team will consist of procurement practitioners as well as university professors and students with procurement and experience in machine learning, a form of
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The Internal Revenue Service is planning to ramp up audits of smaller businesses and their investors by about 50 percent next year, following years of persistently low examination rates, an agency official said Tuesday. The result could be a surge in audits of companies ranging from mom-and-pop retail stores and technology startups to investment funds
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