Free WebCPA Site Registration

Sign-up today and take advantage of member-only content—the kind of timely, cutting-edge industry insight that only WebCPA.com can deliver.

Free site registration entitles you to:

  • Exclusive online-only content
  • Newsletters
  • Online seminars...and much more!

Editors' Picks

  • Watch Maker Pleads Guilty to Hiding $10M at UBS

    February 5, 2010

    A former UBS client who owned and operated several businesses that manufactured and sold watches has pleaded guilty to tax charges related to concealing over $10 million in secret Swiss bank accounts.

  • IRS Suspends CPA for Preparing False Tax Returns

    February 5, 2010

    A CPA has been suspended for 12 months from practicing before the Internal Revenue Service for providing false or misleading information when preparing his clients’ tax returns.

  • Tax Court Allows Deduction for Sex Change

    February 3, 2010

    The U.S. Tax Court has ruled in favor of a Massachusetts taxpayer whose deduction for her sex change operation was rejected by the Internal Revenue Service.

  • Swiss to Resume Talks with U.S. over UBS Accounts

    January 28, 2010

    Swiss authorities said they would continue talks with the U.S. to resolve an impasse over the disclosure of secret bank accounts at UBS after a Swiss court blocked a deal reached by the two governments last year.

  • Suspended CPA Pleads Guilty in Mortgage Scheme

    January 28, 2010

    A former CPA whose license has been suspended by the Oregon Board of Accountancy has pleaded guilty to charges related to mortgage fraud.

  • Man Pleads Guilty to Filing 250 Tax Returns for Dead People

    January 27, 2010

    A California man has pleaded guilty to conspiracy to defraud the U.S. after he was accused of filing at least 250 tax returns of deceased individuals.

  • FEI Asks Supreme Court to Review Textron Tax Case

    January 27, 2010

    Financial Executives International has filed a “friend of the court” brief in support of a petition for review of the U.S. v. Textron case, involving the IRS’s right to examine the tax accrual work papers of a company.

  • Ex-Ernst & Young Partners Get Jail Sentences

    January 22, 2010

    Four former Ernst & Young partners have been sentenced for their roles in tax shelter schemes.

  • Winsted Holdings CEO Pleads Guilty to Tax Charge

    January 13, 2010

    Mark Thomas Ellis, president and CEO of Winsted Holdings, pleaded guilty to a tax charge in U.S. District Court in Los Angeles.

  • Justice Department Cracks Down on Tax Preparers

    January 8, 2010

    On the heels of the IRS’s plan to begin regulating tax preparers, the Justice Department announced that it has filed six lawsuits this week to stop preparers charged with generating fraudulent income tax returns.

  • IRS Ex-Employee Pleads Guilty to Receiving a Bribe

    January 7, 2010

    A former Internal Revenue Service employee has pleaded guilty to one count of receiving a bribe.

  • Tax Preparer Pleads Guilty to Stealing Refund Checks

    January 7, 2010

    A San Fernando tax preparer has pleaded guilty to charges that she filed false tax returns and stole her clients’ refund checks.

  • UBS Client Receives Five Years’ Probation

    January 7, 2010

    A UBS banking client who pleaded guilty to concealing $6.1 million in secret Swiss bank accounts has been sentenced to five years’ probation, even as the whistleblower who helped expose the UBS tax evasion scheme is set to begin a prison term Friday.

  • H&R Block to Refund up to $19.4M of IRA Fees

    January 4, 2010

    H&R Block has agreed to repay between $11.4 million and $19.4 million to settle a lawsuit brought by New York State Attorney General Andrew Cuomo over the tax prep chain’s marketing of high-fee individual retirement accounts to customers.

  • ‘Girls Gone Wild’ Founder Sues IRS

    December 28, 2009

    Joe Francis, chief executive of the company that produces the “Girls Gone Wild” series of racy videos, has sued the Internal Revenue Service for freezing his assets after a judge approved a plea bargain deal in his tax case.

  • The IRS War Against Real Estate Investors

    December 17, 2009

    The IRS is conducting a sweep of real estate investors that challenges deductions investors have been taking as a routine part of business for years.

  • L.A. Lawyer Pleads Guilty in Tax Shelter Scheme

    December 11, 2009

    Los Angeles attorney Matthew G. Krane has pleaded guilty to passport fraud and tax evasion after failing to report more than $35 million in income hidden overseas.

  • Tax Liens Filed Against Pamela Anderson

    December 8, 2009

    Baywatch star Pamela Anderson is facing a pair of tax liens from both the Internal Revenue Service and the state of California.

  • IRS and DOJ Aim to Identify Stanford Clients

    December 2, 2009

    The Justice Department has filed papers seeking a federal court order to authorize the IRS to serve a “John Doe summons” on Ralph Janvey, the court-appointed receiver of accused fraudster R. Allen Stanford’s investment companies, in an effort to identify Stanford’s clients.

  • Court Bars Developer of ‘90% Loan’ Tax Scheme

    November 30, 2009

    A federal judge in San Francisco has signed a permanent injunction order barring the developer of a complex tax scheme involving numerous entities located around the globe and sales of over $1.25 billion in securities from promoting the scheme.

  • Judge Lets Phone Excise Tax Lawsuit Proceed

    November 25, 2009

    A federal judge has allowed a class-action lawsuit to proceed over the IRS’s handling of an $8 billion refund program for the now-defunct telephone excise tax.

  • Wesley Snipes Appeals Tax Conviction

    November 25, 2009

    Attorneys for actor Wesley Snipes are appealing his three-year prison sentence after he was convicted last year for failing to file his income taxes.

  • Tax Court Ruling Boosts Prospects for R&D Credit

    November 24, 2009

    A recent ruling by the Tax Court could be highly favorable for taxpayers looking to claim the Research and Development Tax Credit.

  • Tensions Are Rising from IRS Victory in Textron Case

    November 24, 2009

    The First Circuit Court of Appeals' ruling in U.S. v. Textron is creating a lot of uncertainty.

  • Bagel Company Owner Indicted for Stealing Withholding Taxes

    November 19, 2009

    The owner of New York bagel maker H&H Bagels has been indicted and arrested for stealing withholding taxes and evading unemployment insurance tax in connection with his wholesale and retail bagel business.

  • Congress Introduces Bill to Curb Tax Shelter Penalties on Small Business

    November 16, 2009

    A bipartisan bill introduced in the Senate and House would reduce the penalties assessed by the IRS on tax shelter investments by small businesses to put them in proportion with the tax benefits received.

  • Tensions are rising from IRS victory in Textron case

    November 16, 2009

    The First Circuit Court of Appeals' ruling in U.S. v. Textron is creating a lot of uncertainty.

  • Appellate Court Disallows Tax Shelter

    November 11, 2009

    The U.S. Court of Appeals for the Fifth Circuit has disallowed a “midco” tax shelter, becoming the first appellate court to disallow one.

  • Third Former UBS Client Sentenced in South Florida

    November 9, 2009

    Yacht broker Robert Moran has been sentenced to two months in prison on tax fraud charges, making him the third former UBS client to be sentenced to prison in South Florida in the past two weeks.

  • Rangel Bill Clamps Down on Unreported Foreign Income

    November 9, 2009

    Tax accountants who help U.S. taxpayers hide their income in foreign banks are in the crosshairs of a new push by Congress and the Obama administration to crack down on offshore tax haven cheats.

  • IRS Employee Pleads Guilty to Stealing Mail

    November 4, 2009

    An IRS employee has admitted to stealing money from the mail that had been sent to the facility where she worked.

  • IRS High-Income Audits Could Bring in More Clients

    November 4, 2009

    The IRS’s plans to create a new unit to examine high-income taxpayers with complex offshore tax structures could prove to be a boon to both accounting firms and tax attorneys.

  • DOJ Sues to Stop $562 Million Tax Fraud Scheme

    October 29, 2009

    The Justice Department has filed seven lawsuits around the country to stop a massive tax refund fraud scheme based on claims of large tax withholding.

  • Homebuyer Tax Credit Claims Lead to Fraud Probe

    October 21, 2009

    The First-Time Homebuyer Tax Credit program may have helped boost the sagging housing market this year, but it also seems to have encouraged a lot of fraudulent activity.

  • CPA Gets 18 Months for Filing False Return

    October 16, 2009

    Arnold C. Libman, a licensed California CPA, has been sentenced to a year and a half in federal prison, and a year of supervised release, after he pleaded guilty to aiding and assisting in the preparation of a false income tax return.

  • IRS Employee Indicted in Bribery Case

    October 15, 2009

    An Internal Revenue Service employee was arrested at the IRS offices in Dallas after a grand jury indicted him on a felony bribery charge.

  • Judge Backs GE in IRS Dispute

    October 9, 2009

    A federal court judge ruled in favor of General Electric in a tax case involving $62 million in tax benefits from a partnership arrangement that the IRS had claimed was a sham.

  • Tax Preparers’ Daughters Get 6 Years in Prison

    October 9, 2009

    The daughters of the patriarch of an income tax preparation business were sentenced to six years in federal prison for filing false tax returns after their father received a 10-year sentence.

  • Sixth UBS Client Pleads Guilty to Tax Charges

    October 6, 2009

    A retired Boeing sales manager is the latest UBS client to plead guilty to filing a false tax return after the Swiss bank agreed to disclose the identities of some of its U.S. clients.

  • Hair Salon Owners Sent to Jail for Payroll Tax Fraud

    October 5, 2009

    A husband and wife who owned and operated hair salons in Southern California were sentenced to prison for failing to pay payroll taxes.

  • Camico Expands CalCPA Insurance Offerings

    October 5, 2009

    Camico is expanding the range of insurance options it is offering to members of the California Society of CPAs.

  • DOJ Asks Court to Bar CPA from Preparing Returns

    September 29, 2009

    The Justice Department has asked a federal court in Lincoln, Neb., to bar Donald Ondrak, a Lexington, Neb., CPA, from preparing tax returns.

  • Court Refuses to Force Disclosure Against Deloitte

    September 28, 2009

    Rulings Protect Documents From Disclosure in Tax Refund Case

  • UBS Client Pleads Guilty to Hiding $6.1 Million

    September 25, 2009

    A New Jersey man has pleaded guilty to failing to report $6.1 million that he had hidden in secret Swiss bank accounts.

  • Fake CPA Faces Up to Six Years in Jail

    September 23, 2009

    A California tax preparer who falsely claimed to be a CPA and former IRS employee could receive up to six years in prison after he pleaded guilty this week to aiding and assisting others in preparing false tax returns.

  • Tax Preparer Convicted After Violating Injunction

    September 18, 2009

    A man who had been barred five years ago from preparing tax returns and representing clients before the IRS was convicted of violating the injunction by continuing to do so.

  • Court Cracks Down on Stock-Loan Tax Fraud Scheme

    September 16, 2009

    A federal judge in San Francisco has issued permanent injunctions barring four individuals from promoting what a government lawsuit describes as a complex tax-fraud scheme involving several entities located around the globe.

  • IRS Employee Indicted for Stealing Mail

    September 15, 2009

    An IRS employee has been indicted by a federal grand jury for stealing mail that had been delivered to an IRS service facility.

  • Tax Court Denies Medical Deduction for Prostitutes, Porn

    September 15, 2009

    The Tax Court has denied a Brooklyn tax lawyer’s attempt to claim over $100,000 in payments for prostitutes and pornography as medical expense deductions.

  • CPA and Attorney Indicted in Offshore Tax Scheme

    September 14, 2009

    A federal grand jury has indicted an Arizona accountant and an attorney for participating in an offshore tax shelter scheme.

  • Pitcher Koosman Gets 6 Months for Tax Evasion

    September 4, 2009

    Former All-Star baseball pitcher Jerry Koosman received a six-month sentence for not paying his federal income taxes for 2002-2004.

  • Tax Preparer Said IRS ‘Pre-Audited’ Clients’ Returns

    September 3, 2009

    A Florida tax preparer has been barred by a federal judge after he falsely told clients he was a former IRS employee and that the IRS had “pre-audited” their tax returns.

  • Court Rejects Schering-Plough $473M Tax Refund

    September 2, 2009

    A federal court has denied a $473 million tax refund to Schering-Plough after the drug maker sought to avoid taxes on $690 million in profits it repatriated from offshore subsidiaries into the U.S. through some dubious transactions.

  • 'Girls Gone Wild' Founder Accuses CPA of Going Wild

    September 2, 2009

    Mantra Films, the company that produces the racy 'Girls Gone Wild' video series, has filed suit against the company’s former CFO, accusing him of conspiring with two other former executives to embezzle millions of dollars.

  • Former IRS Employee Pleads Guilty to Accepting a Bribe

    August 28, 2009

    A former IRS compliance officer in Las Vegas has pleaded guilty to accepting a bribe in exchange for preparing a false audit report for a taxpayer.

  • Ex-IRS District Director Gets 2 Years for Tax Fraud

    August 28, 2009

    A former IRS district director who worked for a company that promised to reduce the tax liabilities of home-based business owners has been sentenced to two years in prison.

  • Tax Preparer Gets 18 Months for Filing False Returns

    August 26, 2009

    A California tax preparer has been sentenced to 18 months in federal prison and one year of probation for preparing and filing false tax returns with the IRS.

  • Government Indicts Seven for Tax Defier Schemes

    August 21, 2009

    Seven New Englanders have been indicted in Boston for conspiracy to defraud the U.S. government after they were accused of promoting multiple tax fraud schemes.

  • Former UBS Banker Sentenced to 40 Months

    August 21, 2009

    A former UBS banker who cooperated with the U.S. investigation of the Swiss bank was sentenced to over three years in jail for helping a billionaire real estate developer evade $7.2 million in taxes.

  • Former Publishing CFO Sentenced for Tax Evasion

    August 21, 2009

    A former CFO who embezzled money from the magazine publishing company he helped run has been sentenced to two years in prison and three years of supervised release.

  • Swiss Tax Indictments Widen Beyond UBS

    August 20, 2009

    A Swiss banking executive and lawyer have been indicted on charges of conspiring to defraud the U.S. in a sign that the IRS is now looking beyond UBS in its international tax enforcement efforts.

  • Accountant Pleads Guilty in Shell Company Tax Case

    August 19, 2009

    A California accountant has pleaded guilty in a case in which he and an attorney have been charged with evading millions of dollars in taxes earned from the sale of public shell companies.

  • UBS Agrees to Disclose 4,450 Bank Account Names

    August 19, 2009

    Swiss bank UBS will turn over the names behind 4,450 accounts as part of an agreement announced Wednesday between the U.S. and Swiss governments.

  • California Fights Frivolous Tax Arguments

    August 18, 2009

    In an effort to reduce the state’s monstrous budget shortfall, revenue officials in California have begun slapping stiff new fines on income tax scofflaws who use frivolous tax arguments to avoid paying their share.

  • ‘Global Prosperity’ Tax Scheme Promoter Banned

    August 17, 2009

    A federal court in Seattle has permanently barred a prison inmate from promoting a tax avoidance scheme that attracted over 44,000 customers and earned over $50 million.

  • U.S. Swiss Banking Deal Yields First Guilty Plea

    August 17, 2009

    A California man has agreed to plead guilty to a scheme to move over $1 million into secret Swiss bank accounts at UBS via a fake business the bank helped him set up in Hong Kong.

  • Court Orders Textron to Give Tax Papers to IRS

    August 14, 2009

    In a decision that could have major implications for accountant work-product privileges, a federal appeals court has reversed a lower court decision and ordered aerospace and defense contractor Textron to hand over tax accrual work papers to the IRS as part of an investigation of tax shelters.

  • Swiss and U.S. Governments Make a Deal on UBS

    August 12, 2009

    The U.S. and Swiss governments have reached an agreement on a lawsuit in which the IRS had been seeking the identities of the U.S. taxpayers behind 52,000 secret accounts at the Swiss bank UBS.

  • Ex-IRS Agent Sentenced to 46 Months for Tax Fraud

    August 11, 2009

    A retired IRS agent who worked for a company that claimed to cut customers’ taxes has been sentenced to nearly four years in prison for taking part in a tax fraud scheme.

  • Offshore Accounts and Payments Gain IRS Attention

    August 11, 2009

    The IRS is increasing its audit activity involving payments to foreign persons and U.S. taxpayers' offshore financial accounts.

  • Appeals Court Reinstates IRS Phone Tax Refund Suit

    August 10, 2009

    A federal appeals court has revived a lawsuit charging the IRS with depriving taxpayers of billions of dollars in refunds on long-distance telephone excise taxes.

  • Tax Preparer Set up Fake ‘IRS’ Bank Account

    August 7, 2009

    Tax preparer David Canales was arraigned in a San Diego federal court on an 18-count indictment charging him with mail fraud, wire fraud and tax evasion after he created checking accounts named after the IRS and the California Franchise Tax Board.

  • Former Rabbi Charged in $35M Tax Fraud Scheme

    August 6, 2009

    A former Chicago rabbi and nine others were charged in a $35 million tax fraud conspiracy, accused of filing 3,300 false tax returns in the names of federal prison inmates.

  • U.S., Swiss Reach Accord on Secret UBS Accounts

    August 3, 2009

    The U.S. and Swiss governments have reportedly reached an agreement on the secret bank accounts of U.S. citizens that the IRS has been seeking from UBS.

  • Toy Exec Pleads Guilty in UBS Tax Case

    July 30, 2009

    Toy industry executive Jeffrey P. Chernick has pleaded guilty to charges of filing a false tax return, the third U.S. client of Swiss bank UBS to plead guilty to tax charges.

  • IRS Warns of Homebuyer Credit Fraud

    July 29, 2009

    The Internal Revenue Service has prosecuted a tax preparer who used the First-Time Homebuyer Credit in a fraud scheme that appears to be an increasing trend.

  • Henry Louis Gates’ Foundation to Revise Tax Return

    July 28, 2009

    A nonprofit foundation run by Harvard professor Henry Louis Gates Jr. is filing an amended 2007 tax return after it was found to have mischaracterized $11,000 in payments to officials as research grants.

  • Jury Indicts IRS Officer in Mortgage Refi Scheme

    July 24, 2009

    A federal grand jury has indicted an IRS revenue officer for pressuring delinquent taxpayers to refinance their mortages with a company for which he worked on the side so they could pay their outstanding tax debts.

  • TIGTA Wants Tips on Rogue Tax Preparers

    July 22, 2009

    Treasury Inspector General for Tax Administration J. Russell George asked tax professionals to provide his office with information on other preparers who are acting unethically or illegally as the IRS prepares to overhaul regulations for practitioners.

  • DOJ Tries to Work out Deal with UBS and Swiss

    July 13, 2009

    The U.S. and Swiss governments have requested a stay on the court hearings that were set to begin Monday on whether UBS could be forced to divulge the names and bank holdings of 52,000 U.S. taxpayers.

  • Another Former BDO Exec Pleads Guilty in Tax Case

    July 10, 2009

    A fourth former partner at BDO Seidman has pleaded guilty in a tax shelter case.

  • Switzerland Threatens to Seize UBS Client Info

    July 8, 2009

    The Swiss government said it is ready to confiscate UBS client information to prevent the bank from violating secrecy laws by handing documents over to the U.S. government.

  • Court Bars CPAs from Promoting Tax Fraud Scheme

    July 6, 2009

    A federal judge has permanently barred eight men — including two CPAs and five tax preparers — from promoting an alleged tax fraud scheme involving bogus income tax credits based on fictitious methane production at landfills.

  • GAO Says IRS Should Re-evaluate Taxpayer Penalties

    July 6, 2009

    The IRS needs to create a plan to comprehensively evaluate the administration of civil tax penalties and their impact on voluntary compliance, recommended a new report from the Government Accountability Office.

  • M&A Business Charged with Tax Evasion

    July 2, 2009

    A federal grand jury has returned an 11-count indictment charging four Salt Lake City residents with conspiring to conceal profits stemming from their mergers and acquisition business from the IRS and under-reporting or not reporting income over a span of approximately seven years.

  • Feds Break up ID Theft and Tax Fraud Scheme

    July 1, 2009

    Eleven defendants have been charged in a massive scheme to file fraudulent tax returns using the stolen identities of Puerto Rican residents in an attempt to collect more than $18 million in tax refunds.

  • D.C. Tax Scam Ringleader Sentenced to 17 ½ Years

    June 30, 2009

    Harriette Walters, the former tax office manager for the District of Columbia, was sentenced to 17 and a half years in prison for masterminding a tax scam estimated to have cost the district $48.1 million.

  • Accountant Pleads Guilty in UBS Tax Case

    June 29, 2009

    A UBS client and chartered accountant has pleaded guilty to filing a false tax return for his 2004 taxes in the latest sign of the IRS’s stepped-up enforcement efforts against the Swiss bank’s U.S. customers.

  • Taxpayer Representatives Often Not Notified of Liens

    June 26, 2009

    The IRS often fails to send notices of federal tax liens to taxpayer representatives such as accountants, according to a new report.

  • Law Proposed to Ease Home Office Tax Deduction

    June 25, 2009

    Proposed legislation would make it easier for small businesses to qualify for the home office tax deduction.

  • Can Jon & Kate Split 8?

    June 24, 2009

    Just in time for Jon and Kate Gosselin’s impending divorce, the IRS has released a very helpful form.

  • Liberty Tax Service Loses Deceptive Ad Suit

    June 22, 2009

    Liberty Tax Service, the third largest tax preparer in the U.S., has lost a lawsuit over deceptive ads that California Attorney General Jerry Brown claimed blurred the line between free tax refunds and expensive refund anticipation loans.

  • Tax Preparer Charged with Threatening Assistant DA

    June 18, 2009

    A tax preparer has been arrested for stalking and threatening to harm an assistant district attorney in the Manhattan DA’s office.

  • Court Ruling Could Ease R&D Tax Credit Claims

    June 12, 2009

    A new appeals court ruling could make it easier for companies to claim research and development tax credits from the IRS by allowing them to rely on oral testimony instead of a project expense-tracking system.

  • Former BDO CEO Indicted for Tax Shelters

    June 10, 2009

    Former BDO Seidman Chairman and CEO Denis Field, and a former BDO tax partner, along with five other lawyers and bankers from outside the firm, have been indicted in a tax fraud case involving tax shelters marketed by the firm that allegedly generated over $7 billion in fraudulent tax losses,

  • Ex-CPA Pleads Guilty in $1.4M Embezzlement Scheme

    June 9, 2009

    Former attorney and CPA Steven Krell has pleaded guilty to a tax charge in connection with the embezzlement of approximately $1,476,900 from two of his clients.

  • Ex-Quellos CEO Indicted in Tax Shelter Scheme

    June 5, 2009

    The former chief executive of the investment company Quellos, along with two attorneys, have been indicted in a tax fraud and kickback scheme.

  • Former BDO Vice Chair Pleads Guilty to Tax Fraud

    June 4, 2009

    Former BDO Seidman vice chairman Charles W. Bee Jr., has pleaded guilty to tax fraud charges stemming from tax shelters marketed to the firm’s wealthy clients.

  • Judge Blasts Tax Defier During Sentencing

    June 1, 2009

    A California businessman was sentenced to a five-year jail term for tax evasion and ordered to pay a $75,000 fine, as well as given a tongue lashing by the judge, after he failed to report the profits from his marble tile company on his personal income tax return, claiming the business was owned by a “pure trust.”

  • IRS Wins Transfer Pricing Tax Dispute Against Chip Maker

    May 29, 2009

    Silicon Valley chip manufacturer Xilinx has lost an appeals court ruling in a tax dispute with the IRS that could have implications for other multinational companies that use transfer pricing.

  • IRS Agent Refuses Pizza Bribe

    May 26, 2009

    A Texas restaurant owner has been sentenced to two years in jail after he was convicted of trying to bribe an IRS agent by offering her free pizza and a job.

  • Ernst & Young Partners Convicted of Tax Fraud

    May 11, 2009

    Two current and two former Ernst & Young partners were found guilty of tax fraud and conspiracy charges related to tax shelters.

  • Massachusetts Tax Auditors Foiled in IDG Ruling

    May 8, 2009

    A recent decision by the Massachusetts Appellate Tax Board related to inter-company pricing may put state tax auditors on notice not to overreach when assessing the value of services and products provided between companies and their out-of-state affiliates.

  • Oh No! Mr. Bill’s Tax Office Raided by Feds

    May 7, 2009

    Internal Revenue Service agents raided a local tax practice in Central Florida known as Taxes by Mr. Bill and accused the firm of stealing its clients’ tax refunds.

  • Gambling Tax Commissioner Replaced

    May 6, 2009

    A county tax commissioner in New Jersey has been replaced after he was indicted last week for conspiring to embezzle $278,650 from his Elks Lodge to gamble in Atlantic City.

  • Ex-Finance Director Pleads Guilty to Tax Crimes

    May 5, 2009

    The former director of finance for packaging-machine maker Winpak Lane’s California office has pled guilty to tax and embezzlement charges.

  • Man Arrested for Setting up Fake IRS Free File Sites

    May 4, 2009

    A 23-year-old Russian has been arrested for stealing about $105,000 in tax refunds after he set up fraudulent Web sites that claimed to prepare taxes for free.

  • Couple Claimed Over $300,000 in Fake Tax Refunds

    April 30, 2009

    A Southern California couple has been indicted on charges of conspiracy to file false tax returns, mail fraud and identity theft after they were found to have filed for refunds of over $300,000 using stolen identities.

  • IRS issues guidance for Ponzi victims

    April 19, 2009

    In the wake of several high-profile Ponzi schemes - most notably, the $65 billion fraud perpetrated by the now-jailed Bernard Madoff - the Internal Revenue Service has issued new guidance for victims of these types of schemes and their tax preparers.

  • In brief

    April 19, 2009

  • Tax strategy: Ponzi scheme guidance: More details

    April 19, 2009

    The Bernard Madoff situation is just the most notorious of dozens of Ponzi schemes that have surfaced since the current recession made it more difficult for the operators of those schemes to keep covering payouts and redemptions with money from new investors.

  • Shooting for the stars

    April 19, 2009

    The Internal Revenue Service now has a new interest in sports and entertainment - and not just as a spectator.

  • Yacht Exec Pleads Guilty in UBS Tax Shelter Case

    April 16, 2009

    Robert Moran faces up to three years and a fine of $250,000 for sheltering over $3 million offshore.

  • IRS Makes Some Card Fees Deductible

    April 9, 2009

    The Internal Revenue Service said that it would make some credit and debit card convenience fees tax-deductible, but only under certain circumstances.

  • States Hike Sales Tax Rates to New Records

    April 9, 2009

    The economic crisis is forcing many states and cities to increase their sales tax rates to the highest average level ever, according to a new report.

  • IRS Offers New Free Way to File for Extensions

    April 8, 2009

    This year, the Internal Revenue Service is offering a new way to file an extension request for free.

  • Grassley Praises IRS for Hiring Veterans

    April 8, 2009

    Sen. Charles Grassley, R-Iowa, has commended the Internal Revenue Service for hiring more than 1,000 veterans last year.

  • Buddy Systems Created By Youth

    April 7, 2009

    Like many good ideas, Weiser's Buddy System started over drinks.

  • IRS Takes Slow Train to Security Fixes

    April 7, 2009

    The Internal Revenue Service has made slow progress in implementing federally required security settings on nearly 100,000 desktop and laptop computers, said a newly released audit.

  • BDO Partner Charged with Tax Crimes

    April 7, 2009

    A federal grand jury has returned an indictment charging a BDO Seidman partner with tax charges for attempting to help one of his clients evade income taxes.

  • CPAs and Tax Preparers Charged in Methane Scam

    April 7, 2009

    The Justice Department has filed suit against four CPAs, 27 tax preparers and another individual, accusing them of promoting a tax scam that claimed bogus income tax credits for sham sales of methane from landfills.

  • Estate Tax Planning for 2009 and Beyond

    April 7, 2009

    With the repeal of the federal estate tax set for 2010 and its reinstatement scheduled just one year later, estate tax planning has become more complicated than ever.

  • U.S. and Swiss to Share More Tax Information

    April 7, 2009

    The U.S. Treasury Department said that it plans to begin negotiating a protocol with the government of Switzerland to exchange more tax information, opening a window on formerly secret Swiss bank accounts.

  • Practitioner Suspended for Bilking Taxpayers

    April 7, 2009

    The Internal Revenue Service has suspended an enrolled agent from practicing before the agency after his clients complained that he did little to help them settle their tax disputes.

  • Buddy Systems Created By Youth

    March 31, 2009

    Like many good ideas, Weiser's Buddy System started over drinks.

  • Off to a running start

    April 5, 2009

    An early-season surge in tax filing - attributed by most observers to the declining economy - has thus far characterized this year's filing season.

  • IRS nixes private collection

    April 5, 2009

  • Lawmakers petition IRS for greater leniency

    April 5, 2009

    Washington, D.C.-With millions of Americans needing help to survive the recession, job losses and home foreclosure, Congress is urging the Internal Revenue Service to cut some slack for taxpayers who are "struggling to stay afloat while their debts increase."

  • Madoff investors: Tax victims, too?

    April 5, 2009

    Many are surprised to learn that while it sometimes appears that the Internal Revenue Code reaches into every aspect of our lives, it lacks focus in addressing the complex tax consequences that face the unfortunate victims of Ponzi schemes.

  • In brief

    April 5, 2009

  • Tax strategy: Maximizing small-biz incentives in the Recovery Act

    April 5, 2009

    he $787 billion American Recovery and Reinvestment Act of 2009 (P.L. 111-5, Feb. 17, 2009) provides almost $300 billion in tax relief. As a stimulus package, the bill makes available over $280 billion in tax relief in the short term in 2009 and 2010.

  • IRS Copes with Challenging Tax Season

    April 6, 2009

    Despite all the tax changes in the past year to stimulate the economy, the Internal Revenue Service appears to be weathering the tax season well so far.

  • Video: Joe the Plumber Takes on the IRS

    April 6, 2009

    Joe the Plumber has made his next mission the abolition of the Internal Revenue Service.

  • Companies Foresee More Tax Audits

    April 6, 2009

    As governments desperately seek all kinds of additional revenue, senior business professionals see the increased possibility of an audit by taxing authorities as the most significant tax risk facing their organizations today, according to a new survey.

  • IRS to Assess Risks of Tax Software

    April 3, 2009

    The Internal Revenue Service should determine whether using tax software creates any security and compliance risks, recommended the Government Accountability Office in a new report.

  • Former KPMG Execs Sentenced in Tax Case

    April 3, 2009

    Two former KPMG managers received prison terms and multimillion-dollar fines in a long-running tax shelter case.

  • IRS Grants Relief to Flood Victims

    April 3, 2009

    Victims of severe flooding in Minnesota and North Dakota have an extra 30 days, until May 15, to file their 2008 individual tax returns and pay any taxes due.

  • Congress Passes Budget Plan

    April 3, 2009

    Both the House and Senate approved the Democrats' version of a $3.5 trillion budget plan for fiscal year 2010, but without a single Republican vote.

  • Accountant Arrested for UBS Tax Shelters

    April 3, 2009

    The first U.S. client of Swiss bank UBS has been arrested on tax evasion charges by federal authorities, and he's an accountant.

  • Congress to IRS: Go Easy on Small Biz

    April 2, 2009

    Lawmakers at a congressional hearing Wednesday pressed Internal Revenue Service Commissioner Douglas Shulman to ease up on audits of small businesses.

  • CCH Revamps Tax Research Service

    April 2, 2009

    CCH has introduced IntelliConnect, the next generation of its widely used online information service, Tax Research NetWork.

  • U.S. Signs Tax Deal with Gibraltar

    April 2, 2009

    Just in time for the G20 economic summit in London, the U.S. Treasury Department has signed a tax information exchange agreement with the government of Gibraltar.

  • Tax Tips for Individuals and Businesses

    April 2, 2009

    As the tax deadline looms in two weeks, the Association of Chartered Certified Accountants has some advice for businesses and individual taxpayers.

  • Beware the Taxman (or Student)

    April 2, 2009

    Tax evaders beware. Pittsburg State University students are coming to get you.

  • Tax Strategies for IRA Owners Affected by the Market

    March 31, 2009

    The sharp stock market decline we've experienced has no immediate tax effect on pre-retirement-age taxpayers who invested their traditional IRAs or Roth IRAs in stocks and mutual funds, since losses as well as gains are not recognized within either type of IRA.

  • Tax & Financial Planning News

    March 31, 2009

  • Tax Research Comes in Many Flavors

    March 31, 2009

    Accountants gain an appetite for Google-like search.

  • Tax Season Essentials

    March 31, 2009

  • Tax Briefs

    March 31, 2009

  • New Budget, New Tax Scene

    March 31, 2009

Advertisement
Advertisement

Special Offers

  • We're sorry. Your computer must be equipped with a browser capable of rendering HTML 4.01 and running JavaScript. In your browser, you must enable JavaScript. In addition, you should enable style sheets.
1 of 1

Editors' Picks

Advertisement

Quick Poll

Do you think revenues at your firm or your company will increase or decrease this year?





See Recent Polls