February 21, 2013
Florida is #1 in nation … In identity theft tax fraud
Florida ranks first in stolen identity tax refund fraud, a problem so pervasive it's now known as SIRF.
February 21, 2013
Wage growth expected to remain stagnant
The rate of annual wage growth for private sector workers is expected to show little, if any, change in the coming months.
February 21, 2013
Tax ID Theft: More than half of consumers believe the IRS is responsible
Survey shows Americans blame IRS for tax ID theft, instead of themselves for lax precautions.
February 20, 2013
Tax professionals offer tips to avoid IRS audits
During the past decade, the IRS has gotten more business-like about the taxpayers they select to audit. Like all smart businesses, the IRS wants to turn a profit these days. Currently, tax returns are selected for audit based on the chance that the IRS will find enough errors or missing income to generate additional taxes…
February 19, 2013
Survey says 65.6% of Texans plan to pay down debt with their tax refunds
According to a survey by the Texas Credit Union League (League), 65.6 percent of Texans who participated in a recent League survey said they plan to use their tax refund to pay off debt. Similarly, 45.9 percent of Texans plan to use their refund to jump start their savings.
February 19, 2013
Leadership change at CCH SFS, maker of ATX tax software
ATX has long been a popular professional tax preparation system for small and mid-sized tax preparers, but this year many of these professionals have been less than pleased with the new version of the program.
February 15, 2013
City comptroller gets 19-year sentence for fraud; CPA auditors being sued
Rita Crundwell, the former comptroller for the small city of Dixon, Illinois, has received a prision sentence of 19 years and 7 months for embezzling millions from the city. The sentence was handed down by U.S. District Judge Philip G. Reinhard.
February 15, 2013
Iowa lawmakers consider property tax plan that cuts $250 million
Iowa state senators have offered a revised $250 million, five-year plan to reduce commercial property taxes for most Iowa businesses via an annual state tax credit.
February 15, 2013
Newlyweds arrested for suspected tax fraud, ID theft
Two days after their house was searched, Jermell Cornelius Hickman married his girlfriend, Ebonie Hampton.
February 15, 2013
Former IRS agent pleads guilty to theft of funds
A Kansas woman formerly employed by the Internal Revenue Service faces up to 10 years in federal prison and fines after admitting she stole thousands in public funds, a federal prosecutor said Thursday.
February 14, 2013
Switzerland helping IRS find U.S. tax evaders
The U.S. and Switzerland have signed a pact to crack down on tax evaders by making Swiss banks reveal more information about offshore accounts held by Americans, the Treasury Department said Thursday.
February 14, 2013
New York payroll provider gets 30 months in prison
A man who was supposed to pay federal income taxes on behalf of several small business owners but didn't is going to prison for up 30 months.