February 3, 2013
Indian Lands tax credit extended to employers
Oklahoma officials want to remind area employers the Federal Indian Lands Tax Credit has been extended.
February 2, 2013
U.S. income tax turns 100
Most living Americans think that an income tax has always been there... but no. In 1913, the U.S. Congress passed the first permanent income tax.
February 1, 2013
The Top Tax & Accounting News of January 2013
The top news stories on CPA Practice Advisor for the month of January 2013.
February 1, 2013
Bizarre $160M tax fraud scheme results in long prison terms
The scheme was as audacious as it was ambitious: Rob the Internal Revenue Service of $160 million in tax refunds based on the bizarre belief that the government had set up secret bank accounts for each American, accessible by utilizing the right tax forms.
February 1, 2013
The IRS and tax preparer regulation – Round 3: Congressman wants answers
IRS tax return preparer program takes another hit, but professional and consumer organizations support it.
February 1, 2013
Businesses upped bonuses and dividends before fiscal cliff deal was reached
As 2012 ended and businesses and employees alike waited for Congress to resolve the crisis over the "fiscal cliff," many did what any good businessperson would do: they paid themselves early.
January 31, 2013
Tax preparer gets 5 years in prison for filing fraudulent returns
A Macon, Georgia, tax return preparer was sentenced to five years in prison Wednesday and pay more than $200,000 restitution after he pleaded guilty to filing false claims for tax refunds, according to the U.S. attorney's Office.
January 31, 2013
Americans willing to raise payroll taxes to save Social Security
Even though wage earning taxpayers are already paying an extra 2 percent this year after the expiration of the payroll tax cut, a new survey shows that Americans are willing to pay more to preseve Social Security.
January 31, 2013
Forensic accounting detects $100k embezzlement: Charges filed
The former manager of a Richland Township, Pennsylvania, business was ordered to stand trial on charges that he embezzled more than $100,000 during a five-year period.
January 31, 2013
H&R Block loses court case to get TurboTax ads blocked in Missouri
Earlier this week, the U.S. District Court for the Western District of Missouri denied an attempt by tax preparation chain H&R Block to stop Intuit from continuing to air two TV commercials for TurboTax.
January 30, 2013
Florida woman faces potential 351 years in prison for tax fraud
A Fort Lauderdale, Florida, woman was convicted of heading an identity theft tax fraud scheme that netted $11 million in federal tax refunds and involved the filing of approximately 2,000 fraudulent tax returns, federal prosecutors said.
January 30, 2013
Five W-2 tips for wage earners
Verify, check and review. With tax season getting underway, the American Payroll Association has offered a few tips to help wage earners "get the most from their Form W-2."