Interesting News Stories

These are stories from various news sources that may be interest to members.

How to handle Unrelated Child as a Qualifying Relative (From the Journal of Accountancy.)

Congress to Mandates Electronic Filing by All Preparers who do 10 or more returns.

And in a Turnabout: Congress Presses IRS to Ease Tax Preparer Regulations.

Private Ruling:  A mother who had undergone a double mastectomy and could not deduct the cost of baby formula as a medical expenses.

It's High Time:  Bill to legalize and tax marijuana in California gets a hearing

Bovine Flatulence Safe: House and Senate Prevent "Cow Tax"

IRS to Check Out Mortgage Interest Fraud

News About New PTIN Requirements and Licensing of All Preparers.

Requirement that Enrolled Agents in New York have a state license is repealed. Local chapter members can rejoyce.

Congress Urged to Scrap New Form 1099 Reporting Requirements

Proposed New Requirements for Tax Return Preparers: IRS Answers to Frequently Asked Questions

"Tax lady" Roni Deutch faces Calif. fraud lawsuit

Day trader nailed with $172 million tax bill, asks 'What's the IRS?'

 

 

There are official press releases regarding recent nearby or really interesting tax fraud convictions.

(You will have to use your back button to come back here after reading them.)

San Bruno Woman Sentenced for Failing to File Report of Foreign Bank Account

Merced Trucker Sentenced to a Year and a Day for Tax Evasion Related to Grain Thefts

Prison Inmates Sentenced in a Prison Tax Fraud Scheme

Stockton Woman Sentenced for Filing False Tax Returns  (She is not an EA but a CTEC preparer with expired registration.)

Chief Rabbi Pleads Guilty to Scheme to Defraud IRS with fraudulent contribution receipts.

Tax Protestor Gets Virtual Life Sentence   The US Attorney Press Release (Somewhat more reserved)

Sacramento CPA sentenced to 19.5 years in $13.5 Million Ponzi Scheme

Real Estate Investor pleads guilty to filing false documents in connection with an audit where $700,000 in capital gains was not reported.

San Joaquin CTEC Return Preparer sentenced to 18 months for preparation of false returns in false unemployment insurance claim scheme.

Rio Vista resident sentenced to six months in prison to be followed by six months of home confinement for fraudulent financial statement submitted with an Offer in Compromise

Visalia CPA Charged With Preparing False Income Tax Returns:  CPA assisted in the preparation of false tax returns by inflating and fabricating deductions and expenses on many of the returns prepared for his clients

Sacramento Real Estate Investor Pleads Guilty to Submitting False Documents: Investor admitted that he falsely under reported $700,000 the capital gains. When his return was audited, he submitted a number of false and forged documents to "substantiate" the false information in his return.

Salinas CTEC licensee gets 15 months for preparing fraudulent returns.

San Mateo Man Gets 72 Months for $5 Million Fraudulent Refund Claim.

Former Jackson-Hewitt Manager and CTEC licensee admits to falsifying more than 52 tax returns

 

Return to the Home Page