IRS Targets More Swiss Banks
The IRS this week was granted permission from a federal judge in New York to demand even more records from Swiss bank UBS, which had previously been forced to reveal the identities of thousands of...
View ArticleFeds Charge 18 in $200M Scam
It may well be the largest credit card fraud ring in the nation, according to federal authorities who charged 18 people today with bank fraud for enacting a global scheme that stole $200 million over...
View ArticleIRS Survey: Most Are Against Tax Cheating
The IRS recently released its latest Taxpayer Attitudes Survey, which revealed that the vast majority of people, 87 percent, believe it is always wrong to cheat on your taxes, according to the...
View ArticleTax Probe Targets Lichtenstein
The U.S. Department of Justice is seeking information on possible sham foundations based in the Principality of Lichtenstein that may have been used to help U.S. citizens evade taxes, according to...
View ArticleBabies investing? No, just insider trading.
If people were going to wager on who would make more money in the stock market over 15 years, an experienced trader or a baby, most people would probably bet on the grownup.read more
View ArticleIRS to Step Up ID Theft Fight
The White House's latest budget proposal will include new measures to combat identity theft, according to the Associated Press. It will include harsher measures against those who commit tax-related...
View ArticleCan the IRS Read Your Emails?
The American Civil Liberties Union has reported that the IRS may be able to legally access taxpayers' emails without the use of a warrant, according to Slate.read more
View ArticleSkilling May Get 10 Year Deal on Sentence
Jeff Skilling, the former CEO of Enron who is currently sitting in federal prison for overseeing one of the largest and most notorious financial frauds in history, could be out of jail by 2018,...
View ArticleColleges Flunk IRS Compliance
After an exhaustive investigation into college and universities' compliance with regulations governing nonprofit entities, the IRS has released its final report, showing that many institutions of...
View ArticleBylaws and Code of Conduct Changed
At NYSSCPA's 116th Annual Election Meeting and Dinner on May 16, Society members voted overwhelming to approve changes to the Society bylaws and to adopt the AICPA Code of Conduct to replace its own...
View ArticleIRS Worker Charged w. Money Laundering
A 27-year IRS veteran has been charged with conspiring with others to launder the proceeds of marijuana sales, according to Accounting Today.read more
View ArticleSovereign Citizen Leader Gets 18 Years
James Timothy Turner, a leading member of the Republic for the united States of America (the lowercase 'u' is intentional), an organization that promotes the sovereign citizen movement, has been...
View ArticleTax Cheats May Lose Drivers License
Thousands of suspected tax cheats may lose their driver's license if they don't pay what they owe to the state of New York, according to the Associated Press.read more
View ArticleWar Tax Protestors Get Break
The IRS has concluded that failure to pay part or all of one's federal incometax as part of an anti-war protest is still unacceptable, but is not necessarily frivolous, according to Forbes.read more
View ArticleSEC Proposes Pay Disclosure Rule
It is known that the CEO generally makes a lot more money than most people in their company, but a proposal from the Securities and Exchange Commission would require public companies to disclose just...
View ArticleMadoff Accountant Arrested
Paul Konigsberg, an accountant with a business relationship with notorious fraudster Bernie Madoff stretching back for over 20 years, was arrested this morning by federal authorities, according to the...
View ArticleSEC IDs Mystery Insider-Traders
A pair of traders who arranged a large insider trade based on a Heinz aquisition who had previously been unidentified have been named by the Securities and Exchange Commission after having settled...
View ArticleMadoff Ensured Workers Were Newbies
Far from requiring a large number of high-level experts, the multi-billion Ponzi scheme of Bernie Madoff instead relied heavily on rank amateurs who wouldn't question what was being done, according to...
View ArticleNYS: Accountant Skirted $114K Tax Bill
In a situation that calls to mind rain on wedding days and free rides when you've already paid, a forensic accountant from Nesconset, NY was sentenced to three years probation for failing to pay...
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