The IRS Security Summit reminds tax professionals to take additional precautions to safeguard client data. The annual Security Summit campaign begins July 19th, with a series of five weekly news releases with information on how to protect federal and state tax...
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Tax Crimes
The IRS’ Position on Abusive Micro-captive Insurance Transactions is Upheld
While micro-captive insurance policies may be about as clear as mud to many people, what is crystal clear is that a U.S. Court of Appeals affirmed the IRS’ position that abusive micro-captive insurance transactions are sham transactions resulting in a disallowance of...
Look Out for Tax Scams
Now that filing season is done, many tax professionals are taking a well-deserved break – but the IRS warns that tax scammers work all year long. Spear phishing was featured on this year’s “Dirty Dozen” list of common scams for tax professionals to be aware of. Spear...
Cheesesteak Restaurant Owners Plead Guilty to Tax Conspiracy
For more than a decade, two owners of Tony Luke’s Philadelphia Cheesesteak Restaurant paid employees partially in cash in order to defraud the IRS by reporting and paying lower payroll taxes. They were also charged with conspiracy to defraud the government by...
California Man Found Decades After Evading the IRS
In December 2000, Robin J. McPherson, formerly of San Diego, plead guilty of conspiring to defraud the IRS, and for tax evasion. McPherson was the President, CEO, and co-owner of Continental Wireless Cable, Inc., a telemarketing company that sold more than $30...
Cannabis Property Seized By State Now Up for Sale
Last month the California Department of Tax and Fee Administration (CDTFA) auctioned off two properties seized due to illegal cannabis sales. One of the properties, in Whittier, owes over $850,000 in taxes to the state which the CDTFA hopes to recover from its...
New Department of Justice National Cryptocurrency Enforcement Team
With the increased popularity of cryptocurrency, comes the rise of cybercrimes. Cryptocurrency can and is being exploited by criminals using ransomware, hacking tools, and extortion schemes. The Justice Department has created the National Cryptocurrency Enforcement...
California Businessman Indicted on Tax Charges
The importance of paying over employment taxes cannot be overstated. Larry Kudsk, a Berkeley construction businessman, learned this the hard way recently when he was indicted on seven counts of failing to pay over employment taxes he withheld from employee’s...
IRS Top 10 Criminal Cases of 2021
From bitcoin exchange owners to a former pastor, the IRS identifies the top 10 criminal cases of 2021 which includes frauds that were committed against charitable organizations, unsuspecting consumers of solar products, illegal investment scams known as Ponzi schemes,...
Tax Fraud Teacher Charged
Traci Austin, the owner of Emeryville Tax Services in Brentwood, California, has been charged with not only preparing fraudulent tax returns for her clients, but also teaching students how to manipulate returns for profit as well. Austin allegedly charged her students...
