Income Tax
Affordable housing developer faces investigation on tax credits
A Miami federal grand jury is investigating South Florida's preeminent affordable-housing developer, the Carlisle Development Group, on allegations that it bilked the U.S. government out of millions of dollars in tax subsidies used to finance more than a dozen rental projects in Miami-Dade and Broward counties.
Money Laundering Gets Anti-Tax, Anti-Government Protester 8 Years in Prison
A member of an anti-government movement known as the "Sovereign Movement," has been sentenced to 98 months in prison, followed by three years of supervised release, for his role in a money laundering conspiracy.
IRS missing more offshore taxes than it’s collecting
In a recently released report to Congress, the U.S. Government Accountability Office (GAO) says that while the IRS has collected billions of dollars from offshore tax evasion, it may be missing even more.
IRS Digging into Taxpayer Holdings in Caribbean Banks
A federal court in San Francisco has granted an order authorizing the U.S. Internal Revenue Service (IRS) to serve a summons seeking information about US taxpayers who may hold offshore accounts with FirstCaribbean International Bank (FCIB), a subsidiary of Canadian Imperial Bank of Commerce.
The ‘Busy Season’ That Almost Wasn’t
As we wrap up another busy season, we have the chance to catch our breath and reflect on the past few months. When reflecting to the beginning of 2013, many of us recall the fear of the unknown on various tax guidance and advice we had given the previous year.
The Online Sales Tax is Coming: Is it Fair?
Bipartisan Majority Overwhelmingly Supports a Level Playing Field for Main St. Retailers
IRS report on tax-exempt colleges cites ‘significant compliance issues’
The Internal Revenue Service today released its final report summarizing audit results from the IRS’ colleges and universities study, which began in 2008. This final report describes the agency’s multi-year project on a major segment of tax-exempt organizations.
The Hidden Wallet: 5 things owners buy with a secret stash of cash
Most business owners buy annual tax and assurance services from their accountant easily enough, but when it comes to investing in business advice, owners can be hesitant. Entrepreneurs reckon they know their business better than anyone and many take the attitude “if it ain’t broke, why fix it?”