Income Tax
Justice Department trying to close national tax preparation chain Mo’ Money Taxes
The U.S. Justice Department has long had an eye on Mo' Money and the tax preparation business. The focus intensified last year after hundreds of Mo' Money clients in several states alleged bounced checks, excessive fees and the failure of the business to pass along IRS refunds.
Intuit Canada named to list of ‘Great Places to Work’
Intuit Recognized as One the Best Workplaces in Canada
Oregon banks increase small business lending and charitable giving
A recent survey conducted by the Oregon Bankers Association shows that banks in the state extended more than $61 billion in total credit in 2011, with $2.7 billion dollars in loans to Oregon small businesses.
Wisconsin metal company’s HR manager indicted for alleged embezzlement of nearly $1 million in payroll scheme
The human resources manager for a major Milwaukee scrap recycling company has been charged with embezzling more than $1 million from the company over the past six years.
Licensing Tax Preparers: It’s necessary, and it’s going to happen soon
More than half of all tax returns filed with the Internal Revenue Service are prepared by professionals. That’s a substantial number of returns, so it is sad to see the number of preparers who make significant errors.
States increasing watch for fraud on income tax returns
To fight a growing problem of tax fraud, state authorities are flagging more tax returns as possibly fraudulent, part of a problem that tax authorities across the country are fighting.
IRS considering taxing employee perks like free meals, massages and other ‘motivators’
For thousands of Bay Area techies blessed to be working for benevolent behemoths like Google and Facebook, there could be an end to the free lunch. And the free shuttle to work. And maybe even the free haircut.
Fraud by unlicensed tax preparers is rising
Unethical tax preparers that pop up during tax season have found targets this year among unsuspecting people, particularly Latinos and lower-income filers.