Income Tax
Federal court jury finds CPA guilty in $40 million scheme
An Ohio CPA was found guilty by a federal jury for leading a financial scam that took more than $40 million from investors in Ohio, North Carolina and Virginia.
$650,000 Medicare fraud results in three convictions in N.C.
A Charlotte, North Carolina, woman has been convicted in federal court jury of a Medicare fraud scheme that cost the government at least $650,000, prosecutors say.
North Carolina bookkeeper sentenced to 15 years for embezzlement
A woman who was convicted of stealing more than $800,000 from a local drug store has been sentenced to serve at least 15 years in prison.
A good market for CPAs: NYC suburb has most high income households
The combined cities of Bridgeport, Stamford and Norwalk, Connecticut, within commute distance of New York City, has the nation's highest percentage of households with high income at 17.9 percent, according to a report from the U.S. Census Bureau.
Pennsylvania property tax, rent rebate program applications now available
The rebate program benefits eligible Pennsylvanians age 65 and older; widows and widowers age 50 and older; and people with disabilities age 18 and older. The income limit is $35,000 a year for homeowners and $15,000 annually for renters, and half of Social Security income is excluded.
Group says that offshore tax havens cost U.S. $150 billion each year
The Massachusetts Public Interest Research Group says that large companies aren't paying their fair share of the state's taxes.
IRS seeks comment on dual use equipment
On Jan. 6, the IRS issued a notice seeking comments on dual-use property as it considers issuing new guidance to reduce disputes between equipment dealers and the agency.
11 indicted for filing taxes for 2,700 dead people
A South Florida ring accused of plotting to fleece $34 million from the U.S. government by filing phony tax returns in the names of thousands of dead people was indicted this week.