Income Tax
Businesses upped bonuses and dividends before fiscal cliff deal was reached
As 2012 ended and businesses and employees alike waited for Congress to resolve the crisis over the "fiscal cliff," many did what any good businessperson would do: they paid themselves early.
Tax preparer gets 5 years in prison for filing fraudulent returns
A Macon, Georgia, tax return preparer was sentenced to five years in prison Wednesday and pay more than $200,000 restitution after he pleaded guilty to filing false claims for tax refunds, according to the U.S. attorney's Office.
Americans willing to raise payroll taxes to save Social Security
Even though wage earning taxpayers are already paying an extra 2 percent this year after the expiration of the payroll tax cut, a new survey shows that Americans are willing to pay more to preseve Social Security.
Forensic accounting detects $100k embezzlement: Charges filed
The former manager of a Richland Township, Pennsylvania, business was ordered to stand trial on charges that he embezzled more than $100,000 during a five-year period.
H&R Block loses court case to get TurboTax ads blocked in Missouri
Earlier this week, the U.S. District Court for the Western District of Missouri denied an attempt by tax preparation chain H&R Block to stop Intuit from continuing to air two TV commercials for TurboTax.
Florida woman faces potential 351 years in prison for tax fraud
A Fort Lauderdale, Florida, woman was convicted of heading an identity theft tax fraud scheme that netted $11 million in federal tax refunds and involved the filing of approximately 2,000 fraudulent tax returns, federal prosecutors said.
Five W-2 tips for wage earners
Verify, check and review. With tax season getting underway, the American Payroll Association has offered a few tips to help wage earners "get the most from their Form W-2."
The “Gifting Table” case: Tax expert testifies in Connecticut trial
Mary Jo Walker said she was "intrigued" by her long-time friend's invitation to join a women's group that offered shoulders to lean on and a way to make $40,000.