Income Tax
Jury convicts businessman, former accountant of tax evasion of $50 million
Once a co-owner of one of the nation's largest precast concrete manufacturers, John Stanton is now facing up to 10 years in federal prison after a federal jury convicted him Monday of federal tax evasion charges.
Church’s former business manager charged with embezzlement, 8 felonies
The former business manager of a prominent Edmond church was charged Monday with eight felony counts, authorities said.
Guide to giving year-end gifts to charities
As the end of December closes in, many people's holiday ritual includes pulling out the checkbook and a list of charitable organizations they support year after year. Besides helping those in need, the gifts translate to deductions on next spring's tax return.
Tennessee tax preparer loses firm; Accused of investment fraud scheme
A Tennessee tax preparer in the city of Soddy-Daisy will will lose his firm in the first step by bankruptcy trustee Jerry Farinash to track down millions of dollars of investors' money that has disappeared.
Landscaping business owner sentenced for bankruptcy fraud
An owner of a Lakewood, New Jersey, landscaping business has been sentenced to 18 months in prison for concealing assets in connection with his November 2008 bankruptcy petition, authorities said.
Police board wants cop suspended for alleged tax scam
A police board found officer Elaine Thomas, a 15-year veteran of the force, guilty Wednesday of an alleged tax scam and recommended that she be suspended for 30 days without pay.
Premier of Cayman Islands arrested for financial crimes
The premier of the Cayman Islands, McKeeva Bush, 57, was arrested early Tuesday morning and detained in police custody in connection with a number of ongoing police investigations.
What the 2013 Fiscal Cliff Means for Employers and Job Seekers – A Call to Action for Accountants
The "fiscal cliff" looms over the minds of business investors as Bush era tax cuts are scheduled to expire soon. Among other things, this could mean an increase of $2000 in income taxes for middle class families.