Income Tax

With the "fiscal cliff" looming and the Obama administration desperately searching for new revenue, once-sacred cows -- from the home mortgage interest deduction to Social Security to Medicare -- all have been subjected to scrutiny.

Randall Silver, 43, of New Hyde Park, N.Y., pleaded guilty on December 13 to one count of conspiracy to commit wire fraud, bank fraud and money laundering, and one count of wire fraud. SILVER was a Vice-President of Finance and Chief Financial Officer at the Oxford Collection Agency, Inc.

A former SunTrust Bank Vice President was sentenced to 10 months in federal prison for embezzlement and other related crimes Wednesday.

United States Attorney Robert E. O'Neill announces the return by a grand jury of a fifty-seven-count indictment charging Rashia Wilson (27, Wimauma) and Maurice Larry (26, Tampa) with conspiracy and multiple counts of wire fraud, filing false tax returns, theft of government property, and aggravated identity theft. Wilson is charged with one count of conspiracy, nine counts of wire fraud, 19 counts of filing false tax returns, 14 counts of theft of government property and 14 counts of aggravated identity theft.

A Montgomery accountant has been sentenced to 38 months in federal prison for embezzling about $440,000 from an elderly client's account, the U.S. Attorney's Office announced Wednesday.

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.

The former business manager of a prominent Edmond church was charged Monday with eight felony counts, authorities said.

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.