Taxes
Latest News
IRS-CI Releases Its FY 2024 Highlight Reel
AICPA Releases Statement on BOI Injunction, FinCEN Appeal
PCAOB Says Audit Firm Culture is Tied to Audit Quality
PCAOB Punishes New York Audit Firm, Three Partners for Deceiving Inspection Staff
Museum director pleads guilty to embezzlement
The former director of the Lewis County Historical Museum in Washington state, who had been accused of draining the museum's endowment fund of nearly a half of a million dollars, pleaded guilty last week to four counts of felony theft as a result of a plea agreement that came more than a year after the complicated embezzlement case began.
California lawmakers propose several changes to state fees and taxes
California's legislative leaders vowed to act with austerity after voters passed billions of dollars in tax hikes last November.
Hospital chain fined $7 million for unpaid wages
California labor officials have fined a Southern California hospital chain, Pacific Health Corp., more than $7 million for not paying employee wages and bouncing payroll checks.
IRS deputizes local police and sheriff officers in Florida to help fight tax fraud
The Internal Revenue Service has deputized law enforcement officers from 10 Tampa Bay-area agencies as a part of the Tampa Bay Identity Theft Alliance, which investigates allegations under federal bank and money laundering laws and exercise authority outside their current jurisdictions as local officers.
New Jersey delaying income tax refunds by up to 3 months
New Jersey is delaying income tax refunds to more than 13,000 filers by as long as three months as part of an effort by the state Treasury Department to reduce what it says is the growing problem of tax-refund identity fraud.
Californians facing challenging tax season
Live in California and earn $250,000 last year? Yes, you'll probably pay more in state taxes. Paying back a student loan? You might be able to deduct more from federal taxes than you expected. Commute to work? You could get a break, too.
Ex-IRS worker convicted of tax fraud and extortion
A former IRS worker faces more than 15 years in prison after a jury convicted her Wednesday of masterminding a scheme to collect thousands of dollars in refunds by filing bogus claims for tax credits.
Texas legislator, a CPA, seeks changes to state peer review system
Texas Representative Phil Stephenson, a CPA, recently filed two bills affecting CPAs and small businesses in Texas.