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Tax Fraud Blotter: Garbage in…

Angel of fraud; time with the kids; from one cell to another; and other highlights of recent tax cases. Louisville, Kentucky: Attorney Keith Hunter has been convicted for engaging in tax evasion. Hunter evaded federal income taxes, penalties and interest for 2000, 2001, 2002, 2006, 2008 and 2011, a total

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IRS audited former FBI directors Comey and McCabe

The Internal Revenue Service reportedly audited the taxes of former FBI directors James Comey and Andrew McCabe under a rarely used program that subjects a very small group of taxpayers to intense scrutiny and is supposed to be randomly selected, with some suggesting the audits may have been politically motivated.

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In the blogs: While we’re on the subject…

Good points to the IRS; avoiding partnership; sharpen your marketing; and other highlights from our favorite tax bloggers. While we’re on the subject Solutions for CPA Firm Leaders (http://ritakeller.com/blog/): A recent poll found the top five reasons for employee burnout — and four “almost describe the way of life in

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Art of Accounting: Making time to get everything done

An ongoing protest I get from colleagues is that they do not have enough time to get everything done. Time management is a personal issue and it is hard to tell someone what they should or should not do. A suggestion to help you better manage your time is to

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On the move: LBMC adds five shareholders

Citrin Cooperman, New York, launched its new website featuring thought leadership and multiple interactive channels for visitors.  Friedman appointed, to partner: Sungjoo Hong and Anthony Rodriguez, New York; and Sophia Li and Richard Ouyang, China; to principal: Gurmeher Allagh, Danielle Cass, Joseph D’Auria, Philip DiBartolomeo, Robert DiSpaltro, Angela Gebert, Charlene

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IRS helps shut down bank for tax evasion, money laundering

The Internal Revenue Service’s Criminal Investigation division worked with tax authorities abroad on a joint operation that eventually led to the shutdown of Euro Pacific International Bank by officials in Puerto Rico. IRS CI officials described their work during a press conference Thursday with other members of the Joint Chiefs

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Tax Fraud Blotter: Everybody dance now

Pawn king; tell us where it hurts; check’s not in the mail; and other highlights of recent tax cases. Fort Lauderdale, Florida: Tax preparer Guy Telfort has pleaded guilty to criminal contempt for continuing to prepare and file returns with the IRS in violation of a federal court order barring

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ETAAC praises IRS e-file initiatives, slams ‘funding uncertainty’

The IRS Electronic Tax Administration Advisory Committee said in its recent report that the service has demonstrated its skill at executing appropriately funded technology and process modernization projects, but warned it will need more support if it wants to meet its true potential. One example of efforts that have recently

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In the blogs: Difficult but important

Holes in a proposed gun tax; IRS budget-to-be; offshore account troubles; and other highlights from our favorite tax bloggers. Difficult but important Tax Pro Center (https://proconnect.intuit.com/taxprocenter/): The busy season eventually fades into the off season, which in turn gives way to the second busy season before you can finally follow

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State legislatures considering hundreds of sales tax bills

An estimated 800 sales tax bills are under consideration by state legislators each month, according to a new report, as lawmakers grapple with the complexity of sales and use tax four years after the Supreme Court handed down the South Dakota v. Wayfair decision.  The report, released Wednesday by the

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