Recent Articles
IRS Dirty Dozen Tax Scams to Watch Out for in 2025
Protecting Yourself from Fraudulent Schemes The IRS annually releases its “Dirty Dozen” list to alert taxpayers, businesses, and tax professionals about prevalent scams. Staying informed is crucial to safeguarding your financial and personal information. Core Message: Vigilance and Awareness The...
Nevada Woman Admits to $98 Million COVID-19 Tax Fraud
Las Vegas Business Owner Pleads Guilty to Massive Fraudulent Scheme A Nevada woman has pleaded guilty to orchestrating a massive COVID-19 employment tax fraud scheme involving the filing of over 1,200 false tax returns and fraudulently claiming millions in refunds. ...
Florida Financial Advisor Admits to Massive Tax Fraud and Client Theft
Delray Beach Advisor Pleads Guilty to Multi-Million Dollar Scheme A Florida financial advisor, Stephen T. Mellinger III, has pleaded guilty to orchestrating a nearly decade-long conspiracy involving an illegal tax shelter, false tax returns, and the theft of millions from...
Tax Court Slams Freelance Movie Critic for Misclassifying Income
Freelancers Beware: Misclassifying Income Leads to IRS Penalties A recent Tax Court decision involving a freelance movie critic serves as a stark reminder for freelancers and online sellers: accurate income classification is crucial. The court ruled against the taxpayer, who...
Federal Court Cracks Down on Texas Tax Fraud Scheme
IRS and Justice Department Victory: Shutting Down Illegal Tax Practices The IRS and the Department of Justice have secured a significant victory in their ongoing battle against tax fraud, with a federal court issuing a permanent injunction against a Texas...
Tax Court Rules S Corporation Owner Liable for Phantom Income
Despite Embezzlement and Unreceived Distributions, S Corporation Shareholder Must Pay Tax The Tax Court has ruled that an S corporation shareholder must pay taxes on income he never received, reinforcing a critical tax principle that affects many business owners. In...