Tax blog

Tax blog
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Doctor’s Double Fraud: Tax Evasion and Medicare Fraud

Illinois physician admits to $1.6M in tax losses and fraudulent Medicare claims, facing significant penalties. An Illinois doctor, Krishnaswami Sriram, has pleaded guilty to tax evasion and Medicare fraud, admitting to hiding assets and submitting false claims, resulting in significant

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Tax blog
iFind Taxpro

R&D Tax Credit: New IRS Rules Demand CPA Expertise

Master Form 6765’s changes to protect clients and maximize innovation incentives. Recent IRS updates to Form 6765 introduce new reporting requirements for the R&D Tax Credit, demanding CPAs to adapt their compliance strategies. Key Focus: Compliance and Maximizing Tax Benefits

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Tax blog
iFind Taxpro

LLC Tax: Spouses and Partnership Rules Explained

Understanding the Tax Implications for Married Couples in Business Depending on state laws and elected tax status, married couples co-owning an LLC face unique tax considerations. Key Focus: LLC Structures and Tax Treatment Single-Member vs. Multi-Member LLCs LLCs are structured

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Tax blog
iFind Taxpro

Florida Sheriff’s Deputies Sentenced for $41K PPP Loan Fraud

Broward County Deputies Receive Lenient Sentences for Falsifying Pandemic Loan Applications Two former Broward County Sheriff’s Office (BSO) deputies, Carolyn and Tracy Wade, have been sentenced for their involvement in a PPP loan fraud scheme, receiving lenient sentences despite breaching

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