California lawyer’s case underscores the government’s intensified efforts to prosecute tax evasion among high-earning professionals. A California attorney has been indicted on federal tax charges for allegedly evading taxes, filing false returns, and failing to file tax returns. The indictment,
Affected individuals and businesses gain extra time to file and pay due to severe storms. The IRS has extended tax deadlines for individuals and businesses in six West Virginia counties affected by severe storms, providing them until Nov. 3, 2025,
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
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
Government’s Move Raises Privacy and Deportation Concerns The Trump administration’s pursuit of IRS data on undocumented immigrants has sparked concerns over privacy, deportation risks, and economic impacts. Key Concerns: IRS-DHS Data Sharing: What’s Happening? The government is actively seeking taxpayer
Implications for U.S. Businesses and Beneficial Ownership Reporting The interim final rule issued by the Financial Crimes Enforcement Network (FinCEN) on March 21 marks the end of an on-again, off-again saga for millions of small businesses that began in late
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
Navigating the World of VAT for Global Business Operations If your business operates internationally, it’s crucial to understand Value-Added Tax (VAT), a widespread consumption tax affecting businesses in various ways. Key Focus: VAT Mechanics and Compliance What is VAT? VAT
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
Eston Melton Faces Felony Charges Over Unpaid Taxes and Asset Transfers A prominent Miami lobbyist, Eston “Dusty” Melton III, has been charged with federal tax evasion for failing to pay over $1.3 million in taxes, highlighting the IRS’s increased enforcement