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
IRS Warns Taxpayers Against Misleading Social Media Tax Advice The IRS is cautioning taxpayers about the dangers of false tax advice circulating on social media platforms, which can lead to penalties, audits, and criminal charges. Key Focus: Misinformation and Consequences
CPA Faces Up to 31 Years in Prison for Falsifying Documents and Failing to File Tax Returns Timothy Trifilo, a D.C.-based accountant, has pleaded guilty to mortgage fraud and tax evasion, admitting to falsifying mortgage documents and failing to file
Vivid Inc. CEO Admits to Failing to Pay Employment Taxes John Comeau, CEO of Vivid Inc., has pleaded guilty to employment tax crimes, resulting in a $1.15 million loss to the IRS, highlighting the severe consequences of non-compliance with federal
Dale Thrush Faces Over 15 Years in Prison for Payroll and Filing Violations Dale Thrush, a Michigan businessman, has been convicted of multiple employment tax crimes and willful failure to file personal tax returns, highlighting the serious legal risks for
Drexel University Professor and Pharmacy Owner Faces Two Years for Tax Fraud Gordian A. Ndubizu, an accounting professor and pharmacy co-owner, has been sentenced to two years in federal prison for tax evasion and filing false tax returns, highlighting the
Navigating IRS Rules for Foreign-Held Crypto Many investors hold cryptocurrency in foreign exchanges or offshore accounts, raising questions about tax reporting obligations, particularly regarding FATCA Form 8938. Understanding these rules is crucial to avoid costly penalties. Key Focus: Compliance and
Navigating Evolving Tax Rules for Digital Assets: What Taxpayers Must Know The IRS has introduced new guidance regarding cryptocurrency taxation, including Revenue Procedure 2024-28 and Notice 2025-7. These changes aim to clarify reporting obligations and enhance tracking requirements for digital