A Tennessee woman has admitted her role in a $10.8 million scam intended to defraud the Internal Revenue Service (IRS) and pleaded guilty to conspiracy to defraud the U.S. and conspiracy to commit money laundering.
A former employee of Lundy Law pleaded guilty this week to four counts of subscribing a false federal income tax return. He is accused of hiding hundreds of thousands of dollars in income from the IRS.
To combat identity theft-related tax fraud, Rep. Jim Renacci (R-OH) introduced H.R. 3832, or the Stolen Identity Refund Fraud Prevention Act of 2016. The bill, which was co-sponsored by Rep. John Lewis (D-GA), Ranking Member on the Ways and Means Subcommittee on Oversight, passed the House on May 15, 2016.
It’s no secret that tax refund fraud is big business for scammers. Congress thinks it has a plan to stay ahead of the scammers. There’s just one problem: in the attempt to slow tax refund fraud, millions of families may have a longer wait next tax season to get their refund.
This week, Michael Mancil Brown was convicted of six counts of wire fraud and six counts of using facilities of interstate commerce to commit extortion. Brown claimed that he had been able to access PricewaterhouseCoopers’ internal computer network in order to steal tax documents belonging to then presidential hopeful Romney.
According to recent Internal Revenue Service (IRS) data, Americans earning over $100,000 paid 79.5% of federal income taxes in 2014. Here’s what else you need to know.
Thomas Ziff pleaded guilty to one count of filing a false tax return. As a CPA, he knew better, but claimed he was overwhelmed by personal circumstances and begged for leniency. Today, he learned his sentence.
A federal bankruptcy judge has found “clear and convincing evidence” that businessman and former Texas billionaire Sam Wyly and his now-deceased brother, Charles Wyly, committed tax fraud. The result could be a bill from Internal Revenue Service (IRS) totaling close to $1 billion.
As the fallout from the release of data related to the Panama Papers continues, more recognizable names are circulating, including Emma Watson, the popular activist and actress who played Hermione Granger in the Harry Potter movies.
The International Consortium of Investigative Journalists (ICIJ) will make public a searchable database from the infamous Panama Papers later today. Here’s what you need to know before you click.