We’re gearing up for tax season around here, already beginning to help certain clients get their returns ready for filing (yes, this early) when the IRS begins allowing receipt of electronically-filed returns on the 29th of this month. And while we have been doing so, we have heard some things I wanted to tell you… Read More

We’re in that annual holiday lull during which most of the country takes things real easy, tries to recover from all of the parties, and gears up for a new beginning. For tax professionals, however … well, let’s just say that we don’t often get a “normal” holiday season, and this year is even more… Read More

As I write this, the Senate has passed their version of the tax reform bill, and now we wait for the final version of the bill. The process isn’t yet finished (it needs to go through the “reconciliation” process, and the President needs to sign it), but we have some basic ideas about what’s to… Read More

Shameka Carr, formerly of Poplar Grove, Il, was sentenced to 87 months in prison, three years supervised release and ordered to pay $365,764 in restitution to the IRS. From 2012 to 2014, Carr used stolen IDs requesting refunds in the form of prepaid debit cards and refund checks mailed to addresses she controlled. In court,… Read More

It took a U.S. Senator, Amy Klobuchar from Minnesota to finally reverse the false declaration that Adam Ronning, 33, was deceased after he tried for 29 years. The error started when Ronning was 4 years old, and his mother received a letter stating that she could no longer receive child support because somehow the IRS… Read More

Husband and wife attorneys, Edward “Ted” Millstein and Susan Halpern from Rittenhouse, PA, were indicted on charges of willfully attempting to evade taxes. Prosecutors state that Millstein concealed their assets, lied to IRS agents about their income, and put money and property in the names of others to avoid paying taxes. It’s not the first… Read More

For years, the IRS has warned taxpayers about the tax scam calls in which scammers pretend to be from the IRS and threaten the taxpayer with wage garnishment or imprisonment unless they pay that day by getting prepaid cards or depositing cash into bogus bank accounts. But the IRS made major revisions to the IRS… Read More

A businessman from High Point, NC, Michael Rowan, who provided financial services to professional athletes, including NFL players was sentenced to 65 months in prison for filing a false 2011 tax return and wire fraud. Rowan would contact prospective NFL players in college offering them financial and wealth management services. Upon being drafted by the… Read More