Sunday, February 25, 2018

Finding the Truth in Fiction

Fiction often has an element of truth to it, but isn't quite accurate when compared to reality. (Fictional persons, places or things can be used to hide the truth, throwing those seeking justice off base.) A Department of Justice press release tells about a...

Fraudulent Operation

Business owners are responsible for paying a variety of taxes for each employee. This is usually done over four installments during the tax year. An article in the Times of Northwest Indiana reports that an ear, nose and throat surgeon collected the...

A Taxing Situation

Businesses often seek employer contract services from staff-leasing firms to decrease administrative burdens. These firms help small and mid-size businesses that don't have adequate staff to lessen their paperwork load and better manage their resources. But, if due diligence is not performed...

Crooks Defrauding Crooks

Some days you're the windshield and some days you're the bug. Today's fraud report is about a man who tried have it all and get rich by committing tax refund fraud and now has plenty of time to think about his actions. According to...

Alert to Looted Treasures

Listen to this Story Antiquities dealers who sell exotic works often acquire them from other countries. Collectors can write off the value of paintings that they donate to museums on their taxes. But what happens when dealers smuggle stolen...

Certainty

Benjamin Franklin once said that the only things certain in life are death and taxes. He forgot to add one more certainty - if caught stealing money from the U.S. government, a prison sentence is sure to follow. Today's ''Fraud of the...

Sole Responsibility

The Internal Revenue Service (IRS) issues an annual list called the ''Dirty Dozen,'' which details the top 12 tax scams that taxpayers need to know about. The agency's goal is to educate and prevent honest taxpayers from falling victim to any of these illegal...

Evading Everything

Fraudsters tend to think they should receive a special exemption when it comes to paying taxes. Today’s “Fraud of the Day” reveals a Southern California businessman who evaded millions of dollars in personal and business-related taxes owed. His tax evasion tactics led to a...

Commonalities

What do luxury cars, a $3.5 million residence in California and private jets have in common? A press release from the Department of Justice states that a husband and his wife enjoyed all three of these benefits as a result of their fraudulent...

Seeking Shelter

Just as a properly built shelter provides a place of rest and relief from outdoor elements, a tax shelter can provide relief from the amount of income tax owed. (Who wouldn't like to be relieved of owing money to Uncle Sam?) An article published...
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