Friday, December 14, 2018

Running Out of Gas

There is one primary thing that fuels fraud – greed. The former head of operations for a small Aleppo, Pennsylvania oil-and-gas company had plenty of greed to throw on the proverbial fire – enough to keep it burning for about four years while he...

Zapped!

 Three of the most common methods for committing business tax fraud are under-reporting income, over-reporting expenses and not reporting taxes at all. The owners of a Japanese steak house in Duluth, Minnesota chose to under-report their business income. They committed tax fraud by using...

Nothing Routine About It

During a routine traffic stop, a driver is usually questioned, asked to present a driver’s license, registration and proof of insurance. When an officer pulled over a man from Miami, Florida who was travelling through Lowndes County, Georgia, he found more than he ever...

Singing the Jail House Blues

The Chicago blues style of music originated in the 1950s and made its way across the United States and over the pond to the United Kingdom and beyond in the 1960s. The music, which is characterized by lyrics that express injustice, desire for a...

In Hot Water

A former resident of Pagosa Springs, Colorado is in some seriously hot water. (And, I’m not talking about the world’s deepest geothermal hot spring located there.)  Internal Revenue Service (IRS) Criminal Investigation agents effectively sunk today’s fraudster’s tax fraud scheme after they discovered he...

Swept Under the Rug

When new business owners set up their companies, it’s no secret that they must pay taxes to Uncle Sam. Depending upon the type of company established, businesses must pay income tax, estimated taxes, self-employment (if the company owner works for themselves), employment taxes, and...

Five Star Rating

The five star rating system is used across many industries to signify something is exceptional. We tend to think of a five star hotel as one that is posh and pricey. A five star rating on Amazon means that customers are satisfied with a...

She’s Not Smiling Anymore

Dentists specialize in smiles. (They can turn a frown upside down with a variety of options that usually cost a lot of money and are not covered by your dental insurance plan.) A Cordova, Tennessee dentist who owned two dental practices made a lot...

Waiting by the Mailbox

The old school method for receiving tax refunds used to involve waiting patiently for the mailman to drop it off in the mailbox. Today, the most efficient and safe way to receive a tax refund is via a direct deposit into your bank account....

Playing with Dynamite

TNT, another word for dynamite, is a chemical compound used mainly for demolition purposes and mining. A Danville, Virginia man, who named one of his two tax businesses using the same three letters, committed tax refund fraud which ignited the federal government’s determination to...
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