Tax Fraud

The self-proclaimed “Grand Sheik” of a Moorish temple in Chicago was sentenced to nearly six years in prison Friday for defrauding the IRS out of $3.2 million.

According to Entrepreneur Magazine, family businesses experience success when there is unity among family members, a mission that goes beyond financial gain, a vision, and a plan for the next generation. A woman from Grand Rapids, Michigan was the matriarch of a family tax...

Not all bank robbers wear a black ski mask and enter through the front doors toting a firearm. Some operate smugly from within the walls of a financial institution, concealing that they are diligently transferring funds to bank accounts they manage. Today’s fraudster is a former...

State and local governments depend on revenue from property tax collection to provide many vital community services such as education, public works, public safety and social services. While most citizens are responsible and pay their taxes, there are others who don’t pay their fair share. When fraudsters evade tax and revenue departments by inaccurately reporting property values or usage, not filing taxes or engaging in other fraudulent activities, the result causes lost revenue and back taxes totaling millions of dollars.

 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...

According to a recent report, there were 16.7 million victims of identity fraud in 2017. (That’s an eight percent increase over the previous year.) The new reality is that fraudsters are getting more sophisticated in their attempts to misuse their victims’ information for personal...

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...

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....

There are some parents who pawn their kids off to other relatives or friends to watch and take care of them as often as possible. Perhaps this is fun for grandparents who love to have their grandchildren visit on a regular basis, but today’s...

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...