Saturday, March 23, 2019

Paranoia

Just the mention of “Internal Revenue Service (IRS)” or “taxes” in general is enough to cause paranoia in some individuals. Then, consider the fake robocalls that often trick consumers into paying money to the agency via credit card or wire transfer. (Just so you know, the...

Paying Debts

Debt can be crushing. Mortgage owners can easily get behind on monthly payments when an anticipated job promotion doesn't come through or a surprise company-wide layoff occurs. Graduates trying to pay back their school loans can also get behind just trying to navigate the...

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...

Controlling the Purse Strings

The person who controls the purse strings within a business decides how the money is spent. It is a position of power and one that caused a home healthcare owner from Guysville, Ohio to commit Medicaid fraud and tax fraud. She let greed drive...

The Taxman Cometh

Listen to this Story There are a variety of reasons why an employer may not pay employment taxes. One may be that the company uses the government as a bank and borrows the money with the intention of paying...

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...

Fraudulent Fowl

Have you ever wondered why eggs are packaged and sold by the dozen? The reason why actually dates back to the first century when an egg could be sold for a penny, or 12 for a shilling (which was equal to 12, or a...

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...

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...

Pool Party

In the middle of the dog days of summer, who wouldn't want to lounge around a private swimming pool with a cool drink in hand and a good book? As reported in an article posted on WCHStv.com, it appears a West Virginia businessman...
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