Monday, October 26, 2020

Everything Is Not Coming Up Roses

The floral business is fairly easy to get into, but it is very competitive. Survival can be tough. An Upper Southampton, Pennsylvania couple, who ran an online flower business out of Orlando, Florida, made a very expensive mistake by neglecting to pay their taxes...

Nothing New Under the Sun

There are many ways that individuals and businesses go about neglecting to pay taxes to the Internal Revenue Service (IRS). Some simply fail to file a tax return. Others who do file a tax return may claim false deductions or omit income to have...

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...

Repeat Offenders

It is interesting to examine the rate of recidivism, or the tendency for a convicted criminal to become a repeat offender. According to a special report by the U.S. Department of Justice, 68% of released prisoners were arrested within three years, 79% within six...

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...

Tithe or Tax?

Two brothers formerly of Utah, who claimed to be tax preparers, were sentenced to two years in prison each for conspiracy to file false tax claims. The brothers filed over 700 false tax returns for themselves and for others over six years, according to...

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...

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...

Help Yourself

There are several places where it’s ok to help yourself. For example, at an “All You Can Eat Buffet,” it’s ok to fill your plate as many times as you’d like as long as you pay for it. While staying at a hotel, travelers can...

Deliberate

Medicare and Medicaid beneficiaries who receive home healthcare services are required to use providers approved by the Centers for Medicare and Medicaid Services (CMS). (CMS is explicit on compliance requirements so that beneficiaries receive good healthcare and providers receive payment for their claims in a timely...
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