Saturday, October 24, 2020

Making Ends Meet

Sometimes, it’s hard to make ends meet when more money is flowing out than in. With some careful planning though, most people can manage to pay the bills and save a little on the side by simply adhering to a budget or getting a second...

No Mo’ Money

The Earned Income Tax Credit (EITC) is a refundable tax credit for low- to moderate-income individuals and families. The amount of the EITC benefit, which depends on the taxpayer’s income and number of children, provides a much-needed refund for poor families who have stretched their dollars...

No Integrity

To maintain the integrity of MaineCare, Maine’s Medicaid program, regular audits are performed to protect against fraud, waste and abuse. The healthcare program uses referrals, complaints from other state agencies, healthcare providers or members, and data analysis to detect patterns or trends that may indicate fraudulent actions....

Off to Prison She Goes

The U.S. Tax Code is complicated, so it’s easy to understand how some individual taxpayers may inadvertently fail to comply with the tax law as defined by the IRS. (That’s why many people run to the nearest tax preparer to dump several inches of financial paperwork...

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...

The Right to Pay Taxes

When an individual is convicted of a felony, they lose the right to vote, travel abroad, bear arms or own guns, serve on a jury, work in certain fields, public social benefits and housing and parental benefits. One of the rights that felons, not to mention...

Games People Play

There are two types of mind games. Individuals who want to maintain a healthy brain keep their mind active by completing activities such as crossword puzzles, Sudoku, learning how to play a musical instrument or doing something they’ve never done before. The other type of mind...

Covering Assets

In today’s “Fraud of the Day,” a Las Vegas, Nevada man tried to guard against the legal ramifications of hiding more than $3 million dollars in assets from the Internal Revenue Service (IRS). Read on to find out how his tax fraud scheme and his hidden...

Engineering Fraud

Criminals go to great lengths to engineer fraud schemes that are undetectable. The owner of a Honolulu, Hawaii-based engineering services firm and his accountant carried out what they thought to be a well-designed plan to divert money that was intended for federal employment and income taxes...

Faker

Not to be an alarmist, but if you somehow forgot to file your 2018 Income Tax Return, you’ve got until 11:59:59 pm tonight. If you need more time, visit the IRS website here to find out how to file  an extension. (Just a suggestion – don’t...
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