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Georgia Tax Preparer Guilty of Filing $3 Million in Fraudulent Returns

CPA Practice

27)—A tax preparer who admitted to filing more than $3 million in fraudulent tax returns on behalf of her clients is facing up to 30 years in prison for her crime. Crawford is not representative of most tax preparers who provide honest services to their clients. (TNS) ATHENS, GA (Nov. District Judge Tilman E.

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New IRS Guidance on Reporting ERC Refund

Dent Moses

On March 20, 2025, the IRS issued new FAQ’s as guidance to businesses understand how to properly report Employee Retention Credit (ERC) refunds on their income tax returns. It covered qualified wages paid between March 13, 2020, and September 30, 2021, with a longer period allowed for certain startup businesses.

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AICPA News – July 2025

CPA Practice

Projected revenue growth for the next 12 months (1%) is at its most anemic level since the third quarter of 2020, when many businesses were curtailed by the coronavirus pandemic. Employee Benefits Tax TRP Provide a Revenue Procedure related to Section 305 of the SECURE 2.0 Partnership Tax TRP Remove Treas. last quarter.

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Year-End Tax Strategies for Businesses

Withum

Section 179 expensing, unlike bonus depreciation, can give rise to state income tax benefits. Cost segregation is recognized as an engineering-based tax study accepted by the IRS. years) to a shorter depreciable tax life (e.g., 179D Expensing: The energy-efficient commercial buildings deduction under Sec.

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Tax Fraud Blotter: Getting personal

Accounting Today

He underreported his taxable personal income, which resulted in his evading at least $1.9 million in income tax. West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion. Upton, Massachusetts: Former attorney Paul Anthony Conte has pleaded guilty to evading taxes. million in taxes.

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Tax Fraud Blotter: Prep perps

Accounting Today

.: CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 million during that time.

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Tax Fraud Blotter: Sick excuses

Accounting Today

Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. She operated the tax prep business Sick Credit Repair Tax and Legal Services and represented herself as an income tax preparer.

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