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Mississippi, Texas storm victims get tax relief

Accounting Today

The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) 3 deadline for both states applies to individual income tax returns and payments normally due on April 15, 2025. For individual taxpayers, this means Oct. All rights reserved. © 2025 Arizent. All rights reserved.

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Tax Fraud Blotter: Sick excuses

Accounting Today

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. All rights reserved. © 2025 Arizent.

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Tax Fraud Blotter: Getting personal

Accounting Today

Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS. He underreported his taxable personal income, which resulted in his evading at least $1.9 million in income tax. 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 Philadelphia: Tax preparer James J.

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In the blogs: Answer unclear; ask again later

Accounting Today

Taxable Talk ( [link] ): In this years World Series of Poker, zero is the best tax number. TaxProf Blog ( [link] ): Rebecca Morrows "The Income Tax as a Market Correction" offers a profound ("somewhat cheeky") retort to the many economists who call the income tax inefficient. Virginia – U.S. © 2025 Arizent.

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Tax Fraud Blotter: Negative waves

Accounting Today

Whitman also has not filed an individual income tax return since 1997 and has made no tax payments since 2000. In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. Between 2002 and 2018, he generated millions of dollars in gross receipts sales.

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Tech news: Karbon Practice Management evolves into Practice Intelligence

Accounting Today

The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details. All rights reserved. © 2025 Arizent.