Going Concern
JULY 28, 2023
Beginning no later than 2011, Fulton was aware that Nix ran an illegal gambling business. Nonetheless, Fulton knowingly laundered Nix’s illegal gambling proceeds by continuing to provide financial services to Nix and providing access to the financial system. The IRS audit rate for large partnerships has dropped to less than 0.5%
PYMNTS
JUNE 14, 2019
The scheme came to light as part of an internal audit and spanned 18 months, allegedly. reports that a chartered accountant who had served with Deloitte had billed for more than 90,000 pounds in fake Uber rides. And in another instance of fraud, this time with wheels, accountancydaily.co The scheme took place over three years.
Going Concern
FEBRUARY 9, 2024
You gotta pay the piper’ on your winnings, says tax expert [ NBC10 Philadelphia ] All gambling winnings are considered taxable income by the Internal Revenue Service, even if you aren’t a professional gambler. You gotta pay the piper,” Romeo Razi, a certified public accountant based in Las Vegas, tells CNBC Make It.
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