CPA Practice

JUNE 7, 2024

A federal jury convicted a Utah man on June 4, 2024, of tax evasion and forcibly retaking property that had been seized by the government to pay his outstanding tax debt. From 1999 through 2005, Cromar did not file any federal income tax returns or pay any tax. in taxes, interest and penalties.

Utah 95

Utah Tax income tax tax return 95

Going Concern

FEBRUARY 22, 2023

TL;DR Two guys and their accounting firm are accused of filing false tax returns and a touch of COVID relief fraud. Read: A federal grand jury returned an indictment on Feb. 1 charging two Utah County men and an accounting firm with claiming an excess of $11 million in tax credits through a COVID-related fraud scheme.

Utah 105

Utah accounting firms tax return Account 105

TaxConnex

SEPTEMBER 7, 2023

Any sales tax exemption for a nonprofit depends on the transaction’s relation to the organization’s main mission. Location, location, location 501(c)(3) organizations are exempt from sales tax on their purchases in Colorado and in Utah. Most states, like Michigan , require special registration for exemption.

Sales 147

Sales Tax Non-Profits North Carolina 147

CPA Practice

MARCH 13, 2024

Dan Rotta, who lives in Aventura, is accused of hiding more than $20 million in assets in 24 secret accounts at five Swiss banks, including UBS and Credit Suisse, and failing to report substantial income from these holdings on his tax returns, according to a criminal complaint filed by Justice Department prosecutors.

Tax 52

Tax Account accountant accounted 52

inDinero Tax Tips

APRIL 26, 2023

S-corps can save on taxes because their taxable income is taxed only once. The owners of an S corp report income or losses on their personal tax returns, which are taxed at individual tax rates, not corporate rates. Be sure to consult this chart to determine the correct destination for your submission.

Tax 52

Tax Utah Kansas Missouri 52