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Tax Fraud Blotter: Hard lessons

Accounting Today

Warren, Ohio: Business owner Sidney L. of Warren, Ohio, has pleaded guilty to failing to report three years business earnings to the IRS. Most of the companys income was generated from the Ohio Department of Disabilities, which receives its funding through Ohio Medicaid. income tax return. Glover Jr.,

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Big boons for R&D advisors

Accounting Today

This allows taxpayers that incurred R&D costs but did not claim the R&D credit to amend tax returns for 2022-2024 to capture the R&D tax credit benefit without capitalizing the related expenditures creating significant refund opportunities," Johnson noted. All rights reserved.

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Florida Lawyer Gets 8 Years in Prison for Fraudulent Charity Tax Claims

CPA Practice

Meyer, of Davie, Florida, used his skills as an attorney and certified public accountant to promote his fraudulent tax shelter called “The Ultimate Tax Plan.” In some instances, Meyer backdated documents so that clients could claim purported donations on their prior years’ tax returns.

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Florida Lawyer Gets 8 Years in Prison for Fraudulent Charity Tax Claims

CPA Practice

Meyer, of Davie, Florida, used his skills as an attorney and certified public accountant to promote his fraudulent tax shelter called “The Ultimate Tax Plan.” In some instances, Meyer backdated documents so that clients could claim purported donations on their prior years’ tax returns.

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Expatriation Exit Tax

KROST

Under the third test, failing to certify, under penalties of perjury, that all federal tax obligations have been met for the five-year period leading up to the year of expatriation deeming an individual a covered expatriate for US tax purposes. Expatriate tax return compliance. Exit planning strategies.

Tax
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Professionals on the Move – December 2024

CPA Practice

With eight years of public accounting experience, Austin prepares and reviews complex tax returns for high-net-worth individuals, families and their associated entities, including fiduciary, gift and business tax filings. Austin joined the firm in January 2023 and specializes in trust and estate taxation.

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Democrats’ Latest Child Tax Credit Plan Pushes Bonus for Babies

CPA Practice

That’s up from the current maximum $2,000 benefit, which is only paid out at tax time. There was also an option to take some or all of the credit as a lump sum when filing annual tax returns. Sherrod Brown, D-Ohio, is the lead sponsor, and it has 40 co-sponsors including Finance Chair Ron Wyden, D-Ore.,

Tax