Legal Watch
Tax Preparer Gets 6-Month Sentence
A New Jersey tax preparer was sentenced Wednesday to six months in prison for preparing false tax returns for numerous clients that resulted in an estimated tax loss to the federal government of between $30,000 and $80,000. Read more »
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Foreign Currency Trader Sentenced on Tax Charges
February 7, 2012An investor in a foreign currency trading fund has been sentenced to five years in prison for... Read more »
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Julius Baer Ready to Pay Fine to Avert U.S. Tax Probe
February 6, 2012Julius Baer is prepared to pay a fine to escape an escalating U.S. crackdown on offshore bank... Read more »
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DOJ Indicts Swiss Bank Wegelin on Tax Charges
February 3, 2012In the first-ever indictment of an overseas bank in the U.S. for facilitating tax fraud, the... Read more »
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Tax Defier/Preparer Sentenced to Prison
February 2, 2012A previously convicted felon and long-time tax defier who also worked as a tax preparer was... Read more »
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IRS Needs to Improve Controls over Criminal Restitution Payments
February 2, 2012The Internal Revenue Service does not have effective internal controls in place to make sure that... Read more »
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What Does the Peco Foods Tax Case Mean for Cost Segregation?
February 2, 2012The Tax Court’s decision last month in the case of Peco Foods, Inc. & Subsidiaries, v.... Read more »
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IRS and DOJ Bust Identity Thieves Across U.S.
January 31, 2012The Internal Revenue Service and the Justice Department said Tuesday they have conducted a... Read more »
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Swiss Official Urges U.S. Tax Deal to Shield Other Banks
January 30, 2012The break-up of Switzerland's oldest bank Wegelin on Friday shows the need to settle a dispute... Read more »
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Manhattan Tax Preparers Indicted on Tax Charges
January 24, 2012Two New York City-based tax preparers have been indicted for filing false tax returns. Read more »
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IRS Issues Regulations on Damages Received from Physical Injury or Sickness
January 20, 2012The Internal Revenue Service has released final regulations relating to the exclusion from gross... Read more »
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Former Wall Street Law Partner Sentenced on Tax Charges
January 11, 2012A former partner at a top international law firm has been sentenced to 28 months in prison for... Read more »
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Accountant Sentenced on Tax Charges
January 9, 2012An Oregon accountant and tax preparer has been sentenced to 60 months’ probation and up to... Read more »
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Swiss Bankers Charged with Helping Hide $1.2B from IRS
January 4, 2012A trio of Swiss bankers has been charged with conspiring to help with U.S. taxpayers hide more... Read more »
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Misclassifying Workers as Independent Contractors Carries a Steep Price
December 28, 2011California now has the nation's most punitive laws against worker misclassification. Read more »
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FASB Chair Leslie Seidman on Convergence with IFRS
February 1, 2012
Financial Accounting Standards Board chairman Leslie Seidman provides an update on the progress FASB is making on converging U.S. GAAP with IFRS.
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SLIDE SHOW
Most Unusual Items Submitted on Employee Expense Reports
January 19, 2012
The results are bound to raise the eyebrows of any financial executive.
10 Stories That Shaped 2011
December 29, 2011
Our editors' picks for the 10 stories that shaped accounting in 2011.
