Feds Charge 18 in $200M Scam
It may well be the largest credit card fraud ring in the nation, according to federal authorities who charged 18 people today with bank fraud for enacting a global scheme that stole $200 million over...
View ArticleIRS Survey: Most Are Against Tax Cheating
The IRS recently released its latest Taxpayer Attitudes Survey, which revealed that the vast majority of people, 87 percent, believe it is always wrong to cheat on your taxes, according to the...
View ArticleBanks Pass Stress Test, Barely
While major financial institutions passed the Federal Reserve's latest round of stress tests, they did not do so with flying colors of any sort, with banks barely surpassing the minimum common capital...
View ArticleTax Probe Targets Lichtenstein
The U.S. Department of Justice is seeking information on possible sham foundations based in the Principality of Lichtenstein that may have been used to help U.S. citizens evade taxes, according to...
View ArticleBabies investing? No, just insider trading.
If people were going to wager on who would make more money in the stock market over 15 years, an experienced trader or a baby, most people would probably bet on the grownup.read more
View ArticleIRS to Step Up ID Theft Fight
The White House's latest budget proposal will include new measures to combat identity theft, according to the Associated Press. It will include harsher measures against those who commit tax-related...
View ArticleCan the IRS Read Your Emails?
The American Civil Liberties Union has reported that the IRS may be able to legally access taxpayers' emails without the use of a warrant, according to Slate.read more
View ArticleStudy: Most Spreadsheets Have Errors
As if there weren't enough things keeping you awake at night, a University of Hawaii study has revealed that the vast majority of spreadsheets, 88 percent, have errors in at least one percent of all...
View ArticleSkilling May Get 10 Year Deal on Sentence
Jeff Skilling, the former CEO of Enron who is currently sitting in federal prison for overseeing one of the largest and most notorious financial frauds in history, could be out of jail by 2018,...
View ArticleColleges Flunk IRS Compliance
After an exhaustive investigation into college and universities' compliance with regulations governing nonprofit entities, the IRS has released its final report, showing that many institutions of...
View ArticleHouse Votes to Block Auditor Rotation
The House of Representatives voted on Monday to bar the PCAOB from ever requiring public companies to rotate audit firms, according to the Wall Street Journal.read more
View ArticleIRS Worker Charged w. Money Laundering
A 27-year IRS veteran has been charged with conspiring with others to launder the proceeds of marijuana sales, according to Accounting Today.read more
View ArticleJudge Slams Fed's Debit Card Rules
The U.S. District Court in Washington on Wednesday criticised the Federal Reserve for, in its view, caving to lobbying from the banking industry as it set the rules capping debit card interchange fees,...
View ArticleSovereign Citizen Leader Gets 18 Years
James Timothy Turner, a leading member of the Republic for the united States of America (the lowercase 'u' is intentional), an organization that promotes the sovereign citizen movement, has been...
View ArticleTax Cheats May Lose Drivers License
Thousands of suspected tax cheats may lose their driver's license if they don't pay what they owe to the state of New York, according to the Associated Press.read more
View ArticleCold Caller Calls Regulator
A New York-based broker engaged in a shady boiler room-type operation lost his license when he accidentally cold-called a securities regulator, according to the Associated Press.read more
View ArticleNYS: Accountant Skirted $114K Tax Bill
In a situation that calls to mind rain on wedding days and free rides when you've already paid, a forensic accountant from Nesconset, NY was sentenced to three years probation for failing to pay...
View ArticlePCAOB Eyes Revenue Audits
The Public Company Accounting Oversight Board (PCAOB) hinted that it may look to revenue audits as its latest area of focus, according to Compliance Week.read more
View ArticleSEC Union Urges Shorter Lunches
The union that represents workers in the Securities and Exchange Commission (SEC), the National Treasury Employees Union Chapter 293, has urged its members to start taking shorter lunches, making sure...
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