by Leif Jensen | Nov 6, 2011 | General |
It seems that our underground economy is growing. What is the underground economy? Remember all of those people yourself included that do business for cash. Cash that does not get reported to the government and no taxes are paid on. I have been aware of tax...
by Leif Jensen | Nov 3, 2011 | General |
Does your bookkeeper write your checks, sign your checks and reconcile your bank accounts? This office setup is the most effective for allowing employee embezzlement. Congratulations and good luck if this is the case for your business, because you need good luck to...
by Leif Jensen | Oct 31, 2011 | General |
I have just read a story that a CPA threatening to kill an IRS employee over the phone. Now I may have been angry on certain issues while on the phone, especially to a certain horrible utility shall we say. But I never lost it to the point of threatening mortality....
by Leif Jensen | Oct 30, 2011 | General |
Have an embezzlement case of a 42-year-old from Timonium, MD pleaded guilty earlier this month to filing false tax returns in 2007 and 2008 after she neglected to claim over $382,000 embezzled from her former employer, Towson, MD-based employer. All Chicagoans know...
by Leif Jensen | Oct 30, 2011 | General |
The Tax Court has ruled in favor of a landlords who due to a lack of tenants wanted a write-off of rental losses. The details: After buying a home, the owner moved away and rented the property out for years. After her last tenant moved out, she was unable to rent it...
by Leif Jensen | Oct 29, 2011 | General |
IRS will now need a warrant to get taxpayer e-mails from an Internet provider, the agency’s lawyers say in a memo to the field. Agents must now go to court and get a judge’s approval. Before this ruling the IRS just needed an administrative summons to do the trick. ...
