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Eight years or Eighty, the IRS still wants its money
Jeffrey Sykes’ victims may have gotten grim satisfaction yesterday when he received an 8-year sentence for stealing withheld taxes from his payroll service. Still, grim satisfaction doesn’t help them...
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Tax Roundup, June 28, 2012: Obamacare Judgement Day and other masterminded...
Flickr image courtesy Evil Erin under Creative Commons license. Haven’t filed your FBAR Form TD F 90.22-1 for foreign financial accounts? File it now! It’s due June 30. Today is Judgement Day for the...
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Tax Roundup, 8/27/12: Verify, then trust. Plus the tenant-free landlord!
Payroll taxes: Trust a little, verify a lot. Sad stories all around in Binghampton, New York, after an executive at a payroll service provider admitted stealing tax deposits, rather than remitting...
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Tax Roundup, 10/9/2012: Area employers find their payroll provider hasn’t...
It can happen here. IRS Files Liens to Recover $3.8 Million from West Des Moines HR Outsourcing Company. From the West Des Moines Patch: On Friday, court documents show the IRS filed a nearly $1.2...
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Tax Roundup, 10/23/2012. News of the obvious edition. And…look! Dead squirrels!
Refundable credits are vulnerable to fraud, and IRS can’t recover the fraudulent payments. The Treasury Inspector General for Tax Administration discovers the obvious, reports Accounting Today (my...
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Tax Roundup, 1/7/2013: Economist says Iowa’s problem is income tax, not...
O. Kay Henderson reports that maybe the Branstad focus on property taxes is misplaced in Economist: Iowa income taxes not competitive: A Midwestern economist says Iowa policymakers should focus on...
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Tax Roundup, 7/16/2013: States to be in when it rains. And IRS advice for...
States with umbrellas. The Tax Foundation’s map this week shows how well the states are doing at maintaining “rainy day funds.” Iowa does pretty well. Some states don’t bother. Unsurprisingly,...
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Tax Roundup, 11/25/13: Burning down the parsonage (allowance). And: Red Oak!
The Tax Update comes from beautiful Red Oak, Iowa, in the Southwest part of the state. This is the sixth stop in the ISU Center for Agricultural Law and Taxation Farm and Urban Tax School tour for...
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Tax Roundup, 2/26/14: House tax reform plan expands cash basis, boosts 179...
Cash basis expansion, permanent Section 179 increase highlight Camp tax reform plan. The GOP House tax leadership has released their tax reform draft, nicely rounded-up by the TaxProf. The plan would...
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Tax Roundup, 1/7/15: Resolve to monitor your payroll taxes this year. And:...
If you’re an employer, here’s a new year’s resolution: “I will verify that my tax payments have been made on time every payroll by logging into EFTPS.” The customers of Riverside, California payroll...
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