Disorder in the court; fines that didn’t stick; logo a no-go; and other highlights of recent tax cases. Olathe, Kansas: Dawna Kellogg, of Williamsburg, Kansas, has pleaded guilty to wire fraud and filing a false return related to a scheme to embezzle money from a local district court. Kellogg, while
Organizations will need to test more frequently for an increasing number of risks to internal controls, according to a recent poll by Deloitte. In the year ahead, 55.9% of the more than 350 C-suite and other executives who responded to a poll during a webcast in January indicated they expect
Corralling social media; federal tax outlook; the cannabis business; and other highlights from our favorite tax bloggers. Chapter and metaverse Taxable Talk (http://www.taxabletalk.com/): A real cyberattack, from the trenches. National Taxpayer Advocate (https://www.taxpayeradvocate.irs.gov/taxnews-information/blogs-nta/): The time is now for the IRS to expand online offerings and convenience to taxpayers. Maybe authentication
The Internal Revenue Service issued its annual inflation-adjusted amounts Friday for health savings accounts next year as the inflation rate surged to the highest level in decades. In Revenue Procedure 2022-24, the IRS said for calendar year 2023, the annual limitation on deductions for an individual with self-only coverage under
Michael Azzato Michael Azzato was hired as a tax staff accountant, Ethan Clark as audit staff accountant, and Scott Romberger as client advisory services senior advisor at Brown Schultz Sheridan & Schultz, Camp Hill. Stambaugh Ness, East York, was named a Deltek Customer Acquisition Partner of the Year. Isdaner &
Big Four firm KPMG published its inaugural U.S. Impact Plan on Friday, outlining its environmental, social, and governance strategies across four main areas: people, planet, prosperity and principles of governance. KPMG International previously released its Impact Plan in 2021. The U.S. plan includes goals to invest $125 million over five
Reclamation rip-off; Congolese con; flip this; and other highlights of recent tax cases. Kenner, Louisiana: Tax preparer Brittany Patterson has been sentenced to a year and a day in prison for conspiring to defraud the U.S. and helping clients file false returns. Michegel Butler owned Crown Tax Service, where Patterson was
National Taxpayer Advocate Erin Collins is urging the Internal Revenue Service to expand online services for taxpayers, tax professionals and businesses while reducing its reliance on paper to improve taxpayer service. In a blog post Thursday, Collins offered a number of recommendations for enhancing taxpayer online services, some of them
The Internal Revenue Service revised its answers to frequently asked questions on the Child Tax Credit, adding a new set of six commonly asked filing season questions. In a new fact sheet posted Wednesday to the IRS website, the IRS highlighted the most common questions to help taxpayers who received
Auditing is, at best, a cumbersome and time-consuming engagement. Whether it’s an audit of internal controls, or one to produce audited financial statements, there’s always a fairly complex and time- and labor-intensive effort required. Tools to assist in this task have been available for years, and as technology improves, so