Blog Posts in August, 2010

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  • Who's Going to Jail for Tax Offences
    Who's Going to Jail for Tax Offences

    A woman from College Park, Ga. was sentenced to 10 years in prison after she pleaded guilty in May to bank fraud and filing false claims with the IRS. Cynthia Annette Elliot was part of a scheme to ...

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  • New Tax Law Gives Nonprofits More Paperwork
    New Tax Law Gives Nonprofits More Paperwork

    The 2006 Pension Protection Act has made it mandatory for all nonprofit organizations to file annual returns to the IRS to keep their tax-free status. Failure to do so for 3 consecutive years will ...

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  • Billionaire McCombs Told to Pay $45 Million by IRS
    Billionaire McCombs Told to Pay $45 Million by IRS

    The IRS is demanding $45 million in back taxes from San Antonio billionaire Billy Joe “Red” McCombs. The back taxes pertain to the tax years 2002 and 2003. The basis for the demand was a tax strategy ...

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