Tax Preparer Defrauded IRS out of Nearly $8 Million.
A Southern California tax preparer has pleaded guilty to tax charges, admitting that he caused a tax loss to the government of $7,982,043 for tax years 2003 to 2009 by inflating the amount of mortgage interest on his clients' tax returns.
Microsoft Warns of IRS Tax Audit Impact
Microsoft revealed in its 10-K annual report that its use of low-tax countries to shift some of its foreign income has subjected it to an IRS review that could have a significant impact on its financial statements.
Singer R. Kelly Faces IRS Tax Lien
The Internal Revenue Service has reportedly filed a tax lien against singer R. Kelly for $837,442.59.
IRS Says Air Travelers May Get Refund on Ticket Taxes
The Internal Revenue Service said that some travelers may be entitled to refunds on the ticket taxes that airlines have been charging after Congress failed to pass a reauthorization bill last Friday for the Federal Aviation Administration
