Nothing Smart About This Tax Offender
Two tax preparers in Texas, Smart Ajayi and JoAnn Villarreal, were charged with filing fraudulent tax returns and have been permanently barred from operating a tax return preparation business and preparing tax returns for others. The complaint against the two, Ajayi and Villareal, states that they repeatedly understated their customers’ tax liabilities by making up […]
Beware of Scammers on the Hunt For COVID-19 Stimulus Checks
The IRS is urging citizens to be on high alert for scams related to the COVID-19 economic impact payments. While more than 80 million taxpayers who opted for direct deposit should have already received the payment, millions more will receive the stimulus via a check in the mail. US Attorneys around the country expect these […]
Facebook Faces the IRS in Court to the Tune of Nine Billion Dollars
The IRS is claiming that social media giant Facebook grossly undervalued its intellectual property when it sold it to a subsidiary in Ireland in 2010 in order to avoid taxes. Facebook’s subsidiaries pay a royalty to the U.S. parent company for its user base, platform technologies and trademark, among other elements. Facebook Ireland paid its […]