Tax

Tax (1081)

Pros Accused of Filing 500 False Returns

Two former tax preparers based in El Cajon, Calif., are accused of filing about 500 false returns. The indictments this month allege Mimi Bozzo, also known as Mini Morrison, and Vincent Bozo, cheated the government out of more than $1.4 million though bogus refunds they sought for clients.

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Bloomberg Expands International Coverage

 Bloomberg Tax & Accounting has expanded if tax coverage to more than 200 countries. International tools include a VAT Navigator that provides covers global VAT, GST, and sales tax laws and practices on a country-by-country basis.

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Eighteen Tax Forum Webinars Available 

Eighteen new webinars from the 2020 IRS Nationwide Tax Forums have been made available. The internal Revenue Service said these are available online at IRS Nationwide Tax Forums Online for $29 each.

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QR Codes Added to Balance Due Notices

 The Internal Revenue Service has added QR bar codes on CP14 or CP14 IA notices that inform taxpayers they owe unpaid taxes. They can scan a QR code in the form in the notices and be taken to the IRS gov. website.

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Free File Returns Rise 50 Percent

The number of Free File online returns submitted this year  reached more than 4.1 million, a 50-percent increase over the total in 2019, the Internal Revenue Service said this week. The IRS also reported that 96 percent of those seeking an Economic Impact Payment, used the Non-Filers tool, supported by Free File.

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AccountingTax.com Now Corvee

AccountingTax.com has rebranded as Corvee. At the same time, the company launched a beta version of its tax planning and client collaboration software. 

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Accountant Draws 39 Months,  Must Pay $8.9M

Richard Gaffey, an accountant in the Panama Papers case, has seen sentenced to 39 months in prison. A resident of Medfield, Mass., Gaffey, age 76,  must forfeit $5,353,609, an pay restitution of $3,459,315, along with a $25,000, in a case that involved his role in hiding client assets of American taxpayers through off-shore shell companies.

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Sentenced Preparer Taught Tax Fraud

A former tax return preparer, who was based in Gulfport, Miss., has been sentenced to 46 months in prison. Alvin Mays, who was convicted of aiding and assisting in the preparation of false returns,, trained his employees in how to preparer phony returns.

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IRS Adds Six Forms for E-signatures

The Internal Revenue Service has added six forms for use e-signatures to a list of those for which electronic filing is not available. That brings the total for which it accepts digital signatures temporarily to 16.

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IRS to Publish Spanish 1040

The Internal Revenue Service will publish Form 1040 in Spanish for the first time for the 2021 filing season. Taxpayers will also be able to choose to be contacted in languages other than English.

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