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The typical American tax cheat is male and under the age of 45, according to a survey by DDB Worldwide Communications Group found.
While only 15 percent of Americans surveyed fessed up to fudging their tax returns, 64 percent of those people were men, according to the survey of consumer attitudes and behavior. Thirty-five percent were single, and 55 percent were under the age of 45. Get the full story »
The federal government is accusing a Chicago woman of preparing fraudulent tax returns by faking or inflating donations to charities and business expenses.
The government says Martha A. Jones prepared about 270 fraudulent tax returns annually between 2005 and 2008. Court documents estimate that they have led to a loss of over $5 million in revenue.
Because Jones didn’t sign the tax returns she prepared or helped prepare, the government is unsure of the exact number of fraudulent returns. Get the full story »
From Bloomberg | Chicago attorney Erwin Mayer has pleaded guilty to conspiracy and tax evasion charges for his role in a billion-dollar phony tax-shelter scheme that brought down his law firm in 2007.
As expected, a Senate bill designed to end tax breaks for U.S. companies that move jobs and manufacturing plants overseas failed a key test vote Tuesday.
With a 53-45 vote, Senate Republicans blocked a Democratic efforts to end debate and ultimately vote on a “jobs” bill. Get the full story »
Raids at Credit Suisse’s private banking offices in Germany have been a success and may help identify bank staff in Switzerland as part of a tax evasion clampdown, German prosecutors said Friday.
This week’s raids were the latest steps in an international crackdown on suspected tax cheats in offshore centers that saw Swiss wealth management giant UBS agree to an hefty settlement in a bitter U.S. tax probe last year. Get the full story »
