Tax fraud cheats the government out of millions of dollars every year and is punishable by fines, penalties, interest, or prison time. Generally, an entity is not considered to be guilty of tax evasion unless the failure to pay is deemed intentional. Tax fraud does not include mistakes or a...
The Sales and Use Tax is an essential part of Puerto Rico's revenue profile. Effective only recently (November 15, 2006) the Impuesto a las Ventas y Uso (IVU)doi:10.2139/ssrn.1402702Richard Thompson AinsworthSocial Science Electronic Publishingo Richard T. Ainsworth, Tax Fraud in the Sales ...
Corporate fraud is the broad category of illegal activities carried out by a company or individuals within it. Accounting fraud falls under this umbrella.Corporate fraudalso includes insider trading, bribery, money laundering, tax evasion, and other forms of financial and nonfinancial misconduct. A s...
A tax refund is as much an asset as a diamond ring, and just as some thieves target jewelry stores, others specialize in stealing taxpayers' identities in order to create fake tax returns that provide large refunds. The IRS is on the lookout for this kin
Refund fraudis a broader term that encompasses different types of scams aimed at deceiving a company, government, or financial institution into issuing a refund or reimbursement to the fraudulent actor, who is not entitled to it. Refund fraud can occur in many contexts, such as tax refunds, ch...
What is the border between corporate tax planning and tax fraud, or is it constantly moving as laws are changing? By babylove — On Apr 29, 2011 If you failed at tax planning in 2010 and ended up owing, the best thing you can do now is to start tax planning strategies for April ...
Payroll fraud can impact any business. In this article, we review common payroll fraud schemes and explain how you can prevent them from happening.
A value-added tax (VAT) is very similar to a traditionalsales tax, in that the consumer pays it at the point of purchase. It's typically a percentage of the price of the product, but standard VATs range greatly among nations. Sales tax vs. VAT ...
The most common uses of the 1099-G is to report unemployment compensation, as well as any state or local income tax refunds you received that year.
Many ISOs offer additional services beyond just payment processing. This can include things like business analytics, integrated payment solutions, security and fraud prevention services, and more. The goal of an ISO is to make it easier for businesses to accept and process card payments. By acting...