Should the Owner of the Business be Treated as an Employee of the Business?

The owner and sole shareholder of an automobile business treated himself and two other individuals as independent contractors of the business. As a result, these individuals were paid directly by the business, no taxes were taken out of the money…

December 11, 2014

Permanently Banned From Preparing Tax Returns

The Department of Justice recently announced that the U.S. District Court for the Middle District in Florida has permanently barred Jeanne Cobington and her company from preparing federal income tax returns for others. The lawsuit alleged that Ms. Covington prepared…

December 09, 2014

Can An Individual Be Held Liable For Unpaid Corporate Tax Liability?

In a recent Tax Court case, the sole owner of a corporation took a dividend in excess of $3 million dollars. The corporation’s tax return was audited and additional tax liability was assessed.  Unfortunately, the corporation could not pay the…

November 20, 2014

Financial Institutions Are Not Immune From Scam Artists

The IRS recently issued a fraud alert for international financial institutions.  Scam artists posing as IRS employees have contacted financial institutions seeking account holder identities and financial account information. The IRS reports that the scam artists usually contact the international…

November 18, 2014

Court Rules That FedEx Drivers Are Common Law Employees

In a recent case from California, the Ninth Circuit held that FedEx Ground Packaging System, Inc., inappropriately classified approximately 2,300 delivery drivers as independent contractors rather than as employees. The Court held that under California law, the drivers were considered…

October 30, 2014

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