Internal fraud is a huge risk. On average it costs companies 3% to 5% of revenue each year. Especially when profits are thin, internal fraud can literally put you out of business.
Companies and governments underestimate the amount of fraud that goes on. They want to believe that their internal controls are better, their employees are more honest, and their ability to stop fraud is more...
The IRS and Justice Department cooperate to catch tax scofflaws; including having some arrested if they land on U.S. soil. But this is only in serious tax matters. These days discussion is focused on more mundane tax debts and the other end of travel: when can the IRS prevent you from leaving?There is a proposed law that would prevent a U.S. citizen from traveling because of tax debts. At...
The tax deadline may have just passed but planning for next year can start now. The IRS reminds taxpayers that being organized and planning ahead can save time, money and headaches in 2013. Here are six things you can do now to make next April 15 easier.
1. Adjust your withholding. Why wait another year for a big refund? Now is a good time to review your withholding and make adjustments for next...
The regular US income tax filing deadline is April 15. The filing deadline can be extended until October 15 (though any tax must be paid by April 15 to avoid penalties)
A US person residing outside the US gets an automatic extension until June 15. The filing deadline can be extended until October 15 (though any tax must be paid by June 15 to avoid penalties)
The TD-F form (disclosure...
The IRS “Fresh Start” initiative is intended to help struggling taxpayers who owe taxes.
This initiative relieves some unemployed taxpayers from failure-to-pay penalties. Penalties are one of the biggest factors a financially distressed taxpayer faces on a tax bill. The Fresh Start Penalty Relief Initiative gives eligible taxpayers a six-month extension to fully pay 2011 taxes....
