#irs-audit

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sfist.com
1 day ago
San Francisco

Feds Convict SF Software Engineer for Tax Evasion Over Fraudulent Medical Deductions

A software engineering manager was convicted of tax evasion for falsely claiming over $1 million in medical deductions for an appendectomy.
Richardson rationalized fraudulent deductions because he had not been caught initially, leading to multiple years of audits and eventual conviction. [ more ]
Truthout
4 months ago
Business

IRS Finds Trump Used Dubious Accounting Maneuver to Claim Improper Tax Breaks

Wealthy individuals use strategies to minimize personal tax bills, possibly to nothing. [ more ]
Futurism
6 months ago
Artificial intelligence

TurboTax Adds AI That Gives Horribly Wrong Answers to Tax Questions

Tax chatbots provided incorrect advice on various tax scenarios.
Tax consultants emphasized the importance of human expertise over AI in complex financial matters. [ more ]
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