by Michael Hogberg, EA | Jan 3, 2024 | Updates
As the New Year begins, setting clear tax goals can help secure your financial future. Here’s how to get started: 1. Organize Your Financial Records Gather all relevant documents: Income Records: W-2s, 1099s, and other income statements. Expense Receipts: Charitable...
by Michael Hogberg, EA | Aug 1, 2023 | Enforcement Updates, Expert Analysis, Federal Tax
Ascendancy is committed to providing expert tax planning and compliance services to businesses across various industries. In this case study, we shed light on a real-life scenario that emphasizes the importance of accurate bookkeeping and the consequences of...
by Michael Hogberg, EA | Nov 22, 2022 | Enforcement Updates
Tuesday, November 22, 2022 A federal jury yesterday convicted a Clarksville, Tennessee man of filing false tax returns that omitted income he earned from his business, announced U.S. Attorney Mark H. Wildasin for the Middle District of Tennessee and Acting Deputy...
by Michael Hogberg, EA | Nov 22, 2022 | Enforcement Updates
Tuesday, November 22, 2022 Did Not Report Millions from Illegal Gambling Operation A Florida man was sentenced today to 36 months in prison for conspiring to defraud the IRS in connection with his ownership and operation of illegal gambling businesses in the Canton,...
by Michael Hogberg, EA | Nov 21, 2022 | Enforcement Updates
Monday, November 21, 2022 The United States filed a complaint in the U.S. District Court for the Southern District of Texas today seeking to bar a Houston area tax return preparer from preparing federal income tax returns for others. The complaint alleges that...