by Michael Hogberg, EA | Oct 29, 2024 | Federal Tax, Updates
As the end of the year approaches, business owners may find themselves tempted to hold off on tax planning until tax preparation season. But waiting until it’s time to file returns is a mistake that often proves costly. Strategic planning throughout the year,...
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 | Jul 26, 2023 | Enforcement Updates, Federal Tax
July 26, 2023 In a recent case, a tax preparation company owner in Florida pleaded guilty to aiding and assisting in the preparation of a false tax return. This unfortunate incident serves as a crucial reminder to business owners about the importance of accurate and...
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,...