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Turkish Authorities Search For Suspect In US Tax Fraud Scheme

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Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., The Kingstons pleaded guilty in the tax credit scheme in the U.S., the Associated Press (AP) reported.

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Guess How Much Tax Evasion Costs US Taxpayers?

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The Internal Revenue Service has estimated that the business of tax evasion is a costly one for the government. Tax cheats cost the government as much as $458 billion annually, according to data tabulated between 2008 and 2010. As noted by Fortune , public awareness over tax evasion has been heightened.

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The Strange Spending Trends Around Sales Tax Holidays

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billion , it is still a more valuable run of commerce activity than Mother’s Day, Father’s Day, Easter and Valentine’s Day combined — which is why state tax holidays placed at the end of July and beginning of August have become so very popular over the last two decades. How Tax Holidays Work. Do Tax Holidays Work? .

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Study: US Housing Market Slows Down As Homeowners Stay Put Longer

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New analysis by Redfin found that homeowners around the country are typically staying in their homes for 13 years, five years longer than they did in 2010. “If In fact, many local governments have implemented policies that reduce property tax burdens for senior citizens, making it more affordable for them to stay in their homes longer.

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Soupman Files For Bankruptcy Protection

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Bertrand was charged with 20 counts of failing to pay federal income taxes, Medicare and Social Security for the company’s employees between 2010 and 2014. million, and total alleged tax loss to the U.S. Total alleged unreported cash and stock compensation was around $2.86 was about $594,000.

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Intuit Eyes Buying Credit Sesame, NerdWallet And Finicity

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Intuit , the tax software company best known as being the enterprise behind QuickBooks and TurboTax , is looking into acquiring FinTech Finicity , according to reports. It was launched in 2010 and has been profitable since 2017, according to the company. Intuit recently bought Credit Karma for $7 billion.

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Tipalti CEO Looks Back At A Decade Of Global AP Friction

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Yet when Tipalti Co-founder and CEO Chen Amit stepped into the ecosystem to tackle accounts payable (AP) friction, he was frankly surprised that there hadn’t already been a solution designed to address the multitude of pain points businesses faced back in 2010 – and continue to face today.