audit

There's only about two weeks left to file your taxes and get your payments in the mail which means that local accountants and tax preparation firms are going to be busy, busy, busy with people like you and me who have waited to file. If you want to file your taxes yourself you can use a tool like...

When I was a kid, I wanted to look like everyone else. I wanted to have the same feathered bangs, the same tapered jeans, and the same white Keds as every other girl. The thought of looking even a little different felt like the end of the world. My mom would humor me, all the while explaining that...

The news keeps getting worse at embattled stereo-headphone maker Koss Corp. The Milwaukee company now fears that the amount that disappeared from its coffers is closer to $31 million, according to a filing by CEO Michael Koss with the U.S. Securities Exchange Commission. The company last month...

New York Times (NYT) columnist Paul Krugman (pictured), an economist by training, an Ivy League academic by profession, and no stranger to bold proposals, has offered another big idea, recommending that the U.S. Federal Reserve double its already record-high balance sheet. Krugman wants the Fed...

Rachel Porcaro is the manager of a hair salon, and to look at her, you wouldn't think "tax fraud." If you were to walk into her home, you probably wouldn't think "these kids are obviously fictions of her imagination!" According to the The Seattle Times, to see her with her two boys, 10 and 8,...

U.S. Rep. Barney Frank's (D-Mass.) House Financial Services Committee has voted in favor of a proposal to have the Government Accountability Office audit the Federal Reserve, according to the Associated Press. But in my view, auditing the Fed is a thinly veiled first step toward wiping out the Fed,...

A UCLA professor has come up with a wild idea to help prevent the next financial meltdown. He doesn't propose expensive regulations and mechanisms of enforcement on financial actors. Instead, he suggests that swift and decisive punishment of the biggest instigators of financial mayhem could scare...

On Wednesday, the Federal Housing Administration was supposed to release its independent audit determining the soundness of the agency. Many have questioned that soundness because, as of Oct. 1, its reserve fund dipped below the required 2 percent of the agency's outstanding loans for the first...

As if you don't already have enough money worries. This is the year to double, no, triple-check, your taxes before filing. The IRS is looking for the money it's owed with renewed vigor, and that means a lot more people can expect to be audited. Why now? It's not hard to guess. We've been hearing...

Randy Nowak, a Florida resident, has been arrested and charge with attempted murder of an employee of the United States for plotting to kill an Internal Revenue Service employee. He wanted the IRS Revenue Officer killed because she was investigating his personal and business finances.Nowak offered...