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New audit points to fraud potential in tax credit program for biofuels

A new federal audit has revealed a surprising claim about biofuel tax credits: One third of the credits sampled by investigators lacked the required documentation, meaning the claims should not have been allowed. The Treasury Inspector General for Tax Administration, or TIGTA, examined compliance procedures at the Internal Revenue Service and said after sampling 124 taxpayers claiming […] The post New audit points to fraud potential in tax credit program for biofuels appeared first on Iowa Capit ....

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Mizuho Securities USA LLC Takes $319,000 Position in Inception Growth Acquisition Limited (NASDAQ:IGTA)

Mizuho Securities USA LLC purchased a new stake in shares of Inception Growth Acquisition Limited (NASDAQ:IGTA – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 30,000 shares of the company’s stock, valued at approximately $319,000. Mizuho Securities USA LLC […] ....

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IRS Recommends Tools To Prevent And Report Tax Refund Fraud

Tax Notes contributing editor Carrie Brandon Elliot provides an overview of federal resources available to help taxpayers fight identity theft and tax refund fraud scams. ....

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Inception Growth Acquisition Limited (NASDAQ:IGTA) Sees Significant Growth in Short Interest

Inception Growth Acquisition Limited (NASDAQ:IGTA – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,600 shares, a growth of 136.4% from the August 15th total of 1,100 shares. Based on an average daily trading volume, of […] ....

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Clear Street LLC Buys Shares of 184,103 Inception Growth Acquisition Limited (NASDAQ:IGTA)

Clear Street LLC bought a new position in shares of Inception Growth Acquisition Limited (NASDAQ:IGTA – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 184,103 shares of the company’s stock, valued at approximately $1,876,000. Inception Growth Acquisition […] ....

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