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Justice Department Seeks to Shut Down San Diego Return Preparer


Justice Department Seeks to Shut Down San Diego Return Preparer
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Written by IVN
San Diego, California - The United States has filed a complaint in the U.S. District Court for the Southern District of California seeking to bar a San Diego tax return preparer from owning or operating a tax return preparation business and preparing federal income tax returns for others.
The civil complaint was filed against Archibald W. Smith Jr., also known as Archie Smith, and alleges that he operated a tax preparation business in San Diego, California, under his own name and the names “Ablizzia Bookkeeping and Production” and “ABPC Inc.” According to the complaint, Smith prepared and filed tax returns that falsely understated his customers’ federal income tax liabilities by fabricating businesses and related business expenses; fabricating deductions for unreimbursed employee business expenses and charitable contributions; and overstatin ....

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Court Authorizes IRS To Acquire Information On Cryptocurrency Users Who May Have Flouted Taxes


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A federal court authorized the Internal Revenue Service (IRS) to gather information about cryptocurrency users who could be violating tax laws, the Justice Department announced in a statement Thursday.
A District of Massachusetts federal court authorized the IRS’s use of a John Doe summons on Boston-based Circle Internet Financial Inc., a global crypto finance company that facilitates peer-to-peer payments of traditional fiat currencies. 
A John Doe summons enables the IRS to gather information about a group of unidentified taxpayers who could be violating tax laws. Under the Summons, Circle must give the names of the Americans whom the IRS believes have not accurately reported or paid their taxes. The IRS is specifically seeking information about U.S. taxpayers who conducted at least $20,000 in cryptocurrency transactions between 2016 and 2020.  ....

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