Two More Arrested in Madoff Ponzi Scheme

Annette Bongiorno and Joann “Jodi” Crupi, both long-term employees at Bernard L. Madoff Investment Securities, were arrested Thursday and charged with multiple counts of conspiracy, securities fraud, falsifying documents and ta…

IRS Seeks Recipients for $164.6 Million in Tax Refunds

The Internal Revenue Service is looking for about 112,000 people who are due a combined total of $164.6 million in tax refunds. The tax agency said the average refund check was about 28% larger than it was a year ago.
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IRS Drops Tax Case Against UBS and Swiss Government

The IRS has stopped its investigation into tax evaders holding money in UBS accounts after reaching a settlement with the bank and the Swiss government.
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Ambac Sues U.S. Over $700 Million in Tax Returns

Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
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Have Tax Problems? A Tax-Relief Firm May Only Add to Them

Tax-resolution scams are on the rise as unethical companies peddling tax-relief services prey on people who owe back taxes. Here’s what you need to know before you sign up for any tax-resolution services. Even better, here’s wh…