|
Select
Example Headline of Genre for Date
Tax Prep Chain Cited For $70 Million In Fraud
The government said Tuesday it is trying to shut down more than 125 Jackson Hewitt tax preparation stores in four states for systematic 'tax-fraud schemes.' The Justice Department accuses the franchises of bilking the government out of more than $70 million through fraudulent practices such as using phony W-2 forms, bogus deductions and fuel tax credits and false claims regarding the earned income tax credit. So far, 74.1 million people have filed tax returns to the IRS.Jackson Hewitt Tax Services Inc., with more than 6,500 franchises, is the nation's second-largest tax preparer after H&R Block Inc. The franchises were either totally or partially owned by Farrukh Sohail, the Justice Department said, and involved 'a pervasive and massive series of tax-fraud schemes,' according to court filings. Read more
Pace of IPOs falls sharply in first quarter
'It is the second consecutive quarter of very slow activity, suggesting that Canadian small cap companies are not looking to enter the public equity markets any time soon' Initial public share offerings in Canada fell dramatically in the first quarter of 2007, with less than $300-million raised in 20 issues, compared with $2-billion in 34 issues in the first three months of last ... via Globeinvestor.com
AT&T to Provide H&R Block with Network Integration Services at New Corporate Hea
'This network integration solution and AT&T's management and maintenance of our VoIP system is a more cost effective networking solution for our business' AT&T Inc. announced today that AT&T has won contracts to provide network integration services and equipment for H&R Block's corporate headquarters in Kansas City, Mo. via Internet Telephony
| 
