by NFS | Jun 27, 2011 | Archives
Just recently the IRS issued Announcement 2011-40 releasing news that the business standard mileage rate will increase to 55.5 cents a mile for all business miles from July 1, 2011, through December 31, 2011. This is an increase of 4.5 cents a mile from the 51 cents rate for the first six months of 2011.
The medical and moving mileage rates will also increase by 4.5 cents to 23.5 cents a mile, up from 19 cents for the first six months of 2011. The rate for providing services for charitable organizations is set by statute and remains at 14 cents a mile.
by NFS | Jun 21, 2011 | Archives
Photos from the NFS $15,000 Hole In One Giveaway @ WYBSA Golf Tourney http://ping.fm/A7OGJ
by NFS | Jun 21, 2011 | Archives
Photos from the NFS $15,000 Hole In One Giveaway @ WYBSA Golf Tourney
http://ping.fm/A7OGJ
by NFS | Jun 20, 2011 | Archives
A pair of women in Alabama were sentenced to prison time and ordered to pay more than $1.4 million for conspiring to file false claims for tax refunds.
Betty Washington was sentenced Thursday to 21 months in prison and ordered to pay restitution of more than $1,440,632. Wendy Delbridge was sentenced to five days in jail and six months of home confinement for her role and ordered to pay restitution of $45,219. Both women pleaded guilty in January 2011.
According to court documents, between October 2009 and September 2010, Washington conspired with others to fraudulently obtain tax refunds. The conspiracy involved using stolen identities to file false income tax returns claiming refunds. At the behest of co-conspirator Alchico Grant, Washington opened up a bank account at a local bank to receive tax refunds from the scheme. Sixteen different refunds, issued in the name of 16 different individuals, were deposited into the bank account.
When the bank closed the account because of the suspicious nature of the deposits, Washington opened new bank accounts at a credit union in her name and in the name of Central Alabama Financial Services. Over the course of several months, more than 300 false refunds were deposited into these bank accounts, totaling more than $1.4 million in fraudulent refunds. To distribute the fraudulent refunds, Washington wrote checks and obtained official checks payable to various co-conspirators and associates and withdrew refund money in cash as well. She retained a portion of the refunds for herself.
Delbridge played a similar role. At co-conspirator Veronica Dale’s direction, she also set up a bank account at a local bank to receive fraudulent refunds. When the bank closed the account because it was receiving tax refunds that were not in Delbridge’s name, she opened a new bank account at a credit union. Between February 2010 and June 2010, the two bank accounts received more than $50,000 in false tax refunds, which Delbridge withdrew in cash and provided to Dale. In return, Delbridge was paid a portion of the fraudulently obtained refunds.
Along with three other co-defendants, Dale and Grant were indicted in December 2010 for their roles in the conspiracy. Grant was indicted a second time in April 2011 for again being involved in a scheme to fraudulently obtain tax refunds using stolen identities. On April 28, 2011, Grant’s pretrial release was revoked and he was ordered detained. Both Dale and Grant are currently awaiting trial.
by NFS | Jun 9, 2011 | Archives
Northeast Financial Strategies Inc (NFS) will be giving away $15,000 for a Hole In One Winner @ this year’s WYBSA Golf Tournament.
On Friday, June 17th 2011, the 2nd Annual Wrentham Youth Baseball & Softball Association Charity Fundraiser Golf Tournament is taking place at the New England Country Club in Bellingham MA. NFS will award $15,000 to the person who sinks a HOLE IN ONE on the Par 3 Hole #4 during the tournament.
In addition to the $15,000 give away on Hole 4, we will be giving away prizes to the 7 closest to the pin players and also awarding auxiliary prizes for a HOLE IN ONE on one of the other Par 3 holes. These prizes include a Flat Screen Television, Visa Gift Cards or Golf Equipment.
Lastly, every participant will receive a $50 Gift Card to 100ThingsToBuy.com.
Following the tournament, we will be available during the Dinner, Award Ceremony and Raffle where we have donated a gift certificate for FREE INCOME TAX PREPARATION.
Please join us for this great event!!
