Bob Scott

Bob Scott

Dallas Preparer Ordered to Pay $11.9M

A North Dallas, Texas, tax preparer has been sentenced to 3.5 years in prison and ordered to pay the government $11.9 million in restitution. Alma Jean Gilbert, age 54, was sentenced after pleading guilty to aiding and assisting in the preparation of a materially false tax return in October 2019.

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Returns Up 30.5 Percent Over Prior Week

The Internal Revenue Service has received 45,271,000 returns for the tax season through February 26, a 30.5-percent increase from 34,693,000 reported the prior week. The numbers still lag behind 2020 as the recent statistics were for 15 filing days, as opposed to 33 days for the comparable period in 2020.

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NFP Income Plunged in Crisis

More than 70 percent of nonprofit organizations saw a decline in income last year, according to a recently released survey by BKD CPAs and Advisors. The study, the “State of the Nonprofit Sector” found that a quarter of respondents reported revenue fell by 26 percent to 50 percent.

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