The Progressive Accountant

Court Bars Georgia CPA Preparer

DOJA federal court has barred a Tucker, Ga.-based CPA and his firms from preparing federal income tax returns for others. A permanent injunction shuts down the preparation business of Matthew Adegbite and his companies, MAS & Associates CPA and Mathew A. Adegbite CPA. The accountant drew the action for allegedly inflating deductions or creating phony ones.

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Former CPA Draws Four-year Sentence

A former CPA and attorney, who failed to pay taxes on millions of dollars he earned, has been sentenced to 48 months in prison. John T. Hoang of Woodbridge, Va., who pleaded guilty to charges in July, drew the term for creating phony businesses on some of the hundreds of returns he prepared from 2004 through 2006.

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IRPAC Supports EIN Truncation

IRS logoA program for truncating Taxpayer Identification Numbers should be extended to Employer Identification Numbers, according to a recommendation from Information Reporting Program Advisory Committee. In its 2013 annual report, the committee says truncating EINs would help prevent identity theft and it also said the IRS should support a proposed bill that would allow Social Security numbers to be truncated on wage reporting forms.

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