| KPMG Weighed Bankruptcy as U.S. Threatened Charges, Memos Say (Bloomberg) |
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Bloomberg - June 19 (Bloomberg) -- KPMG LLP, anticipating criminal
charges would be a ``nuclear bomb'' that would wipe out the
accounting firm, pleaded with federal officials in 2005 not to
indict it for selling fraudulent tax shelters, newly released
internal documents show. Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
| Read more... |