November 13th, 2013
It’s great to report on celebrities who do a great job paying off their massive tax debt. Case in point: singer-songwriter Kelis Rogers, better known simply as Kelis who is paying down her enormous tax debt to the Internal Revenue Service and to the states of New York and California.
As first reported by TMZ, Kelis owed $741,027.59 in back taxes. She has since cut that debt in half,
November 8th, 2013
According to a recent press release, the IRS is sounding a warning about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country. We initially reported on this scam in a previous post during the government shutdown. It was clear that these brazen thieves were taking advantage of the fact they could continue their crimes essentially without getting caught.
Victims are told they owe money to the IRS and
November 6th, 2013
For 16 days, the government shut down effectively halted tax enforcement and collections. Now that the IRS is running at full steam again, should you be concerned?
The government shutdown from October 1 to October 16 closed not only the most critical U.S. government offices; it also furloughed the most essential federal employees. For 16 days, the business of tax collections: analyzing returns, auditing taxpayers, and filing tax liens, effectively
October 25th, 2013
The government shutdown earlier this month did more than fray the nerves of citizens. It also delayed the start of the tax filing season. An article by MSN Money titled: “Shutdown causes IRS to delay tax filing season” cites an IRS press release sent out on October 22 announcing an up to two week delay to the start of the 2014 filing season due to the 16-day federal closure. The
September 30th, 2013
The IRS recently posted both a video and a press release to remind taxpayers that if they filed for an extension, the due date is October 15th, 2013. According to the IRS, many of the more than 11 million taxpayers who requested an automatic six-month extension this year have yet to file. Below the video is information the IRS wants to make sure taxpayers are aware of:
Here are exemptions to
September 26th, 2013
After winning a monetary award from his former employer, Jimmie Duane Ross of Lehi, Utah, and formerly of Sevierville, Tennessee, never paid taxes on the money.
Now he’s going to pay handsomely.
Ross was convicted of five counts of tax evasion following a jury trial.
According to court records, Ross won a monetary award of approximately $840,000 in 1999 after arbitration of an employment dispute with a former employer.
Ross failed to pay the
September 26th, 2013
Today seems like as good day to poke fun at the IRS. Forbes contributor, Robert W. Wood supplies us with some good ammunition in his article titled: “20 Inspirational Quotes … About Taxes.” In it, there are some great gems from notables such as Chris Rock and Will Rogers who dared to utter ill words against Uncle Sam. Here are the top ten from that list:
1. “The taxpayer: that’s someone
September 24th, 2013
Today, I was reminded that it’s been over twenty years since Willie Nelson lost nearly all his possessions to IRS tax liens. Country music news website, The Boot featured an article titled: “23 Years Ago: IRS Places Liens on Willie Nelson’s Property for Back Taxes” that highlights the entertainer’s challenges with the IRS beginning on Sept. 21, 1990, when IRS placed $16.7 million in tax liens on his property. Here
September 22nd, 2013
Every month at Tax Defense Partners we choose a very special Tax Client Of The Month. It’s our way of acknowledging good friends and saying “thanks” to those who support our business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Thomas and Ms. Karen D.
Mr. Thomas & Ms. Karen D. owed the IRS over $79,000 in back taxes. After several months of
September 20th, 2013
It appears that some of Bernie Madoff’s Ponzi scheme victims will have to wait a little longer get their money back. CNNMoney’s article titled: “More than $2 billion for Madoff victims is still in limbo” details information provided by Securities & Exchange Commission (SEC) veteran and hedge fund founder Richard Breeden. Breeden was appointed by the U.S. Department of Justice in December of 2012 as “special master” of the distribution
September 17th, 2013
Another Swiss bank is experiencing the wrath of the U.S. Government’s focus on offshore tax cheats and revenue collection. A Reuters article titled: Another historic Swiss bank under U.S. tax spotlight reports that Swiss private bank Rahn & Bodmer is under investigation by U.S. authorities as part of a lengthy U.S. Swiss dispute over tax evasion.
The article provides a brief history of Rahn & Bodmer:
It is an old line Swiss
September 16th, 2013
A Las Vegas man faces up to three years in prison after pleading guilty to filing a false personal tax return for 2008.
According to court records, Arthur Risser Jr. earned more than $100,000 each year from 2006 through 2008 while employed as a large-engine mechanic.
Risser intentionally understated his wages and listed inflated amounts for withheld taxes to increase his refund on his individual income tax returns for 2006, 2007 and
September 13th, 2013
Tax liens can be filed by state and local taxing authorities to enforce collection activity for back taxes owed; when the IRS files a lien against someone, its serious business. However, after reading a recent Forbes article titled: “Many Tax Liens Are Wrong in DC, But How About IRS?” it appears that when it comes to property seizures, the IRS has fewer errors than others. Case in point: The Washington
September 12th, 2013
A tax audit either by the IRS or state taxing authority is no picnic. The process is intimidating, time-consuming, and can be costly especially if you are assessed additional taxes. It’s important that you know how an audit is triggered so that you can prevent one from happening to you. The latest Tax Audit Defense Top Five Audit Triggers to Avoid infographic highlights five top triggers so you can avoid
September 10th, 2013
A Florida man was sentenced to five years and one month in federal prison for committing stolen identity refund fraud.
James Earl Smiley, 41, of Tampa, Florida, pleaded guilty to one count of theft of government property and one count of aggravated identity theft.
He also agreed to forfeit $98,719.65, which represented the proceeds of his refund fraud offense.
According to court records, in October 2012, the Tampa Police Department stopped Smiley, who