Archive for January, 2007

Since the New Year has rolled around, I’ve made myself a promise: I want to get rid of my tax debt. I owe about $140,000 in back taxes and now earn about $65,000 per year (with no savings). I don’t know where to begin. Can you help?

Wednesday, January 10th, 2007

You’ve made the first step. The hardest part in overcoming tax debt is coming to the realization that you want to finally eradicate that debt. Considering the amount you owe and your annual income, I realize that this tax problem can seem insurmountable. But trust me: It isn’t.
What you need to do is find a qualified tax professional. He or she will analyze your
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Wednesday, January 10th, 2007

Timothy McCormick, 50, of Wilton, Ct., pleaded guilty to two counts of tax fraud. According to court documents, McCormick willfully filed false tax returns for the years 1999 and 2000, in which he underreported the amount of gross receipts from his business, TLC Pets of Darien. McCormick faces up to three years in prison and a fine of up to $100,000
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Wednesday, January 10th, 2007

Andy Tran, 31, of Scranton, Penn., was sentenced to two years of probation for making and subscribing a false individual tax return. The first six months of Tran’s two-year term must be served in home confinement with an electronic monitoring device. Tran employed suspected illegal aliens, putting them to work in production-line jobs. Tran’s customers wrote checks payable to
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Tuesday, January 9th, 2007

A former Wayne, N.J., resident who operated a mortgage and real estate business pleaded guilty to tax evasion, admitting that he failed to report to the IRS nearly $836,500 of income.
Russell Mainardi, 51, of Hyland Mills, N.Y., admitted that he permitted mortgage loans to be made to borrowers based on false information submitted to the banks. He then directed commissions
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Monday, January 8th, 2007

Charles Sigerseth, 66, of Sacramento, Calif., was sentenced to 63 months in federal prison on charges of conspiracy to defraud the United States in the assessment and collection of taxes and two counts of tax evasion related to his 1995 and 1996 federal income tax returns.
According to trial evidence, Sigerseth attended a seminar put on by a company called “National Trust
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Vegas Man Gets 46 Months for Tax Charges

Saturday, January 6th, 2007

A Las Vegas man has been has been sentenced to 46 months in prison for mail fraud, money laundering and tax evasion.
On June 1, 2006, Frank Kolk, 50, pleaded guilty to the charges. In addition to his incarceration, Kolk was ordered to pay $2.5 million in restitution and satisfy his $1.3 million IRS debt.
The charges stem from Kolk’s scheme to defraud
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Tax Evasion Sentence Upheld in Tennessee

Friday, January 5th, 2007

Chief U.S. District Judge Todd J. Campbell has dismissed a lawsuit seeking to vacate, set aside or correct his sentence filed by convicted tax evader Ricky Paul Brunet.
Brunet was convicted of four counts of income tax evasion and sentenced to 27 months in prison. Brunet testified that on the evening after the guilty verdict was announced, he instructed his defense
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CEO Indicted on Tax Evasion Charges

Wednesday, January 3rd, 2007

A federal grand jury indicted John Frances Griffin, of Orinda, Calif., with mail fraud and tax evasion, in a scheme in which he lied to investors and employees about making significant loans to the company he was running.
According to the indictment, Griffin, 43, was the CEO of VaporTech, Inc., a startup company in Livermore, Calif., involved in the research and
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Mobster: I’m Guilty!

Tuesday, January 2nd, 2007

Genovese wise guy Matthew Ianniello, 86, has pleaded guilty to racketeering and tax charges in Connecticut.
On June 8, 2006, a federal grand jury in New Haven indicted Ianniello and several others on various charges stemming from an investigation of the waste-hauling industry in Connecticut and New York.
Since the 1960s, the Mafia in the New York area has represented garbage
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