Archive for April, 2007

I owe nearly $167,000 in back taxes, according to my accountant. It’s my own fault, really. I followed some bad advice, and now I’m scared the IRS will be coming after me. I want to pay up, but I simply don’t have that kind of money. What can I do?

Thursday, April 12th, 2007

I know it’s unnerving to owe money to the IRS, but trust me, you have many options. You should know there are thousands of other American taxpayers in the same situation you are in.
The first thing you should do is consult a qualified tax professional. He or she will examine your previous tax returns with microscope, making sure that you aren’t obligating yourself to pay Uncle
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Wednesday, April 11th, 2007

Bridgeport, W.V., residents Doyle R. Sickles and Elizabeth W. Sickles were convicted on charges of evading taxes for the calendar years 1998 to 2002.
The Sickles were found guilty diverting more than $1.8 million of corporate funds for personal use. They face up to three years in prison and a fine of $250,000 on each count.


Monday, April 9th, 2007

Stephen Paul Glover, 54, formerly of Spring, Texas, entered a guilty plea to a charge that he filed a false 1999 income tax return and evaded paying thousands of dollars in income taxes on gains realized through the sale of stock received as payment for legal service.
Glover admitted he had filed false tax returns to avoid paying federal income taxes of approximately $145,715 over a two-year period.
Not only did Glover
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Sunday, April 8th, 2007

Eric D. Robins, a former security officer for Tennessee State University, was sentenced to one year in prison ordered to pay $62,865 in restitution to the IRS after pleading guilty to two counts of tax fraud.
From Feb. 1, 2001, to about Nov. 6, 2001, Robins filed at least 56 federal tax returns that resulted in fraudulent claims for tax refunds. These refunds included false information, such as false medical and
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West Palm Politico Did Not Disclose Payment

Friday, April 6th, 2007

Former West Palm Beach City Commissioner James L. Exline pleaded guilty in West Palm Beach, Fla., to filing a false individual income tax return with the IRS for tax year 2004.
Through an information, the United States Attorney’s Office alleged Exline failed to report $50,000 in income paid to him by a Palm Beach County land developer. The payment was for past and future real estate commissions and for land-planning services
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Texas Businessman Gets Fives Months

Thursday, April 5th, 2007

Wesley Craig Ownby, a Tarrant County, Texas, businessman, was sentenced to five months in prison to be followed by 150 days of home confinement. Ownby pleaded guilty to one count of failing to file an income tax return.
A real estate professional, Ownby admitted in court documents he knew of the requirement to file a federal income tax return and that he wilfully failed to do so for the calendar year
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Nashville Businessman Indicted on Tax Charges

Tuesday, April 3rd, 2007

The president of Nashville-based Hunter Marine Transport pleaded guilty to one count of income tax evasion for calendar year 2000.
James Ronald Hunter, 63, admitted he paid more than $229,600 in personal living expenses with corporate funds from 1999 to 2001. These personal living expenses were deducted on HMT’s corporate tax returns as corporate expenses and were excluded from the income Hunter reported on his personal income tax returns for those
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N.J. Co. Did Not Pay Taxes on $99 Million

Sunday, April 1st, 2007

U.S. Attorney Pat Meehan announced the filing of an information charging New Jersey-based E-Star Inc. with failing to pay federal taxes on more than $99 million in employee stock bonuses. He also announced E-Star will plead guilty to this charge. By the time of sentencing, E-Star and its parent company, Hon Hai Precision Industry Company Ltd., will have paid more than $29 million in criminal fines, taxes, penalties and interest.
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