Archive for June, 2007

For reasons that aren’t worth describing here, I’m in trouble. Whereas I once made six figures, I now make a roughly average income. Worst still, I owe a lot of money in back taxes – taxes owed for when I was making good money. In all, I owe about $127,000, according to an accountant. I don’t have that kind of money! What can I do?

Sunday, June 10th, 2007

Unfortunately, yours is an all too common situation. American taxpayers who fall on hard times often have difficulty paying their back taxes.
It happens. But it doesn’t mean the end of your life, and it certainly doesn’t mean financial ruin.
The first thing you should do is consult a qualified tax professional. Oftentimes, the amount owed to the IRS is inflated due to a variety of reasons, and there
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OHIO ATTORNEY CHARGED WITH TAX EVASION

Friday, June 8th, 2007

Attorney John H. Large of Niles, Ohio, was charged with four counts of willful failure to file federal income tax returns. The information charges that Large received $425,645 from his law practice. However, Large failed to file income tax returns on the money. If convicted, Large’s sentence will be determined by the court under the Federal Sentencing Guidelines, which depend upon a number of factors unique to each case.

CALIF. BUSINESSMAN CHARGED WITH EVASION

Thursday, June 7th, 2007

Ijaz Ghani, 36, and Mohammad Ahad Parvez, 41, of Woodland, Calif., pleaded guilty to federal income tax evasion charges. The owners of A & A Tires in Sacramento, Parvez and Ghani were 50 percent partners and brought in $1.5 million revenue. They reported less than half that amount of income in tax filings.

ANDERSON’S ARK CLIENT CONVICTED

Wednesday, June 6th, 2007

Scott F. Creasia, 40, of Tucson, was sentenced to 10 months in prison and ordered to serve one year of supervised release and pay $331,932 in restitution. Following a week-long trial, Creasia was convicted on charges of filing false federal income tax returns.According to the evidence, Creasia became associated with Lynden Bridges, a member of Anderson’s Ark and Associates, in 1998 and used sham partnerships to conceal the amount of
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Former Lawman, Politician Pleads Guilty to Fraud

Tuesday, June 5th, 2007

A former Far Hills, N.J., councilman who served as the town council’s police commissioner pleaded guilty to conspiring to launder approximately $700,000 in what he believed to be the proceeds of loan sharking and illegal gambling as part of a scheme to defraud the IRS of more than $200,000 he owed in personal income taxes.Thomas A. Greenwald, 53, admitted that he was introduced to two individuals allegedly involved in loan
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FORMER ARIZ. RESIDENT GETS 1 YEAR FOR INCOME TAX EVASION

Monday, June 4th, 2007

Robert N. Shearburn, Sr., 66, of Washougal, Washington, and formerly of Glendale, Ariz., was sentenced to 12 months in prison after he pleaded guilty to making and subscribing to a materially false tax return.Shearburn admitted he had signed and filed a tax return for the year 2000 that he knew contained false information. Shearburn said he filed the U.S. Individual Income Tax Return that falsely reported his adjusted gross income
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Mellon Bank Employee Lied to Investigators

Saturday, June 2nd, 2007

Lynn Kling, a resident of Terra Alta, W.V., pleaded guilty to a charge of making false statements related to a tax investigation.In connection with the guilty plea, Assistant United States Attorney Margaret E. Picking advised the court that the 59-year-old Kling lied to agents of the Treasury Inspector General for Tax Administration on July 16, 2001. TIGTA agents were investigating the loss of thousands of tax returns, checks and vouchers
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Exec Gets 18 Months for Tax Evasion

Friday, June 1st, 2007

The U.S. District Court in Portland, Ore., sentenced a former Oregon chemical company executive to 18 months in prison and ordered him pay a $50,000 criminal fine following his conviction on two counts of filing false U.S. federal income tax returns.The executive was also ordered to pay restitution for all taxes due, which will be determined by the Internal Revenue Service.
Trevor Smith, the former vice president of sales for Raisio
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