Archive for August, 2007

I’ve seen picket signs on the side of the road. I’ve heard of all the scams, and I’m not a sucker. I would never fall for one of those scams. In fact, I’ve never wanted to not pay the IRS. I wish it were as simple as not wanting to pay. As an independent contractor, I’ve made a substantial amount of money over the years. But owing to some bad tax advice, I’m in a bind. I’ve amassed a huge debt to the IRS and I recently lost my biggest client. I don’t know how I’ll pay the tax debt. What can I do?

Thursday, August 9th, 2007

For what it’s worth, you should know your position isn’t unusual. Many businessmen who are fabulously successful accept bad tax advice, and by the time they realize they owe a large sum to the IRS, they are no longer making the same income that helped them dig so far into tax debt.
But don’t worry. You have options. Since you know you owe the money and want to find
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Mover Charged with Income Tax Evasion

Tuesday, August 7th, 2007

Alan L. Homsy, 45, of Allston, Mass., pleaded guilty to two counts of filing false tax returns, eight counts of false and fraudulent claims for tax refunds and 18 counts of failure to collect and pay employment taxes. Homsy owned and operated moving companies, and evidence showed he failed to collect and pay the IRS more than $85,000 owed for income taxes withheld from employee wages and for employer FICA
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Physician Charged With Concealing More Than $1 Million in Income from IRS

Monday, August 6th, 2007

A federal grand jury indicted Ndubuisi Joseph Okafor, a 49-year-old doctor in Mitchellville, Md., on charges of tax evasion and filing a false federal tax return.According to the 13-count indictment, Dr. Okafor operated a medical practice called The Okafor Group, which provided primary care medicine in the Washington D.C. metropolitan area.
The indictment alleges that from 1997 to 2005, Okafor evaded his taxes by reporting false information to the IRS and
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Doctor Hid From IRS $900,000 in Offshore Accounts

Sunday, August 5th, 2007

A doctor in Northern California pleaded guilty to tax evasion and has agreed to pay the United States $900,000 in back taxes.Leroy Albert Lewis, of Danville, Calif., was charged with one count of conspiracy to defraud the United States and four counts of tax evasion. Under the plea agreement, Lewis pleaded guilty to one count of conspiracy.
According to the indictment, for more than 10 years, Lewis, an oral surgeon, attempted
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COUPLE CONCEALED INCOME OFFSHORE

Saturday, August 4th, 2007

Following an investigation by the Internal Revenue Service Criminal Investigation, Michael and Jan Watts pleaded guilty to one count of filing a false tax return.Michael Watts, 60, and Jan Watts, 54, formerly of San Martin, were charged with one count of income tax evasion. In a superseding information, prosecutors also charged the Watts with one count of filing a false tax return.
Under the plea agreement, the Watts pleaded guilty to
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Oil Exec Pleads Guilty to Evasion

Friday, August 3rd, 2007

Oil executive Jack R. Durland Jr., formerly of Gulfport, Miss., pleaded guilty to federal income tax evasion.Durland served as vice president of Gulfport Oil & Gas and as vice president of T.J. Oil & Gas. For the 1999 tax year, he failed to report $55,000 in salary payments from T.J. Oil. For the 2000 tax year, he failed to report $5,000 in salary payments he received from T.J. Oil. Also
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Investment Co. CEO Faces Up to Five Years

Thursday, August 2nd, 2007

John J. Lawbaugh, the former chief executive officer of two Maryland investment companies, pleaded guilty to wire fraud, theft from a registered investment company and income tax evasion.”By abusing his authority as chief executive officer of two investment companies, Mr. Lawbaugh stole more than $1.2 million,” said U.S. Atty. Rod J. Rosenstein. “It is essential for us to protect investors in order to preserve public confidence in our financial markets.”
According
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Tax Fraud Promoter Gets 42 Months

Wednesday, August 1st, 2007

Following a three-week trial in Denver that resulted in his conviction on charges of conspiracy to defraud the United States and filing false tax returns, tax fraud promoter Robert N. Bedford, 60, of Seminole, Fla., was sentenced to serve 42 months in federal prison and three years of supervised release.The evidence established that Bedford provided legal and tax advice to his co-conspirators on how to circumvent IRS regulations and create
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