Archive for September, 2007

So a colleague told me about the Offer in Compromise program. Why would the IRS be willing to allow taxpayers to settle for less than they owe, and how do I determine if I’m eligible for the program?

Monday, September 10th, 2007

The answer to your first question is simple: After spending years chasing deadbeat taxpayers, going door to door, office to office, city to city, the IRS realized that the hard-knuckled approach isn’t always the most effective.
Another effective solution, the IRS discovered, includes compromise and negotiation. With the Offer in Compromise program, the IRS can bring people with tax debt to the table and negotiate a payment amount that
[Read More]

Software Exec Pleads Guilty to Tax Evasion

Sunday, September 9th, 2007

Former Atlas Software chief executive officer Pradeep Kumar Walia pleaded guilty in federal court to a charge of tax evasion. In 1999 and 2000, Walia instructed his accounting and bookkeeping staff to misclassify reimbursements of personal expenses as if they were business expenses in order to evade his income tax obligations on such funds. He faces up five years in prison and a fine of up to $250,000.

Iowa Tailor Sent to Prison For Evading $51,295 in Taxes

Saturday, September 8th, 2007

Joseph Kim, 51, of Urbandale, Iowa, was sentenced to five months in prison for tax evasion. Kim pleaded guilty to income tax evasion for the year 2001. Kim is the sole shareholder of Kim’s Tailor, which is located at Valley West Mall.In imposing the sentence, the court accepted the total tax deficiency to be $51,295.

Dental Lab Owners Indicted for Evasion

Friday, September 7th, 2007

David S. Park and Dae Hee Kwon, the owners of a Dallas-area dental lab, have been charged with eight counts of filing or aiding and abetting the filing of false tax returns.According to the indictment, David S. Park and Dae Hee Kwon each owned 50 percent of Amtech Dental Lab Corporation, which provided lab and technical services for dentists. From 2001 through 2004, some of the checks Amtech received for
[Read More]

Former IRS Agent, Strip Club Owner Gets 18 Months

Thursday, September 6th, 2007

Former IRS agent Ronald C. Heidel, 60, of Sanibel, Fla., received 18 months in prison to be followed by one year of supervised release for making false statements on his and his wife’s joint tax return for the year 2001. Heidel was also ordered to pay a fine of $30,000 and $135,236 in restitution to the IRS.According to court records, Heidel worked as a revenue agent for the IRS from
[Read More]

Tax Scheme Promoter Convicted in New York

Wednesday, September 5th, 2007

A federal jury convicted A. Thomas Thorson, 67, of New York, for conspiracy to defraud the U.S. Treasury Department and aiding the filing of false income tax returns in connection with a scheme to sell millions in fraudulent income tax deductions.”People who cheat the IRS are cheating their friends, neighbors and fellow citizens,” said United States Attorney Rod J. Rosenstein.
Testimony at the three-week trial showed Thorson and his co-conspirators persuaded
[Read More]

Electronics Dealer Evaded Taxes on $1.2m in Income

Tuesday, September 4th, 2007

A federal jury found Neil Stierhoff, of Providence, R.I., guilty of tax evasion for failing to pay taxes on about $1.2 million in income that he earned from 1999 to 2002.During a week-long trial, prosecutors presented evidence that Stierhoff ran a business selling electronic testing equipment. He sold the equipment by mail, in person, and through eBay, the Internet auction site. From 1999 to 2002, Stierhoff earned more than $1.2
[Read More]

Nuclear Engineer Sentenced for Evasion

Sunday, September 2nd, 2007

A nuclear engineer will spend the next 15 months in prison after pleading guilty to fraud and tax evasion.Mark M. Kaushansky, 56, of Monroeville, Penn., was also fined $20,000 and ordered to serve three years of supervised release after completing his sentence.
Kaushansky had previously pleaded guilty to obstructing the Internal Revenue Service in the collection of the revenues and eight counts of personal and corporate tax evasion. The court had
[Read More]

Comtrol Exec Gets 43 Months

Saturday, September 1st, 2007

The former president of Comtrol Corporation of Maple Grove, Minn., was sentenced to 43 months in prison for conspiracy and tax evasion.Lee D. Stagni, 53, of Plymouth, Minn., helped Comtrol’s owner and CEO, Robert Beale, evade $2.5 million in federal and state taxes and more than $280,000 of his own taxes. Stagni also was ordered to pay a $60,000 fine and cooperate with the Internal Revenue Service in paying approximately
[Read More]