Archive for February, 2008

IRS Question Corner …

Wednesday, February 6th, 2008

Question: I don’t think I qualify for the Offer in Compromise program. However, I’ve heard a little bit about the IRS’s Installment Agreement. What is that and how could it help me?
Answer:  First, unless you have consulted with a qualified tax professional and he or she has advised you that you do not qualify for the Offer in Compromise program, do not assume you are ineligible.
The Offer in Compromise program
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Personnel Co. Exec Ordered to Pay $4.2m

Tuesday, February 5th, 2008

After pleading guilty to failing to pay payroll taxes, Bruce Alexander Brown, the former owner of employee-leasing business Excell Personnel, was sentenced to 36 months in prison and ordered to pay $4.2 million in restitution to the IRS.
Brown, a Dallas resident, did not pay federal payroll taxes for Excell in 2001 and 2002. According to court documents, Brown’s company “leased” employees to companies that did not want to hire their
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IDAHO MAN GETS FIVE MONTHS PROBATION

Sunday, February 3rd, 2008

The owner of Glenn Electric has been ordered to serve five years of probation and pay $300,000 to the IRS and a $10,000 fine for filing a false federal income tax return.
Robert R. Glenn III, 47, of Boise, pleaded guilty to filing a false federal income tax return for 2001 by charging personal expenses to his business. Among other things, he used a corporate credit card to pay personal expenses
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Gas Station Owner Guilty of Evasion

Sunday, February 3rd, 2008

A Michigan gas station owner was found guilty of three counts of filing a false tax return after a five-day bench trial.
According to court records, from 1999 to 2001, Yousef Safiedine, 60, of Farmington Hills, owned a gas station in Dearborn, Mich., which he leased to a family member. He received monthly payments from either JLJ Enterprises or MTK Family Investments and reported only a portion of the rental income,
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2007 Audits, Enforcement Revenue Up for IRS

Saturday, February 2nd, 2008

The IRS’s years-long trend of getting more and more aggressive with taxpayers continued in FY 2007. Tax enforcement revenue reached $59.2 billion.
The numbers are in, taxpayers.
For those who questioned whether the IRS could continue its years-long trend of increasing audits with more vigilant enforcement, the numbers released for fiscal year 2007 show the tax-collecting means business.
During 2007, the IRS audited 84 percent more returns of individuals with incomes of $1
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Feds: Banker Did Not Report Income

Saturday, February 2nd, 2008

A California banker is facing a stiff prison sentence after not declaring a six-figure income derived from a prime bank scheme.
Mary J. Clagg, 60, of Fresno, was indicted on federal income tax charges stemming from the scheme. She has pleaded not guilty.
According to the government, from approximately January 1999 to December 2002, CLAGG received commissions from Resource Development International (RDI), a scheme that raised nearly $98 million. RDI was in
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CONN. MAN DID NOT REPORT LIQUOR SALES

Friday, February 1st, 2008

Gurdev S. Kaura, 54, of Naugatuck, Conn., pleaded guilty to one count of willfully filing a false tax return.
According to court documents, Kaura owned and operated Fairfield Wine and Liquor. He also was employed as a maintenance worker and received W-2 wages.
On his 2005 tax return, Kaura falsely represented that his total taxable income was $8,136 when, in fact, his total taxable income was $123,812, the difference resulting primarily from
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ARIZ. TAX PROTESTOR DID NOT REPORT $2 MIL, GETS 18 MONTHS IN JAIL

Friday, February 1st, 2008

Roy A. Ottinger II, 48, of Phoenix, Arz., was sentenced to 18 months in federal prison after being charged in an information to two counts of failing to file income tax returns. Ottinger was also ordered to cooperate with the IRS in order to come into compliance.
Ottinger was a licensed chiropractor in the state of Arizona, conducting his chiropractic practice in Apache Junction through Optima Multi-Care PLC, a Limited Liability
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