Nicolas Cage just won a deal with the Internal Revenue Service to pay $666,000 plus interest for improperly deducting $3.3 million in personal expenses from 2002 to 2004. Earlier this year, Cage contested a personal IRS bill for $814,000 in taxes, interest and penalties, while his Saturn Productions of Los Angeles company was stuck with a bill for $988,000.
While Cage’s settlement includes $99,000 for an accuracy related penalty, no penalties
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It doesn’t surprise me that TRS gets asked all the time about the Offer In Compromise Tax Negotiations Do’s and Don’ts. The OIC process is so complicated and detailed there’s no wondering why the Offer acceptance rate is so low.   For example, in 2007, 46,000 Offers were submitted and only 12,000 or about 26% were accepted. TRS’s acceptance rate on the other hand, on offers we submit is nearly 5
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      Donald Louis Hymes, 73, a resident of Fairbanks, Alaska, was sentenced to five months in prison for violating conditions of supervised release. His violation: failing and refusing to file individual income tax returns and pay incomes taxes for numerous past years. According to information presented to the court, Hymes violated the conditions of his supervised release after having served a prison sentence for his 2003 conviction in federal
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Due to circumstances outside of our control, we have had to reschedule today’s tax help webinar in the Online Networking Events (O.N.E.) series. I apologize for any inconvenience, but please stay tuned for updates on the new date and time.
In the meantime, you can tune in tomorrow, September 9 at 4:00pm EST for my guest appearance on the Frank Pastore Show on KKLA 99.5FM in Los Angeles. I always enjoy
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Thanks to YOU, the word is spreading. Thanks to my clients and friends who graciously referred me to their friends, clients and relatives last month!I enjoy building my business based on the positive comments and referrals from people just like you.
Stanley Glanz and Sean Foley
I just couldn’t do it without you!

I just returned from filming a segment for the The Big Biz Show with Russ and Sulley on WealthTV. That’s right, Russ & Sully have taken their fun approach to business and personal finance from their national radio show to the new cable TV network WealthTV. I visited their incredible 40,000 square foot headquarters in San Diego, CA, which is home to the state-of-the-art broadcast technology that fuels WealthTV’s signature high definition network.
Check
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The IRS busted one of its own.
Jesse Pedro Hernandez Jr., 30, of Fresno, Calif., is charged with an 11-count tax fraud indictment.Â
According to prosecutors, Hernandez was a Tax Examining Technician with the IRS in Fresno. Hernandez assisted other taxpayers to obtain refunds they were not entitled to receive by falsely claiming money had been withheld from rollover distributions on Individual Retirement Accounts. In some cases, the request for a refund
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What’s even worse than paying bills?  Paying extra or surprise charges on your bills! Santa Monica, CA resident, Aurelie Foucaut, opened her wireless bill to read $59.77 in ordinary usage charges and a data service roaming charge of $2,367.40! Foucaut disputed the charge and requested for proof.  According to the Los Angeles Times, she still has not received supporting evidence and continues to fight this surprise charge.
One thing you can
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Robert E. Lehman, 57, of Indianapolis, Ind., was sentenced to eight months in prison and six months home detention following his guilty plea to making a false federal income tax return. Lehman was a personal injury lawyer. The evidence presented indicated that Lehman signed and filed false Form 1040 personal income tax returns with the IRS for the years 2002 through 2004. The returns were false in that Lehman understated
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Self-proclaimed priest Earl R. Wolfe, 59, was convicted on charges of conspiring to defraud the United States and six counts of filing a false tax return. According to court documents, from 1999 to 2004, Wolfe reported $600 of income on tax returns. However, he in fact earned more than $750,000 as an unlicensed architect. Wolfe attempted to conceal his income by cashing more than $600,000 at a local check-cashing store and
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