Archive for October, 2008
Thursday, October 9th, 2008
It’s possible to write off plastic surgery as a business expense, but you have to be able to prove your appearance affects your earning potential. I had a client who was a stripper and she claimed her breast augmentation operation as a business expense. The Internal Revenue Service says that in general, a nip tuck may qualify for a write-off if it is “ordinary and necessary.” So when the IRS denied the deduction, she
Tags: business tax deduction, plastic surgery, tax expert
Posted in Tax news and tips | No Comments »
Thursday, October 9th, 2008
Arnold & Porter the latest to be effected in IRS’s continued push against tax cheats and tax shelters as the government continues to press on.
By Michael Rozbruch
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The onslaught continues.
The Internal Revenue Service’s latest victim: Arnold & Porter, an international law firm and a heavyweight in the corporate world.
The IRS reached a settlement agreement with Arnold & Porter in September which required the law firm to pay a civil tax promoter
Tags: tax shelters
Posted in IRS Tax Cases, IRS Times and Inquirer | 2 Comments »
Wednesday, October 8th, 2008
A federal grand jury returned two separate indictments charging two Florida businessmen with various income tax fraud charges.The two defendants are James T. Lovern, 37, a resident of St. Petersburg, Fla.; and Leo J. Corrigan IV, 38, also a resident of St. Petersburg, Fla.According to the allegations in the two indictments, Lovern and Corrigan co-owned and operated various businesses in Pinellas County between 2001 and 2004.The indictment filed against Lovern
Tags: Filing Fales Federal Tax Return, tax fraud
Posted in IRS Times and Inquirer | No Comments »
Wednesday, October 8th, 2008
I was recently asked to do a guest article on a great blog called The Wandering Tax Pro as part of a special series featuring the blog-o-sphere’s best tax bloggers. TWTP is a great resource for tax professionals so I hope you check it out and read my post on “My Best Tax Advice for the Taxpayer who Needs IRS Debt Relief.”
Tags: IRS problem solver, IRS tax problems, tax expert, tax help, tax resolution
Posted in Tax news and tips | No Comments »
Monday, October 6th, 2008
I will be appearing on the weekly blogtalkradio business show live on October 8th at 1 PM, EST (1am, PST). The show is hosted by Regina McRae, owner of Grandma’s Secrets, New York’s only desert delivery company.
Join us for an informative segment for sole proprietors and small business owners who want to know how to avoid tax pitfalls. You are also invited to join us in the chat room or to call in with
Tags: , blogtalkradio.com, business taxes, small business tax advice, tax expert
Posted in Tax news and tips | 2 Comments »
Saturday, October 4th, 2008
As you’ve no doubt read in the pages of IRS Times & Inquirer, there are a lot of scam artists out there who would like to take advantage of people with tax troubles. Many of these scam artists will make such claims.
That’s why it’s important to see a qualified tax professional; he or she may be able to in fact reduce your tax debt by pennies on the dollar.
A true
Tags: Free Tax Consultation, IRS Times & Inquirer, Offer in Compromise, Qualified Tax Professional, tax debt
Posted in IRS Question Corner, IRS Times and Inquirer, Offers in Compromise, Seeking Professional Tax Help, Tax Debt Help News | No Comments »
Thursday, October 2nd, 2008
I did a post a while back called “Even the Beautiful and Famous Pay Taxes”
Once again, another “star”, a “Dancing with the Stars” star, is in hot water with the IRS.
Helio Castroneves, indy race car driver and ABC dancing star, was accused today of using “an offshore Panamanian shell corporation Seven Promotions to conceal and disguise the true and correct amount of Helio Castroneves’ income from the Internal Revenue Service.”
The alleged
Tags: celebrity tax evasion, dancing with the start, helio, helio casrtoneves, tax evasion
Posted in IRS Tax Cases, IRS Times and Inquirer | 1 Comment »
Thursday, October 2nd, 2008
Everyone is anxious for news of tax refunds and economic stimulus payments, right? Scam artists obviously think so. “Just click the link in this e-mail”, the IRS official apparently requests. Scam artists are luring U.S. taxpayers with claims of information about upcoming refunds and payments to collect information they can use for identity theft.
In 2008, so far, taxpayers reported to the IRS more than 1,600 such e-mails, known as “phishing”
Tags: Phishing Tax Scams, Professional Tax experts, Protect Taxpayers, Tax Refunds, Tax Scam Artists
Posted in IRS Question Corner, IRS Tax Cases, IRS Times and Inquirer, Tax Resolution Options and Alternatives, Tax Scams | No Comments »
Wednesday, October 1st, 2008
I’m being interviewed by Frank Pastore on KKLA Thursday, October 2nd at 4:25 PST. I’ll be talking tax relief, tax tips, IRS and more!
Tags: Frank Pastore, irs relief, irs tax relief, KKLA, tax relief
Posted in Tax Problem FAQs, Tax Relief News | No Comments »
Wednesday, October 1st, 2008
Frank Scaramuzzino, of Shelby Township, Mich., owner of Premier Autoworkers, was charged with three counts of failure to file income tax returns and four counts of failure to pay income tax.
According to court records, during the 2001 through 2003 tax years, Scaramuzzino received gross income of more than $2 million and failed to file his income tax returns with the IRS. As a result, he failed to pay $736,917 in
Tags: Fail to File Tax Returns, Free Tax Consultation, income tax returns, tax debt
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »