Archive for July, 2009

Former Strip Club Owner Sentenced for Tax Evasion

Friday, July 24th, 2009

Jon Dale Adams of Jackson, Miss., was sentenced to 18 months in prison, to be followed by one year of supervised release, for filing a false federal income tax return in 2000. Adams was also ordered to pay a $5,000 fine.
The former owner of a strip club, Adams was indicted by a federal grand jury in February 2007. According to the indictment, Adams was charged with filing false returns that
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Think Like a Tax Lawyer: Beware of Tax Evasion Schemes That Could Lead to Serious IRS Tax Trouble

Thursday, July 23rd, 2009

Small business owners and sole proprietors have been identified as the largest group that is contributing to the increasing tax gap of $350 billion/year. It is extremely difficult for the IRS to investigate each small business owner to uncover tax evasion acts such as under-reporting income.
In the current economy, the astonishing yearly tax gap is alarming to policymakers who are desperately short of funds. They find that they cannot fulfill
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Georgia Women Plead Guilty to Tax Refund Conspiracy - Defrauded the US Government of Nearly $200K

Thursday, July 23rd, 2009

Georgia resident Yolanda Canty and Jacqueline Kier pleaded guilty to conspiracy to defraud the government following an IRS investigation that discovered their fraudulent tax-refund scheme.
The pair was involved in a scheme to file false tax returns based on fabricated W-2 forms in their own names and in the names of others.
Most of the “taxpayers” had no knowledge of the returns being filed in their names.
They would persuade individuals to provide
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Lawmakers Pressure the IRS to Strengthen Collection Efforts to Close the Yearly $345 Billion Tax Gap

Thursday, July 23rd, 2009

As part of recent efforts to collect unpaid taxes, the Senate Finance Committee has held a confirmation hearing on July 14 to consider the nomination of William Wilkins to be IRS Chief Counsel. Wilkins is expected to spearhead IRS efforts to close the $345 billion a year tax gap.
In this recession, the government feels more hard-pressed than ever to collect unpaid tax revenue in order to fund economically beneficial projects
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Tax Evasion Schemes Are Too Costly To Be Worth The Effort

Wednesday, July 22nd, 2009

In the current environment of increasing IRS enforcement efforts, it is unwise for taxpayers to evade taxes and think that they can get away with it.
While it may be true that a small percentage of tax evaders could enjoy a few years of “freedom” from the IRS, the ones who do get caught could be served with debilitating bank levies and heavy wage garnishments for life. (And you never know
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Make Sure The State You Live In Legally Recognizes Your Marriage Before You File a Joint Tax Return

Tuesday, July 21st, 2009

Principles and ideals of equal rights aside, the IRS will not allow you to file a joint tax return if your marital status is not legally recognized by the state in which you reside. Some same-sex marriage proponents have been refusing to file individual tax returns as an act of civil disobedience. However, the current climate is that the IRS only accepts joint returns from people whose marriages are legalized
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Tax Resolution’s Tax Client Of The Month

Tuesday, July 21st, 2009

Every month I choose a very special Tax Client Of The Month.  It’s my way of acknowledging good friends and saying “thanks” to those who support me and my business with referrals, word of mouth and repeat business.
 This month’s Tax Client of the Month is Mr. John Gordon.
Imagine owing the IRS over $78,000. That’s what Mr. Gordon’s debt to the IRS was when he enlisted our help. Our negotiations and
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Prevent IRS Tax Penalties Incurred from Unpaid Tax Deficiencies Without Reasonable Cause

Tuesday, July 21st, 2009

If you receive income but file a zero tax return for that year, you will be liable for IRS tax penalties for tax deficiency.
In addition, if you argue that you are (for unqualified reasons) exempt from income tax, you will be charged with the frivolous position penalty in addition to the IRS tax penalties that you would incur from unpaid taxes.
CCH (http://tax.cchgroup.com) reports:
Individual Subject to Tax on Income, Additions to
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Take Advantage of The Amnesty Period for Quiet Disclosures as U.S. and Swiss Governments Accelerate Hunt for Tax Evaders

Monday, July 20th, 2009

In an effort to more aggressively pursue tax evaders who hide assets in overseas accounts, the US Department of Justice, UBS AG (Swiss Bank), and the Swiss government are working together to reveal the identities of US depositors who use secret offshore accounts.
In order to aid Obama’s latest efforts to bring out tax cheats who take advantage of offshore tax havens, the government of Switzerland filed a brief in the
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Claiming False Tax Deductions on Your Tax Return Will Bring Severe IRS Penalties

Friday, July 17th, 2009

If you submit false documents in your tax returns, the IRS will impose severe tax penalties on you upon discovery. The money you save by trying to claim excess deductions (that are not entitled to you) is not worth the IRS trouble you will bring yourself.
CCH (http://tax.cchgroup.com) reports:
Individual Submitting False Documents Liable for Fraud Penalty
An individual who improperly claimed deductions for employee business expenses and who submitted false documents
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California Investor Failed to File Tax Returns and Report $15 Million in Capital Gains

Friday, July 17th, 2009

A California businessman pleaded guilty to not reporting $15 million in capital gains from the sale of real estate.
Luke D. Brugnara was in the business of acquiring and renting real estate in the San Francisco area and elsewhere. In February 1998, the IRS requested copies of Brugnara’s individual income tax returns for the years 1990 to 1996, in addition to copies of tax returns for Brugnara Corporation. Brugnara returned those
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New Offer in Compromise Application Helps Taxpayers Settle Back Taxes and IRS Penalties

Friday, July 17th, 2009

The Offer in Compromise (OIC) application process has been a challenging and burdensome process for many applicants. The privilege of being approved for a OIC closely resembles receiving amnesty from the IRS; you can save thousands of dollars in back taxes, IRS tax penalties and interest.
Recently, the IRS unveiled a simplified version of the OIC application form by splitting the original form into two parts: Form 656 and Form 656-B
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Ask the Tax Resolution Expert: Renewal of IRS Property Liens, 2 Liens on 1 Property

Wednesday, July 15th, 2009

Tax problems can get confusing and overwhelming. As a tax resolution specialist, I help individuals and businesses resolve their IRS debt and tax problems every day - and I can help you get the help you need to get the IRS off your back!
Got tax questions?  Call our office at 1-866-IRS-PROBLEMS for a free risk-free tax resolution consultationwww.taxresolution.com or visit

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QUESTION: If the IRS has a current tax lien on one’s
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Treasury Aims to Increase Voluntary Compliance Rate To Close Tax Gap and To Help Quicken Economic Recovery

Wednesday, July 15th, 2009

The Obama Administration has given the IRS more financial and human resources to restrict tax evasion for the next couple of years–making it more difficult for tax cheats to escape unscathed. In an effort to bridge the enormous tax gap (most of which can be attributed to underreported income–$285 billion), the U.S. Treasury is working with the IRS to accomplish a number of stricter regulatory goals that would result in
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Arizona Businessman Gets 12 Months for Failure to File Income Taxes

Tuesday, July 14th, 2009

An Arizona businessman has been sentenced to 12 months in federal prison for failure to file a federal income tax return.
Mario Alexander Pino, 38, a self-employed consultant in Scottsdale, was indicted by a federal grand jury in August 2008 and entered a guilty plea in March 2009 to the crime of willful failure to file his 2003 tax return. Pino was also ordered to serve one year of supervised release
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