Archive for June, 2012

Doctor in New York Pleads Guilty to Filing False Tax Return

Friday, June 29th, 2012

A medical doctor living in New Jersey has pleaded guilty to filing a false personal income tax return for the year 2007.
Fadi J. Bejjani, 56, of Roseland, N.J., operated COPPS Medical, P.C., a pain management center in Utica, N.Y., and later in New Hartford, N.Y. With degrees from the University of Paris and New York University, Bejjani had 32 years of medical experience and specialized in spine, trunk and limbs.
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Follow Tax Resolution Services on Google+

Thursday, June 28th, 2012

Good news! Tax Resolution Services is on Google+.  Find TRS on Google+ and follow our page for:

Tax relief tips
Tax resolution videos
TRS photos and more.

Google+ is real-life sharing, rethought for the web. Google+ aims to make sharing on the web more like sharing in real life. Check out Circles, Messenger, and Hangouts. We encourage you to create your Google+ account today and follow TRS on Google+.

False Tax Returns Filed by ‘The Money Man’ of Las Vegas – Receives Prison Sentence

Tuesday, June 26th, 2012

A Las Vegas tax preparer known as “The Money Man” has been sentenced to almost three years in federal prison for filing false tax returns for clients and obstructing the IRS.
Vernon K. Newson, 54, of Las Vegas, was convicted by a jury on 22 counts of preparation of false tax returns, one count of obstruction of the enforcement of the tax laws, and two counts of presenting a false tax
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Offer in Compromise Helps Settle Back Tax Debt

Monday, June 25th, 2012

Question: How do I know if I qualify for the Offer in Compromise? I owe an enormous amount to the IRS, and I simply don’t think I can afford to pay it off.

Answer: Given your situation, you may well qualify for the Offer in Compromise. But to know for sure whether you qualify, you need to consult with a qualified tax professional.
In the meantime, let me give you some
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Filing False Tax Returns Gets New Hampshire Man 21 Months in Prison

Friday, June 22nd, 2012

Lawrence T. Smolinsky, 42, of Center Conway, N.H.,  was sentenced to 21 months in prison for filing false federal tax returns. Smolinsky knowingly failed to report business income totaling approximately $408,000 on his personal 2004, 2005 and 2006 federal income tax returns, which resulted in a tax loss of approximately $119,000 to the IRS. His case came to light as a result of the work of the IRS Criminal Investigation
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Filing False Tax Returns by Guilty New Jersey Construction Firm Owner

Thursday, June 21st, 2012

The owner of a New Jersey construction and remodeling business admitted to evading more than $100,000 in taxes by depositing business checks into his personal accounts and failing to report that income.
Sing Chan, 32, of West Orange, N.J., owned Custom Design and Carpentry. During tax years 2008 and 2009, Chan sometimes received payment for services through checks made payable to Custom Design, and sometimes checks were made out to Chan
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Offer in Compromise Saves Tax Clients Over $110K

Tuesday, June 19th, 2012

Every month Tax Resolution Services chooses a very special Tax Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who support our business with referrals, word of mouth and repeat business.
June’s Client Of The Month is Mr. & Ms. Tobias & Karen T.
Mr. & Ms. T. owed the IRS $118K when they contacted our firm. Our negotiations and advocacy resulted in the IRS accepting
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TaxMan Video Explains New Offer in Compromise

Friday, June 15th, 2012

The recent IRS announcement to the Offer in Compromise Program (OIC) has been some of the most sweeping, liberal, flexible changes in taxation history. This is BIG news! So big in fact, as part of our National Network Television show, TaxMan, I decided to add a video that outlined the new changes and how they can help consumers resolve their tax problems.  Below the video, I have outlined new OIC
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Tax Relief Expert Discusses IRS Relief Options

Thursday, June 14th, 2012

The Tax Man video series has allowed both the Tax Team and me to demonstrate how we find IRS relief for clients, even those experiencing difficult and unfortunate financial situations. The cases in this latest video are representative of ones we see on a daily basis. What’s rewarding is that at the end of the day after peeling back the layers of their financial mess, we find real solutions for
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For Filing False Tax Return, A Possible Year in Prison

Thursday, June 14th, 2012

A New Mexico woman faces up to a year in prison and a fine of up to $100,000 after pleading guilty to failing to file a tax return.
Delilah S. Haller, 56, of Albuquerque, N.M., was charged in a three-count indictment that alleged she willfully failed to file tax returns for the years 2005, 2006 and 2007. At the time of the alleged offenses, Haller did business as Rosewood Equities, LLC,
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Tax Evasion for Underreported Income by Guilty Nurse Anesthetist

Wednesday, June 13th, 2012

A registered nurse anesthetist in Virginia faces up to three years in prison and fines of up to $250,000 after pleading guilty to filing a false income tax return.
Steven R. Grose, 51, of Lebanon, Va., reported his business income and expenses through a subchapter S corporation, which allows the business profit or loss to flow through to the individual taxpayer.
Grose falsely overstated the corporation’s business expenses, underreporting the corporation’s profit.
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Singer Lauryn Hill Faces Serious IRS Tax Problems

Tuesday, June 12th, 2012

Grammy Award-winning singer, songwriter Lauryn Hill has dominated tax news last week for being charged with failing to file and pay three years of back taxes to the IRS. If found guilty, Ms. Hill could face a $100,000 fine for each count and one year in prison. Fast forward to this week, news agencies from Accounting Today, the LA Times and Huffington Post all reported on the singer’s odd, lengthy
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Avoid IRS Tax Issues-File FBAR by June 30

Monday, June 11th, 2012

The next Report of Foreign Bank and Financial Accounts (FBAR) filing deadline is June 30th and the IRS is pretty specific; unlike federal income tax returns, extensions are not available. Therefore, if you don’t file by the June 30th date, expect to be up against hefty penalties. A recent Forbes Article by Robert Wood called FBAR Penalties: When Will IRS Let You off with a Warning? reminds us that the
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Movie Producer Has Tax Debt, Files Bankruptcy

Friday, June 8th, 2012

The executive producer of the smash-hit 1999 horror movie The Blair Witch Project has filed for bankruptcy protection, citing his largest debt as more than $60,000 he owes to the Internal Revenue Service.
Kevin J. Foxe filed for Chapter 7 bankruptcy protection in California, reporting $132,724 in debt, of which $60,214 is owed to the U.S. government for taxes. Foxe reported his total assets as worth $900 total.
Following The Blair Witch
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Tax Experts Share Offer in Compromise Strategies

Thursday, June 7th, 2012

For this Wednesday’s Live Webcast, “6 Simple Steps to an Offer-in-Compromise: Completing Form 656” Eva Rosenberg, aka TaxMama® and yours truly walked tax practitioners through the six important steps in the Offer in Compromise (OIC) process highlighting the importance of “knowing” the IRS Form 656. We also discussed OIC strategies that negotiate the best deal for a qualified client and ways to get Offers accepted by the IRS.
The Offer in
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