Archive for July, 2012
Monday, July 30th, 2012
James C. Howell Jr., 54, of Germantown, Tenn., a suburb of Memphis, pleaded guilty to one count of income tax evasion, admitting that he attempted to evade payment of nearly $300,000 in taxes.
According to court records, Howell, a former certified public accountant, filed a 2004 federal income tax return with the Internal Revenue Service that falsely claimed he had no taxable income for that year.
Howell admitted that he understated gross
Tags: Failing to file tax return, filing false tax return, IRS tax case, tax cheat, tax evasion, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Friday, July 27th, 2012
A former resident of San Rafael, Calif., was charged with filing false tax returns. For the tax years 2005 through 2008, John Kieran Hynes allegedly filed returns that he did not believe to be true. He reported gross receipts from his construction in those years for $10.2 million. Hynes allegedly knew the gross receipts from his business were in excess of the amounts reported on those returns. He faces up
Tags: filing false tax returns, tax cheat, tax fraud, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Friday, July 27th, 2012
Anyone who believes the IRS takes a “kinder, gentler” approach to taxpayers who don’t report their offshore bank accounts had their hopes dashed this week. In the news were two cases that involved secret Swiss bank accounts, millions of dollars unreported in those accounts and willful attempts at keeping those accounts hidden.
A Virginia court ruled in favor of the IRS against an ex-Mobil executive who they said intentionally failed to
Tags: Back Taxes, FBAR, FBAR regulations, IRS penalties, offshore bank accounts, offshore tax settlement, tax attorney, tax lawyers, tax relief, Tax Resolution Specialist
Posted in 365 Ways to Keep the IRS at Bay, IRS payment plan, Offshore Tax Settlements, Penalty Abatement, Tax news and tips, Voluntary Disclosure, tax help, tax resolution | No Comments »
Thursday, July 26th, 2012
The government is focused on narrowing budget gaps and trying to find revenue from wherever it can. In recent years, the IRS has set its sights on small business and upped S-Corporation audits believing there was a good chance to collect on their non-tax compliance. However, a Reuters article titled Small business audits often find no more taxes due-IRS watchdog reports that IRS watchdog, Russell George criticized the high number
Tags: Back Taxes, certified tax resolution specialist, IRS audit, irs tax relief, tax attorney, tax help, tax issue, tax problems
Posted in 365 Ways to Keep the IRS at Bay, Business Services, IRS tax audit, Tax news and tips, Taxpayer Advocate, income tax relief, tax resolution | No Comments »
Thursday, July 26th, 2012
The former owners of a Wichita, Kan., healthcare company have pleaded guilty to filing false tax returns.
Gerard Lessard, 68, and his wife, Betty Lessard, 73, both of Wichita and former owners of ProActive Health Care, each pleaded guilty to one count of filing a false tax return.
In their pleas, they admitted that in October 2005 they filed a joint federal tax return for the year 2004 in which they failed
Tags: filing false tax returns, tax cheat, tax evasion, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Wednesday, July 25th, 2012
Taxing America’s most wealthy citizens will not even come close to accomplishing the goal of balancing the budget. It’s actually a joke to even suggest that it would.
Tags: consumption tax, flat tax, national debt, tax advice, tax expert, tax resolution services, taxing the rich
Posted in Ask the Expert, Small Business Taxation, Tax Blogs, Tax Relief News, Tax news and tips, tax resolution, tax resolution services | No Comments »
Tuesday, July 24th, 2012
Question: I owe for several years of back taxes. How do I know whether the Offer in Compromise or the Installment Agreement is right for me?
Answer: Great question. The truth is, you will need to consult a qualified tax professional to be certain which of these plans is appropriate for you. But I hope by explaining in detail what these plans offer, you’ll be better informed when you meet
Tags: back tax debt, Free Tax Consultation, Installment Agreement, IRS offer in compromise, IRS payment program, Offer in Compromise, owe back taxes, pay tax debt, paying back taxes, Qualified Tax Professional, Tax Relief Consultation, tax resolution services
Posted in Back Taxes, Expert Help From Tax Attorney, IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, IRS help, IRS payment plan, Offers in Compromise, Seeking Professional Tax Help, Tax Debt Help News, tax help | No Comments »
Monday, July 23rd, 2012
Usually, most taxpayers make mistakes by overstepping tax law boundaries. However, the IRS is not above making mistakes too, and can create tax problems and disputes as a result. When this happens, we stop and take notice. An article by Janet Novack of Forbes The IRS Art Advisory Panel Has Its Head In the Clouds reports on one such noticeable case; the strange and bizarre tax dispute between the IRS,
Tags: Back Taxes, delinquent taxes, IRS audit, IRS penalties, tax debt, tax lawyers, tax problems, tax resolution
Posted in Tax Problem FAQs | No Comments »
Monday, July 23rd, 2012
An Idaho contractor has pleaded guilty to tax violations that could send him to prison for three years.
According to the plea agreement, Garth Callaghan, 57, of Hailey, Idaho, has owned Garth Callaghan Construction Inc. since 1998. Callaghan paid his employees, in part, through checks he drew on his personal account. Callaghan admitted that he failed to collect any withholdings and trust fund taxes on these payments. He agreed to pay
Tags: failure to collect withholdings from paychecks, tax evasion, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Friday, July 20th, 2012
Happy Friday everyone! It’s time for another weekly tax relief roundup covering a myriad of IRS tax debt issues currently talked about in the news.
It seems there are always headlines about people trying to scam the tax system. This week was no exception:
Jerold Fisher from Arma, Kansas was charged with filing false claims that he over paid more than $3.9 million in taxes, and that his mother (whose returns Fisher
Tags: IRS tax deb issues, offshore bank accounts, Offshore Voluntary Account Disclosure, Repatriation Tax, tax evasion, tax lien, tax relief, tax resolution services
Posted in 365 Ways to Keep the IRS at Bay, IRS help, Offshore Tax Settlements, TAX MAN TV, Tax Liens and Levies, Tax Relief News, Voluntary Disclosure, tax help | No Comments »
Friday, July 20th, 2012
Since starting Tax Resolution Services (TRS) in 1997, I have seen my share of tax resolution firms come and go with some firm closures so large their demise made news headlines. As an industry pioneer and national tax resolution expert, I discovered a few secrets to staying in the game were to provide excellent customer service and hire and train great people.
The latest TaxMan video gives viewers a chance to
Tags: Offer in Compromise, tax attorneys, tax issues, tax resolution services, TaxMan
Posted in 365 Ways to Keep the IRS at Bay, Expert Help From Tax Attorney, Offers in Compromise, TAX MAN TV, Tax Relief News, income tax relief, tax resolution, tax resolution services | No Comments »
Wednesday, July 18th, 2012
Following a four day trial, an Oregon tax protestor was found guilty of three counts of income tax evasion, three counts of willful failure to file tax returns and one count of witness tampering.
According to court records, Randall Blair Johnson, 53, of Sisters, Ore., was a real estate agent and half-owner of TR Hunter Real Estate, a company in Florence, Ore. Johnson’s primary sources of income were from real estate
Tags: delinquent tax returns, failure to file tax returns, tax cheat, tax evasion, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »
Tuesday, July 17th, 2012
Most American citizens with offshore bank accounts know by now that they are obliged to report them to the IRS. Since 2009, the Offshore Voluntary Disclosure Programs (OVDP) have been instrumental in bringing hundreds of Americans including joint filing couples into tax compliance. But for couples, what happens to compliance if one spouse wants to participate in OVDP to come clean without the other spouse knowing? A Forbes article entitled
Tags: certified tax resolution specialist, FBAR reports, IRS enforcement, IRS penalties, offshore accounts, Offshore Voluntary Disclosure Programs, offshore voluntary disclosure programs (OVDP), OVDP, tax attorney, tax expert
Posted in Tax Problem FAQs | No Comments »
Monday, July 16th, 2012
A Kansas farmer has been charged with receiving millions of dollars in tax refunds based on filing false tax returns.
Jerold D. Fisher, 47, Arma, Kan., is charged with one count of filing false claims. An information filed in Topeka alleges Fisher, who was the registered agent for Fisher Alfalfa Farms, prepared false tax returns both for himself and for his mother in order to receive tax refunds that were not
Tags: falsifying tax returns, filing false tax returns, tax cheat, tax evasion, tax resolution services
Posted in Tax Problem FAQs | No Comments »
Monday, July 16th, 2012
When it comes to financial investments, we’ve all heard “if it sounds too good to be true, it usually is.” Yet in spite of that warning, every year thousands of Americans lose their entire life savings to Ponzi schemes. The most infamous is Bernie Madoff who is serving a 150 year prison term for running one of the biggest Ponzi schemes in history. His financial scam devastated thousands, many being
Tags: Bernie Madoff, certified tax resolution specialist, IRS audit, irs tax relief, madoff, ponzi scheme, section 165 representation, tax relief
Posted in 365 Ways to Keep the IRS at Bay, IRS help, IRS tax audit, Tax Problem FAQs, Tax Relief News, Tax Scams, Tax news and tips, tax help | No Comments »