The IRS is busy scrutinizing the hallowed halls of higher education. A recent article written by Michael McDonald of Bloomberg News, reports on IRS’ stepped up enforcement of non-profit colleges and universities across America to properly report income from all revenue streams. The American academic community is seeing first-hand the strong arm tactics of the IRS including the beloved Harvard University and the hotel it owns overlooking the Charles River.
Universities
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A woman in Denver who operated a prostitution business was sentenced to time served, followed by two years of supervised release, for tax evasion in connection to her illegal business.
According to the plea agreement, in approximately May 2005, Brenda L. Stewart, 36, agreed to purchase a prostitution business in which she was employed, known as Denver Sugar and Denver Players.
Stewart created an entity called Phoenix Media and Consulting, LLC. This entity
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Bow Wow, a 24-year-old rapper whose real name is Shad Gregory Moss, owes the Internal Revenue Service nearly $100,000.
According to TMZ, the federal government filed a tax lien against Bow Wow in Florida for $91,105.61 in unpaid taxes from the year 2006.
Formerly known by the stage name Lil’ Bow Wow, the rapper released his first album, Beware of Dog, at age 13. He has also appeared in a number of
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The IRS is seeking to return $153 million in undelivered tax refund checks to taxpayers in 2011. A total of 99,123 taxpayers are owed checks, averaging at total of $1547 per check, due to mailing address errors!
If you are one of the taxpayers still waiting to receive your tax relief refund, follow these steps provided by the IRS to get your earned income back where it belongs and how to
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A recent article in Forbes, Officers of Non-profits Face Personal Liabilities for Taxes by Robert Wood made me think about small business, specifically the people behind non-profit organizations (NPO). The well-meaning people who set up NPO’s provide the community at large with charitable programs and services that are usually educational, literary, religious, or scientific in nature. In return, non-profits receive tax-exempt status. By not focusing on putting profits in shareholders
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Karen St. Pierre, of Barrington, R.I., pleaded guilty to one count of willfully filing a false individual tax return.
According to court documents, St. Pierre owned and operated the House of Windsor, a jewelry store in Newport, R.I., which in 2004 generated about $632,522 in gross receipts. On April 15, 2005, St. Pierre filed a false individual income tax return that reported, in part, that the gross receipts generated by the
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With the holidays approaching, it’s a good time to take stock and consider your taxes and financial life — and take time to correct the mistakes.
Thanksgiving just passed, and the holiday season is now upon us.
That means the year is almost over, and with it another tax year.
You’ve been here before, many times actually. We all have. But now is the time — this is the year — to start
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A Brookline, Mass., ophthalmologist was sentenced for his failure to pay hundreds of thousands of dollars in taxes and for obstructing an IRS audit.
Mark S. Hughes, 50, received one year and a day in prison, to be followed by two years of supervised release. He was also ordered to pay a $60,000 fine. Hughes paid the IRS $1.75 million in restitution. He had pleaded guilty to tax evasion and obstruction
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Doris Ruiz, of Minneapolis, Minn., was charged with one count of conspiracy to defraud the U.S. and ten counts of failure to account for and pay over federal employment taxes. The indictment alleges that from 2005 to 2007 Ruiz diverted $152,292.44 in payroll taxes by instructing employees to stop preparing tax return forms.
Ruiz is the owner of Olen Staff Company, a temporary work agency in Minneapolis. If convicted, she faces
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Tawana Powell, 38, of Prattville, Ala., was sentenced to 35 months in prison after pleading guilty to conspiring to file false and fraudulent federal income tax returns charges. From 2005 to 2007, Powell and her co-conspirators filed more 160 returns with the IRS by using stolen identifying information of other individuals. The intended loss to the United States was more than $1.3. Powell was ordered to pay $676,465.49 in restitution
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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.
This month’s Tax Client Of The Month is Mr. George N.
Mr. George N. owed the IRS over $92K in back taxes when he sought help.  After several months of negotiations, we were
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A fundraiser for former Detroit Mayor Kwame Kilpatrick pleaded guilty to two counts of tax evasion.
Emma Bell, 66, of Detroit, worked as a fundraiser for nonprofit entities that included Kilpatrick for Mayor, the Kilpatrick Inaugural Committee and the Kilpatrick Civic Fund. Bell was paid a percentage of the funds she raised for these entities, as determined by Kilpatrick — usually a commission of between 10 percent and 15 percent. According
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John Ivaldi, 59, of Palm Bay, Fla., and formerly of South Windsor, Conn., pleaded guilty to federal charges and was sentenced to three months in prison, to be followed by three months of home confinement and one year of supervised release, for failing to pay more than $123,000 in federal income taxes.
According to court documents and statements made in court, Ivaldi formerly owned and operated two businesses, Clean Fix Company,
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A Tennessee veterinarian faces up to three years in prison and fines up to $250,000 for federal tax charges.
Danny Dwain Moore, 56, of Unicoi, Tenn., pleaded guilty to willfully making a false federal income tax return.
Moore has been a licensed veterinarian in Tennessee since 1980. In the early 2000s, Moore began an online business specializing in the sale of natural holistic veterinary products for horses and pets. The business was
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Comedian and actor Chris Tucker, best known for his starring role with Jackie Chan in the Rush Hour trilogy, owes the IRS $11.5 million in back taxes and penalties.
He’s also behind on payments on his $6 million, 10,000-square-foot waterfront home in Florida. SunTrust has filed for foreclosure on the property.
But the 39-year-old Tucker, ever the funny man, turned his financial misfortune into something of a comedy routine when he appeared
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