Archive for the ‘IRS Times and Inquirer’ Category

Offer in Compromise Saves Tax Client Over $89,000

Sunday, November 20th, 2011

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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Reduce Tax Debt with the IRS Offer In Compromise Program

Wednesday, November 16th, 2011

Question: I’ve read that you can greatly reduce your tax debt by signing up for an Offer in Compromise? What is that, and how can I sign up?

Answer: Great questions. In fact, those are the types of questions I’ve seen change the lives of tax clients.
I know that sounds ridiculous. But it’s true.
Here’s why: For taxpayers in substantial debt to the IRS, an Offer in Compromise can eliminate that
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Tax Evasion by Detroit Political Fundraiser Who Pled Guilty

Monday, November 14th, 2011

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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Prison for Tax Evasion by Florida Man

Sunday, November 13th, 2011

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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Veterinarian Pleads Guilty to Tax Evasion

Thursday, November 10th, 2011

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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Celebrity Tax Evasion: Comedian Chris Tucker Owes IRS $11.5 Million

Tuesday, November 8th, 2011

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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IRS Offer in Compromise Program Saves Tax Client Over $70,000

Sunday, October 30th, 2011

Every month at Tax Resolution Services we choose a very special Tax Client Of The Month.  It’s our way of acknowledging good friends and saying “thanks” to those who supports our business with referrals, word of mouth and repeat business.
This month’s Tax Client Of The Month is Mr. Thomas H.
Mr. Thomas H. owed the IRS over $70K in back taxes when he sought our help.  After several months of negotiations,
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Tax Evasion Guilty Plea by Lawyer, Admits Hiding $1.5 Million

Saturday, October 29th, 2011

A Maryland attorney pleaded guilty to tax evasion and structuring financial transaction to avoid reporting $1.5 million.
Stanley Needleman, 68, of Pikesville, Md., is a criminal defense attorney, practicing law for more than 30 years in state and federal court. Clients made payments mostly in cash, which was kept in a large bank envelope. At the end of each business day, Needleman took the bank envelope with the day’s receipts home
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Failure to Pay Employment Taxes by South Carolina Company Owner

Friday, October 28th, 2011

The owner of a South Carolina construction company did not pay employment taxes.
Francisco De Leon Campa, 43, of Bluffton, S.C., pleaded guilty to one count of willfully failing to truthfully account for and pay over withholding taxes for the second quarter of 2007.
According to court records, Campa was the sole shareholder and registered agent of Francisco Campa General Carpentry. Campa had a duty to collect and pay to the IRS
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Businessman Filed False Corporate Tax Return, Faces Prison Time

Wednesday, October 26th, 2011

John Joseph Bridge of Minnesota pleaded guilty to one count of filing a false return for his business, Fineline Lakeshore Inc. He admitted that he filed a false 2008 corporate tax return, specifically understating the amount of Fineline’s gross revenue by approximately $89,000. Bridge was one of three partners at Fineline and responsible for preparing the corporate tax return. He faces up to three years in prison.

Tax Cheater Warning: Odds Are Against You

Monday, October 24th, 2011

Between piercing the Swiss banking veil and deploying an algorithm to identify possible tax cheats, it’s never been a worse idea to be cheating on your taxes.
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$2.2 billion.
That’s how much the Internal Revenue Service has collected from people who participated in a 2009 program that offered amnesty to those who came forward and disclosed money held in foreign banks.
“This dollar figure will grow in the months ahead,” IRS Commissioner Doug
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Paying Off Tax Debt: There Are Options Available

Thursday, October 20th, 2011

Question: I’m really behind on my taxes, and now I’m getting letters from the IRS. I’m having trouble sleeping. I don’t know how I can pay this tax debt. I also have a mortgage and my daughter starts college next year. How can you help?

Answer: I know that feeling. I know what you’re thinking and why you’re worried. The reason for that is because I’ve had so many clients
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Deliberate Tax Evasion by Defense Attorney

Tuesday, October 18th, 2011

A New Jersey criminal defense attorney who has not filed a personal income tax return since 2000 admitted to committing tax crimes in connection with income he received from his law practice.
Francis Cutruzzula, 48, of River Vale, N.J., pleaded guilty to two counts of tax evasion and one count of failure to file a tax return.
A 1988 graduate of Seton Hall Law School, Cutruzzula was admitted to practice law in
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Failure to Pay Employee Tax Withholdings by Pastor

Sunday, October 16th, 2011

A Shaker Heights, Ohio, pastor was charged with six counts of willful failure to collect and pay taxes.
A criminal information alleges that Charles J. Matthews, 58, failed to pay at least $90,676 in income and FICA taxes that were withheld from employees at Cleveland’s Mount Sinai Baptist Church and Ministries from October 2005 to January 2007.
Matthews was the senior pastor at Mt. Sinai and oversaw financial affairs of the church.
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Filing False Tax Returns Lands Woman 33 Years in Prison

Friday, October 14th, 2011

A Flint, Mich., woman was sentenced to 33 month in prison for preparing and filing false income tax returns.
Following a five-day trial, Chandra Hicks was convicted of 37 counts of preparing and filing false tax returns. According to evidence presented at trial, Hicks operated a tax preparation service called Unlimited Prosperity Tax Service in Flint, Mich., from 2005 through 2009.
During that time period Hicks prepared 37 false tax returns by
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