Archive for the ‘Tax Problem FAQs’ Category

False Tax Returns Filed by Kansas Man

Thursday, August 15th, 2013

A Kansas man has pleaded guilty to using stolen identities to file false tax returns. In his plea, Anthony Hopkins, 40, of Wichita, Kansas, admitted to collecting income tax refunds based on false tax returns. Using stolen identities, Hopkins prepared and filed tax returns knowing the claims were false and that he had no authority to file the returns or to collect the refunds. He faces up to 10 years
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IRS Tax Case: Precious Metals Trader Pleads Guilty

Friday, August 9th, 2013

A precicious metals trader in Texas pleaded guilty to a charge of willfully making and subscribing to a false income tax return.
According to court records, Joel Anderson, of Dallas, owned Richardson Gold & Silver Exchange and Frisco Gold & Silver Exchange.
He under reported his income from his precious metals business for the years 2008 through 2010, according to court records. During those tax years, Anderson deposited checks into his personal
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Nevada Man Files False Tax Returns, Receives Prison Sentence

Tuesday, July 30th, 2013

A North Las Vegas man was sentenced to four years in prison, three years of supervised release, and ordered to pay restitution of $64,921 to the IRS for filing multiple false tax returns in the names of others.
Joseph Glendon Austin, 35, pleaded guilty to one count of presenting a false claim and one count of aggravated identity theft.
According to court records, Austin obtained access to the personal information of clients
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Top Five Tax Audit Triggers Infographic

Monday, July 1st, 2013

Tax audits can’t always be prevented – sometimes they are part of a random selection.
However, with the IRS and state taxing authorities relying more heavily on computer technology than ever, some returns “trigger” an audit because the income, expenses and credits reported just don’t “add up.” The infographic (from Tax Audit Defense) highlights the top five IRS audit triggers that taxpayers need to be aware of and avoid at all
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Tax Resolution Services Co. – Weekly News Round Up

Friday, June 28th, 2013

This week was a busy one in tax related news. The stories ranged from celebrity tax woes, collection of billions in tax debt, tax fraud and a new IRS report that outlines improvements to the entire tax-exempt process. Here is a recap of those stories:
Fashion Moguls Dolce & Gabbana Convicted of Tax Evasion – According to a Reuters article, both Domenico Dolce and Stefano Gabbana were given a 20-month suspended
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Filing False Tax Return Gets Iowa Woman Prison Sentence

Monday, June 17th, 2013

An Iowa woman was sentenced to 21 months in prison for two counts of filing false tax returns.
Regina Jimenez, 60, of Clinton, Iowa, operated AA Accounting & Tax Services Inc. in Clinton, Iowa, from approximately 2007 through 2011. Jimenez used the business to facilitate the theft of over $300,000 from a client who believed that Jimenez would use the money to pay the client’s taxes.
Jimenez instead used the money for
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IRS Tax Tips for Small Business Recordkeeping

Monday, June 10th, 2013

As a business owner, you are responsible for everything including recordkeeping – a task that small businesses sometimes don’t do very well. The IRS has released a very helpful recordkeeping FAQ webpage for small business and the self-employees that emphasizes the benefits of and reasons for good recordkeeping. Here are six practical FAQ’s the webpage highlights:
· Why should I keep records?
· What type of records should I keep?
· How long
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Beware of Recent IRS Email Scams

Tuesday, June 4th, 2013

Tax scam emails that appear to be from the IRS run the gamut from almost believable to incredibly bad. Thanks to a Forbes article by Tax Girl Kelly Phillips Erb titled: “Phony Emails Purporting To Be From IRS Popping Up Again,” we have two fine examples of email scams that run the good and bad spectrum.
Email scam example #1 – really bad.

A few points mentioned in the article demonstrate how
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Avoid IRS Tax Problems-Think Like a Tax Lawyer

Wednesday, May 22nd, 2013

Tax evasion is not just a problem for the wealthy. It’s a widespread issue that costs the government and honest Americans much needed revenues. Small businesses and sole proprietors are the largest contributors to the $450 billion tax gap (the difference between taxes reported and taxes paid) by skimming and under reporting their taxes. For their efforts, tax cheats are the focus of IRS scrutiny.
With IRS audits and aggressive IRS
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Tax Relief Weekly News Round Up: Top Tax Stories

Friday, May 17th, 2013

The stories that caught our attention this week ranged from tax evasion and fraud, to how the Offer in Compromise Program can help consumers, erasing tax debt in bankruptcy to the increase in IRS criminal investigations to the IRS under intense scrutiny.

The IRS Gets Scrutinized – By far the biggest IRS story this week revolved around the IRS itself! The agency is being closely examined for unfairly targeting conservative
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Tax Resolution Services Weekly News Round Up

Friday, May 3rd, 2013

Happy Friday!  Here are some of the tax stories we covered from this week’s news. The topics include: Government Accountability Report showing IRS budget cuts effecting offshore tax collection and tax audit rates, offshore amnesty program success, new Tax Resolution Services commercial and tax evasion by New Jersey meat distributor.

The Government Accountability Office (GAO) Report Shows Big IRS Budget Cuts – The post titled: IRS Budget Cuts Hurt Tax
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Offshore Amnesty Programs Yield $5.5 Billion

Tuesday, April 30th, 2013

Government investigators reported that the Internal Revenue Service has recouped more than $5.5 billion for the voluntary disclosure programs. NPR sites an Associated Press article titled: Tax Cheats Pony Up $5.5 Billion in Amnesty Program highlights a Government Accountability Office (GAO) report that shows how through these programs the IRS was able to get people to come forward to report their offshore bank accounts and assets in exchange for reduced
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Online Sales Tax Issues May Become a Reality

Tuesday, April 23rd, 2013

Last year I wrote an article titled, “The E-Commerce Conundrum: Taxing Virtual Businesses and Their Investors and the Law”, to point out potential IRS tax problems facing e-commerce businesses. I did this because state lawmakers were introducing legislation that forced them to collect and pay state taxes. Fast-forward to today and it looks like online businesses may in fact be mandated to do just that.
A Web Pro News article titled,
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False Tax Return Filed by Guilty Used Car Dealers

Tuesday, April 23rd, 2013

A Louisiana couple who ran a used car lot pleaded guilty to filing a false tax return.
Norman Ducre, 41, and Jami Ducre, 44, of Slidell, Louisiana, owned and operated J & J Auto Brokers. Norman Ducre was responsible for sales and inventory acquisition and management, while Jami Ducre was responsible for the bookkeeping of the business.
In her plea, Ducre admitted to providing false and fraudulent monthly income and expense statements
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Tax Tips for Taxpayers Who Missed the April 15 Deadline

Tuesday, April 16th, 2013

It’s the day after tax day and for those taxpayers who don’t intend on filing a tax return, you may want to reconsider. Not filing means you will be facing significant IRS tax issues. Failure to file is considered a misdemeanor that can be punishable up to $10,000 per year and one year in jail. In fact, IRS penalties are more severe for non-filing than for non-payment. If it sounds
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