I’ve blogged many times about people who fail to file taxes, for whatever reason.  They may be knowingly evading taxes or they may be too scared to file taxes because they are afraid that they won’t be able to pay whatever they owe the IRS.  Did you know that you can file a tax return, even when it is grossly late?  Better to file a delinquent tax return, than be convicted of failing to file taxes like this gentleman below. 

The owner of a Barnegat, N.J., construction company pleaded guilty to a charge of tax evasion for failing to report income of approximately $242,764.

At his plea hearing, Daniel Carlo, 45, stated that he owns and operates a construction company under the name of “Cartar” from his residence in Barnegat. Carlo admitted that in April 2006, he prepared, signed and filed with the IRS a 2005 individual tax return which stated that his taxable income for calendar year 2005 was $0.

Carlo admitted that he failed to report taxable income of about $242,764, upon which an additional tax of approximately $78,792 was due to the IRS.

Carlo also admitted that in an effort to hide a substantial part of the unreported income, he deposited client receipts into bank accounts in the name of his wife and daughter. He faces up to five years in prison and a fine of up to $250,000.

If you have a tax return that you have not filed, it’s not too late!  Tax Resolution Services can help you with late tax filing and delinquent tax returns - we offer a free tax consultation to help you find tax relief!  Call our team of tax attorneys and IRS specialists today: 1-866-IRS-PROBLEMS or 1-866-477-7762.

More Tax Help, IRS News and Tax Relief Tips:

1. Failure to File Tax Return Plus Impeding IRS Equals Tax Evasion and Prison Time
2. Furniture Retailer Guilty of Tax Evasion and What to Do if You are in an IRS Audit
3. Energy Drink CEO Faces Prison for Tax Evasion
4. Arizona Businessman Gets 12 Months for Failure to File Income Taxes
5. IRS Will Stop at Nothing for U.S. Names of Swiss Bank Account Holders Who May be Guilty of Tax Evasion

Tags: delinquent tax return, failure to file taxes, filing late tax returns, irs problems, IRS specialist, late tax return, tax attorney, tax cheat, tax delinquents, tax evasion, tax help, tax relief, tax resolution

This entry was posted on Thursday, September 17th, 2009 at 8:01 pm and is filed under IRS Tax Cases, IRS Times and Inquirer, Unfiled Returns - Delinquent Tax Returns. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.