Businessman Filed False Corporate Tax Return, Faces Prison Time

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.

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Avoid Getting Ripped Off When Hiring a Tax Professional on The Big Biz Show Blog

October 26th, 2011

Last week, I shared a checklist questions to ask that will help you avoid getting ripped off by a tax relief “professional” or firm on “The Big Biz Show” Blog.  You can visit the site and read the complete post here:
Tips from The Taxman: Ask the Right Questions to Avoid Getting Ripped Off When Hiring a Tax Professional
“The Big Biz Show” is hosted by Sully & Russ ‘T’ Nailz, two
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Tax Tip: Look for a Certified Tax Resolution Specialist to Resolve IRS Problems

October 25th, 2011

Want to know the difference between a tax specialist and a Certified Tax Resolution Specialist (CTRS)?   Tax specialist has no meaning. Certified Tax Resolution Specialists are certified by the American Society of Tax Problem Solvers (ASTPS), a national, not-for-profit organization of professionals who specialize in representing taxpayers before the IRS.
Becoming a Certified Tax Resolution Specialist is not easy, In order to obtain this certification, licensed professionals (tax attorneys, CPAs
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Tax Cheater Warning: Odds Are Against You

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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More Americans Need Tax Relief from the IRS

October 24th, 2011

More people owe IRS back taxes today than ever before due to the economic conditions facing the country.  This long extended recession has resulted in millions losing their jobs and being unable to find suitable employment to generate a paycheck. To make up for this, many families are using their savings and 401k accounts to live on and incurring penalties as a result.
With poor economic conditions persisting for so long
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Budget Cuts to Slow Down IRS

October 22nd, 2011

Budget cuts are a common topic these days regarding anything surrounding the United States government, so it goes as no surprise to hear that the IRS is next on the list of drastic budget reductions. On the Wall Street Journal’s blog The Tax Blog, Jonnelle Marte keeps us informed on the latest news in her post IRS Cuts: Good News for Deadbeats?
According to the article, Congress plans to reduce the
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Tax Relief Tips for Job Seekers

October 21st, 2011

Tax relief can come in many forms for taxpayers and deductions are a great way to take some tax burden off of your shoulders. But what about those of us who are on the job hunt? What are the rules surrounding deductions while looking for work? Laura Saunders of the Wall Street Journal explores the best ways to get some tax relief while on the job search in her article
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Paying Off Tax Debt: There Are Options Available

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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Do You Qualify for Temporarily Uncollectible Status with the IRS?

October 19th, 2011

U.S. taxpayers are facing significant challenges in this miserable economy. According to the Bureau of Labor Statistics, National Unemployment Rate currently stands at 9.1% and over 46 million citizens have now fallen below the official poverty line.
So what are taxpayers living below the poverty line who currently owe back or current taxes supposed to do? Do they owe taxes for the current year? Do they still owe
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Owe State Back Taxes? Your Driving Privileges May Be in Jeopardy

October 19th, 2011

With states scrambling to generate more revenue to balance their budgets, California Governor Jerry Brown upped the ante by signing a bill on October 4th, 2011 that aggressively goes after the state’s top tax delinquent citizens by denying their driver’s license and publishing their names for public view.
Celebrities are not above the Hall of Shame —the state’s list of top tax debtors include  Halsey Minor, one of the founders
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Offer in Compromise-Know What it Means

October 18th, 2011

I wrote an article called How to Get Tax Relief through the IRS Offer in Compromise Program. The topics covered in the article covered the most frequently asked questions I often get in my practice:
-Who can file an Offer In Compromise?
-What are the requirements for an Offer in Compromise?
-Can penalties and interest be compromised under an Offer in Compromise?
-How likely is it that the IRS will accept an Offer in
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Deliberate Tax Evasion by Defense Attorney

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

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

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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Tax Humor from Tax Resolution Services

October 12th, 2011

We take tax problems seriously, but sometimes a little comic relief is appropriate. We hope you enjoy this tax cartoon as much as we did!

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