Posts Tagged ‘hiding assets from IRS’

No Innocent Spouse Tax Relief for Couple Who Face Five Years in Prison for Tax Evasion

Friday, December 4th, 2009

The IRS offers Innnocent Spouse Tax Relief for people who find themselves in tax trouble due to the actions of their spouse or ex-spouse.   The IRS has set Innocent Spouse Guidelines to determine if a spouse will be held jointly responsible for the tax crime.  If you find yourself in an unpleasant tax situation where you believe that you may qualify for the IRS Innocent Spouse Tax Relief, do the following:  review
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Alaska Dentist Tried to Evade $575K in Taxes - Deducted Nearly All Expenses

Sunday, May 24th, 2009

Glenn E. Lockwood, 61, of Kenai, Alaska, was sentenced to five years in prison for his conviction on four counts of tax evasion. In addition to prison, Lockwood was ordered to pay a $10,000 criminal fine and an additional $42,000 for the costs of prosecution.Â
According to court records, Lockwood was a practicing dentist who owned the Kenai Dental Clinic and attempted to evade more than $575,000 in federal income taxes
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