Posts Tagged ‘offshore accounts’

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.�
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
[Read More]

Tags: Free Tax Consultation, hiding assets from IRS, offshore accounts, tax attorney, tax cheat, tax deductions, tax evasion, tax relief, tax resolution
Posted in IRS Tax Cases, IRS Times and Inquirer | No Comments »

Tax Evaders and Tax Cheats Beware! IRS Finally Pierces the Swiss Banking Veil

Monday, March 30th, 2009

In a blow to tax cheats, Switzerland’s largest bank agrees to divulge the names of those suspect of using offshore accounts to evade U.S. taxes
By Michael Rozbruch
———————————-
In the world of tax cheats, the news doesn’t get much bigger.
UBS, the largest bank in Switzerland, agreed to provide to the U.S. government with the names of those it suspects of using its accounts to evade paying taxes in the United States. The
[Read More]

Tags: doug shulman, Free Tax Consultation, John DiCicco, offshore accounts, offshore tax evasion, Swiss bank accounts, Swiss banking, tax cheats, tax evasion, tax problems, UBS
Posted in IRS Tax Cases, IRS Times and Inquirer | 1 Comment »

IRS Announces Revised Voluntary Disclosure Terms for Taxpayers with Offshore Accounts

Friday, March 27th, 2009

The IRS announced new voluntary disclosure practices for offshore account holders. Voluntary disclosure can help taxpayers avoid prosecution for possible tax evasion and reduce taxes, penalties, and interest owed. The IRS offers leniency for voluntary disclosure and Americans with IRS tax problems should take advantage of this policy to mitigate legal problems later.
While taxpayers can participate in the voluntary disclosure program before the IRS has initiated a civil or criminal
[Read More]

Tags: avoid IRS penalties, Douglas Shulman, Michael Rozbruch, offshore accounts, offshore tax evasion, reduce IRS penalties, tax evasion, tax expert, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, tax settlement, tax shelter, Voluntary Disclosure
Posted in Tax news and tips, Voluntary Disclosure | 2 Comments »

FY2008 IRS Tax Enforcement Numbers Show Vigilance

Monday, February 23rd, 2009

Though slightly down from 2007, tax enforcement number in 2008 were among the highest in a decade.
By Michael Rozbruch
———————————-
The large number of tax evasion and audit cases you’re hearing about today isn’t a symptom of yellow journalism.
In fact, the fiscal-year 2008 tax enforcement numbers released by the Internal Revenue Service are among the highest in a decade.
In fiscal-year 2008, the IRS collected $56.4 billion through collection, examination and document-matching efforts.
[Read More]

Tags: Douglas Shulman, IRS audits, offshore accounts, tax audits, tax enforcement, tax evasion, tax noncompliance, tax shelters, Whistleblower Office
Posted in IRS Times and Inquirer | No Comments »