Posts Tagged ‘tax cheat’

Tax Evasion by Man Who Won Cash Reward from Employer

Thursday, September 26th, 2013

After winning a monetary award from his former employer, Jimmie Duane Ross of Lehi, Utah, and formerly of Sevierville, Tennessee, never paid taxes on the money.
Now he’s going to pay handsomely.
Ross was convicted of five counts of tax evasion following a jury trial.
According to court records, Ross won a monetary award of approximately $840,000 in 1999 after arbitration of an employment dispute with a former employer.
Ross failed to pay the
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U.S. Investigates Swiss Bank Rahn Bodner for Secret Accounts

Tuesday, September 17th, 2013

Another Swiss bank is experiencing the wrath of the U.S. Government’s focus on offshore tax cheats and revenue collection. A Reuters article titled: Another historic Swiss bank under U.S. tax spotlight reports that Swiss private bank Rahn & Bodmer is under investigation by U.S. authorities as part of a lengthy U.S. Swiss dispute over tax evasion.
The article provides a brief history of Rahn & Bodmer:

It is an old line Swiss
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False Tax Returns Filed by Guilty Las Vegas Mechanic

Monday, September 16th, 2013

A Las Vegas man faces up to three years in prison after pleading guilty to filing a false personal tax return for 2008.
According to court records, Arthur Risser Jr. earned more than $100,000 each year from 2006 through 2008 while employed as a large-engine mechanic.
Risser intentionally understated his wages and listed inflated amounts for withheld taxes to increase his refund on his individual income tax returns for 2006, 2007 and
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Tax Policy Study Shows More Americans Paying Taxes

Monday, September 9th, 2013

About this time last year one of the biggest tax news stories centered around a 2009 Tax Policy Center (TPC) report that showed 47 percent of citizens were not paying taxes. According to a Don’t Mess with Taxes, Kay Bell in an article titled: “More Americans are paying federal income,” recent analysis by TPC (a joint venture of the Urban Institute and Brookings Institution), and shows that the 47% group
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Offshore Tax Evasion-US and Swiss Make A Deal

Friday, August 30th, 2013

After just reporting two days ago about the Cayman Islands reaching an agreement with U.S. taxing authorities, the U.S. and Swiss have finally reached a compromise deal for how Swiss banks will report account data on their American clients to the IRS. An ABC News article titled “US, Swiss Reach Deal on American Tax Evaders” reported that this agreement between the two countries will no doubt expose those American taxpayers
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Trustee Faces Five Years for Tax Evasion

Thursday, August 22nd, 2013

The administrator of a Texas trust that owned valuable mineral deposits pleaded guilty to tax evasion.
According to court records, Randy Lynn White, of Lubbock, Texas, was the sole trustee of the Frank F. McMordie Jr. Family Trust, whose assets consisted primarily of a large ranch in the Texas Panhandle that produced mineral interests.
White received substantial benefits and income from the trust — a combination of fees paid to him for
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Tax Evasion by Kentucky Doctor Gets Him 18 Months in Prison

Wednesday, August 14th, 2013

A Kentucky physician was sentenced to 18 months in prison to be followed by six months of home incarceration for evading federal income taxes.
Werner Grentz, 64, of London, Kentucky, was also ordered to pay the IRS approximately $900,000 for taxes he owes for the years 1999 to 2010. According to the plea agreement, in 2009, Grentz made $356,073 in taxable income while working as an independent physician contractor for a
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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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Tax Problems-What to Do if You Inherit Them

Monday, July 22nd, 2013

After recently writing a post about the estate of James Gandolfini, I ran across a follow-up article for Reuters by Amy Feldman titled: “What to Do When You Inherit a Tax Mess.” This article focuses on the types of tax mistakes people make when planning their estate that can inadvertently cause future tax chaos for beneficiaries.
Here are some key points about estate tax issues the article highlights:

Every one in 10
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False Tax Claim Gets Man 4 Years in Prison

Thursday, July 11th, 2013

A Georgia man received four years in prison after being found guilty at trial of interfering with the administration of the revenue laws and of making a false claim for a $1.7 million tax refund.
According to court records, Donus R. Sroufe filed a tax return for 2008 that claimed a refund of $1.7 million. On the tax return, Sroufe falsely claimed to have received $2.5 million from a U.S. Treasury
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Colorado Man Guilty of Income Tax Charges

Friday, June 28th, 2013

A Denver man pleaded guilty to filing a false tax return as part of an illegal sports betting business.
Daniel Dinner, 61, pleaded guilty to one count of filing a false income tax return.
According to court records, from 2005 through 2009, Dinner ran an illegal sports betting business.
In March 2011, IRS agents recovered approximately $1.2 million in cash from Dinner’s properties and safe deposit boxes. The money came from both legitimate
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Tax-Related Offenses Charged to NonProfit Director in Ohio

Wednesday, June 26th, 2013

The director of a Cleveland nonprofit organization withheld taxes from employees but did not pay the money to the government, according to federal charges.
Edward G. Kramer, 62, also allegedly falsified his income tax returns for two years and did not file a file return in two other years.
Kramer was director and chief counsel of Housing Advocates Inc., a nonprofit organization in Cleveland that received federal funding from the U.S. Department
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Tax Fraud by Florida Woman Earns Prison Sentence

Monday, June 24th, 2013

After pleading guilty to tax fraud and aggravated identity theft charges, Rhonda Yvette Brooks, of Plant City, Florida, was sentenced to three years and six months in federal prison. She was also ordered to forfeit $23,096. According to court documents, Brooks submitted fraudulent tax returns through Turbo Tax totaling more than $70,000 in bogus tax refunds.

Tax Fraud Charges for Georgia State Representative

Thursday, June 20th, 2013

A Georgia state representative was charged in federal court with fraud and tax charges.
Tyrone Brooks Sr., 67, of Atlanta, was indicted on charges that he misappropriated almost $1 million in charitable funds from Universal Humanities, a charity he founded in 1990, and the Georgia Association of Black Elected Officials.
Brooks’ indictment charges that, from the mid-1990s through 2012, Brooks solicited contributions from individuals and corporate donors to combat illiteracy and fund
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