Posts Tagged ‘tax cheats’

After Shutdown, Tax Collections Still Are a Priority

Wednesday, November 6th, 2013

For 16 days, the government shut down effectively halted tax enforcement and collections. Now that the IRS is running at full steam again, should you be concerned?
The government shutdown from October 1 to October 16 closed not only the most critical U.S. government offices; it also furloughed the most essential federal employees. For 16 days, the business of tax collections: analyzing returns, auditing taxpayers, and filing tax liens, effectively
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Tax Defense Partners Weekly Tax News Round Up

Friday, August 9th, 2013

Happy Friday!
The tax relief news that sparked our interest this week was quite varied. The stories ranged from tax delinquent New Yorkers losing their driving privileges to another “Real Housewife” star in trouble with Uncle Sam, to avoiding tax relief scams and schemes to Twitter tax news about IRS agency challenges including struggles with efforts to curb identity theft and tax refund fraud.

New York State-Getting Tough on Tax Cheats
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Businessman Pleads Guilty to Hiding Offshore Accounts

Monday, July 22nd, 2013

In a previous blog post, I noted that since 2009, the IRS has collected $5.5 billion in unpaid taxes and IRS penalties through the amnesty programs it offered. With offshore tax collection a major government focus, it’s hard to imagine anyone attempting to conceal offshore assets. Yet a recent article by Accounting Today titled: “Businessman Pleads Guilty to Not Declaring Israeli Bank Account on Tax Return” reports on a man
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IRS Lists ‘Dirty Dozen’ Tax Scams: Don’t Fall Victim!

Tuesday, April 2nd, 2013

The IRS has released its annual list of the top 12 tax scams. Make sure the tax advice you’re following isn’t on this list.
If it’s too good to be true, it probably is.
That well-worn maxim applies to many things in life.
Including, of course, tax advice.
Someone saying you don’t need to pay taxes? Others claiming they can help you hide money off shore?
It’s all too good to be true.
In fact, some
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Tax Relief Weekly News Round-Up

Friday, January 18th, 2013

Happy Friday! Here are the top tax and tax relief topics reported in this weeks news:

Qualified Tax Resolution Representation
I wrote a post this week highlighting the need for consumers to hire qualified tax representation after reading a Forbes article titled: “Representation before IRS.” I agree with author Stephen J. Dunn assertions that not all tax professionals are qualified to handle tax controversies going before the IRS. Taxpayers needing help
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With Vigilant IRS, Take Care of Your IRS Tax Debt Now

Wednesday, December 19th, 2012

The year is ending, and this is the time for tax cheats and debtors to come clean.
Charlie Sheen spent some time recently with Lindsay Lohan.
The two actors, both controversial and sources of tabloid fodder, were on the set of Scary Movie 5.
According to news reports, Lohan told Sheen about her tax problem. She owes, according to previous reports, as much as a quarter of a million dollars in back taxes
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Tax Relief Weekly News Round-Up

Friday, November 23rd, 2012

Happy Friday! Here are some of the tax relief news headlines we reported on this short holiday week:
IRS Audits-Back Taxes
It appears that comedian and actress Janeane Garofalo never thought she was married believing her 20 year “sham wedding” in Las Vegas to writer and producer Rob Cohen decades ago was not real. However, the IRS may not see it that way. They couple could face an IRS audit and IRS
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Cheating On Your Taxes Risky Business Today

Tuesday, October 2nd, 2012

Taxpayers face the most aggressive IRS in U.S. history, meaning tax cheats could be looking at prison time and substantial penalties.
Many people think they can get away with it.
They think they can hide income and avoid having to pay income taxes.
It’s just a minor cheat, they think.
Or, they say, everybody cheats on their taxes.
That’s probably what someone like Leonid Shifrin thought.
A 42-year-old loan broker from Aurora, Colo., Shifrin underreported three
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Celebrity Tax Troubles Hint at IRS’s Watchful Eye

Wednesday, September 26th, 2012

The IRS has been busting celebrities. But you and your neighbors aren’t safe from the taxman either.
O.J. Simpson will be remembered for many things.
He was a football player.
He was a product spokesman and actor.
He was an accused murderer who was found not guilty in a criminal trial only to be found guilty later in a civil one.
He was an armed robber who went after sports memorabilia.
But there’s one more thing
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Tax Evasion Trial of New Mexico Couple: Guilty Verdict

Monday, September 17th, 2012

Following a five-day trial, a New Mexico couple was found guilty of federal tax evasion charges. Joseph C. Kupfer, 49, and Elizabeth D. Kupfer, 50, failed to report at least $768,333 in taxable income during tax years 2004 through 2006, evading $286,175 in federal taxes.
During the years 2004 through 2006, court evidence showed, Joseph Kupfer received income from his business, Kupfer Consulting, and the Kupfers reported income from Kupfer Consulting
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IRS Crackdown on Offshore Accounts Nets $5 Billion

Thursday, July 5th, 2012

More than 33,000 people reported offshore accounts to the IRS, resulting in revenue of more than $5 billion. But offshore accounts are only the beginning. The IRS is also looking at you.
After the Internal Revenue Service and the U.S. Department of Justice negotiated a settlement with Swiss banking giant UBS to release account information, effectively piercing the once-impenetrable Swiss banking veil, U.S. officials offered a deal to taxpayers hiding money
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To Avoid Tax Issues-Americans Give Up Passports

Monday, May 14th, 2012

There is little doubt that wealthy Americans are under scrutiny for tax collection. Nowhere is this more obvious than for those who have offshore bank accounts. More U.S. citizens living abroad are deciding to renounce their U.S. citizenship instead of facing IRS tax problems concerning new U.S. tax regulations namely the Foreign Account Tax Compliance Act (FATCA) aimed at curbing tax evasion.
The subject of renouncing citizenship made front page headlines
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Senator Rand Paul Challenges U.S. and Swiss Banking Treaty

Monday, April 30th, 2012

In another chapter of the IRS versus the Swiss Banks saga, Republican Senator Rand Paul from Kentucky has recently blocked an amendment to a U.S.-Swiss tax treaty that provides the IRS data on Americans with hidden offshore bank accounts. Paul believes the protocol is too “sweeping” and would threaten taxpayers’ Fourth Amendment rights that guard against unreasonable search and seizure.
Bloomberg’s article Rand Paul Seeks to Block Tax Treaty Change on
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IRS Loses Tax Shelter Case & Billion in Revenue

Thursday, April 26th, 2012

News agencies were abuzz about Wednesday’s Supreme Court decision stating the IRS could not use the extended, six-year statute of limitations to collect unpaid taxes from a business, Home Concrete & Supply, LLC in a tax shelter case. Robert Wood of Forbes in his article HUGE Taxpayer Win: Supreme Court Tells IRS 3 Years to Audit Is PLENTY! believes the historic decision regarding this tax shelter case will have a
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FATCA-No Tax Relief for Americans Living Abroad

Thursday, April 19th, 2012

With Tax Day a recent memory, many Americans still express their frustration with the whole tax process particularly if they find themselves settling tax debt with the IRS.  However, none have been more baffled by the American system of taxation than American citizens who live and work abroad. An International Herald Tribune article by David Jolly entitled Americans, the Tax Man Cometh gives a European glimpse into the plight
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