Posts Tagged ‘tax evaders’

IRS Whistleblowers Program: If You Owe Back Taxes, Beware of Friends, Relatives and Employees Waiting to Receive Millions of Dollars to Turn You In!

Thursday, December 3rd, 2009

It may resemble a chapter out of 1984 but the recent surge of whistle blowers to the IRS about tax cheats comes as no surprise since these whistleblowers are getting paid enormous sums of money for “telling on their neighbors” for owing back taxes.
A recent Forbes article revealed that a new federal rewards program dishes out cash to people who turn in friends, relatives and employers for fudging their
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Tags: Back Taxes, Forbes article whistleblower, IRS debt, IRS whistleblower reward, tax attorney, tax cheats, tax evaders, tax evasion, tax fraud, tax help, tax relief, tax resolution, UBS AG, whistleblower money
Posted in Back Taxes, Offshore Tax Settlements, tax help | No Comments »

Obama Administration Goes After Tax Cheats

Sunday, June 28th, 2009

The president outlines a plan to work with overseas banks and target tax cheats. He also wants to hire 800 new IRS agents to hunt down those not complying.
By Michael Rozbruch
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Just months into office, President Barack Obama has publicly announced the targets of his administrations.
Worldwide terrorist networks?
Check.
Guantanamo Bay?
Check.
Carbon emissions?
Check.
Tax cheats?
Che— Say what?!
That’s right. Among President Obama’s high-value targets are tax cheats who hide money in overseas bank accounts. On May
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Tags: aggressive tax compliance, international tax shelter, IRS problem solver, Michael Rozbruch, obama and tax, obama and tax cheat, offshore accounts, Overseas Banking, overseas banks to provide 1099s, swiss bank UBS, tax cheats, tax compliance, tax evaders, tax evasion, tax resolution, tax resolution services, tax shelters, tax shelters overseas, tax specialist, UBS
Posted in IRS Tax Cases, IRS Times and Inquirer | 2 Comments »

Lawmakers Want IRS to Suspend Excessive Tax Shelter Penalty Imposed on Small Businesses

Tuesday, June 16th, 2009

Some lawmakers have asked the IRS to stop imposing what they say are excessive penalties on small businesses that use questionable tax shelters.
These businesses are being hit with big fines – an unintended consequence of a law aimed at corporations that use the shelters to avoid taxes. The IRS penalties, which can reach $300,000 a year, are automatic under the law.
The 2004 law setting up the automatic penalties was designed
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Tags: IRS penalties, irs problems, max baucus, Michael Rozbruch, michelle eldridge, nina olsen, small business taxes, tax cheats, tax evaders, tax evasion, tax expert, tax penalties, tax shelter penalty
Posted in Tax news and tips | No Comments »