Posts Tagged ‘tax evasion’

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?
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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 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 Refund Fraud by Florida Man Caught at Traffic Stop

Tuesday, September 10th, 2013

A Florida man was sentenced to five years and one month in federal prison for committing stolen identity refund fraud.
James Earl Smiley, 41, of Tampa, Florida, pleaded guilty to one count of theft of government property and one count of aggravated identity theft.
He also agreed to forfeit $98,719.65, which represented the proceeds of his refund fraud offense.
According to court records, in October 2012, the Tampa Police Department stopped Smiley, who
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IRS is Going After Your Friends and Neighbors Too

Thursday, September 5th, 2013

It’s not just celebrities, industry titans and scam artists who are going to prison on tax charges. It’s everyday people — your friends and neighbors, and maybe you too.
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When most people think of tax cases that send defendants to prison or result in large fines, they think of the big cases — the celebrities convicted of tax evasion charges for not paying their bills to Uncle Sam.
Actors Nicolas Cage and Wesley
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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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Cayman Island Tax Haven No Longer Secret Due to FATCA

Wednesday, August 28th, 2013

First it was banks, now it is the offshore tax havens like the Cayman Islands who will no longer secretly shelter the assets of wealthy Americans. A Tax Connections article titled: “Caymans Makes it Tougher for Wealthy to Hide Money!” states that the Cayman Islands, a major financial center and home to operations for dozens of banks, funds and wealth-management entities, has made an agreement with the U.S. that it
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Tax Evasion and Bank Fraud Charged to Colorado Contractor

Wednesday, August 28th, 2013

A Colorado contractor was arrested on charges of tax evasion, structuring, bank fraud and interfering with IRS laws.
Michael Destry Williams, 49, of Pueblo, Colorado, was a self-employed general contractor who fixed up and resold real estate in the Pueblo, Colorado, area.
From April 2005 through January 2008, according to the indictment, Williams willfully attempted to evade a substantial amount of income tax and self-employment tax due for calendar years 2005, 2006
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Tax Evasion by Ohio Land Developer

Monday, August 26th, 2013

An Ohio man was convicted at trial of filing false federal income tax returns with the Internal Revenue Service.
Evidence showed that William David Taylor Sr., 50, of Canal Winchester, Ohio, filed false federal income tax returns with the IRS for 2006 and 2007.
The 2006 income tax return showed total income in the amount of $51,967, and the 2007 income tax return showed total income in the amount of $33,272.  Evidence
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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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False Tax Returns Filed by Kansas Man

Thursday, August 15th, 2013

A Kansas man has pleaded guilty to using stolen identities to file false tax returns. In his plea, Anthony Hopkins, 40, of Wichita, Kansas, admitted to collecting income tax refunds based on false tax returns. Using stolen identities, Hopkins prepared and filed tax returns knowing the claims were false and that he had no authority to file the returns or to collect the refunds. He faces up to 10 years
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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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Americans Living Abroad Renouncing US Citizenship

Tuesday, August 13th, 2013

A Wall Street Journal article titled: “U.S. Expats Balk at Tax Law” reports that the government’s quest to find tax evaders is prompting some Americans living in Asia and around the world to rethink their citizenship. Their biggest complaint: the increasing burden of paperwork required by Foreign Account Tax Compliance Act, or FATCA.
As per FATCA regulations foreign institutions are required to disclose the overseas assets of U.S. citizens and green-card
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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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