Posts Tagged ‘tax fraud’

Tax Help News: Lawyer Faces Prison Time for Failure to Report Income

Thursday, February 25th, 2010

Seems like the economy’s got everyone hanging tight onto their wallets–even high earners like this attorney who now faces three years in prison for deliberate tax evasion.
David Thomas, 55, Killingworth, Conn., pleaded guilty to one count of filing a false tax return. Thomas, an attorney, was retained by the Cedar Island Improvement Association to provide legal assistance. Thomas received $120,977 from the association. However, for the tax years 2004 and
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Tax Help News: 13% of Americans Find Tax Evasion Acceptable as IRS Audits Increase

Tuesday, February 23rd, 2010

The economy is still tough on most taxpayers as the April 15th tax filing deadline approaches. While the IRS is strapping in all they’ve got to collect as much tax revenue as they can, a recent report by CNNMoney.com reveals that some 13% of all Americans find it acceptable to cheat on their taxes in order to save money.
Since the government has been trying to help struggling taxpayers with various
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Investment Fraud Representation Available for Those Duped by Grand Rabbi of Spinka Tax Scheme

Wednesday, February 10th, 2010

You know  you’ve gotten yourself in deep trouble when Wikipedia, the wildly popular online encyclopedia, has an article about you titled “Spinka Financial Controversy“.   What can I say?  Tax evasion and tax fraud, on a small scale or grand scale, is wrong and the IRS will catch you.  For those of you who are victims of fraudulent investment schemes, there is some hope for recovery.  Under the Internal Revenue Code 165 you
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Tax Help News: IRS Enforcement to Get Priority, Big Bucks in 2010

Tuesday, February 2nd, 2010

Congress is sending another $12.2 billion to the IRS this year. Most of the money will be used for enforcement. It’s time to watch out.
The United States Congress is finally putting to use the old cliché: its money where its mouth is.
That is to say, while Congress has always had a loud bark regarding tax cheats, its members haven’t always been eager to spend money on the bite.
That changed in
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Delinquent Tax Filing is Better than Fraudulent Tax Filing - Nebraska Men Face 10 Years for Tax Fraud

Sunday, December 6th, 2009

I would hope that everyone knows that filing a late, or delinquent, tax return is a much better choice than filing a false, fraudulent tax return.  Not everyone may know, however, that it is okay to file a delinquent tax return, no matter how late it is!  Tax Resolution Services, who has prepared well over 25,000 federal and multi-state tax returns for our clients, can help you file your delinquent tax return today!
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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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The IRS Voluntary Disclosure Program is Over for Those Hiding Money Overseas - Reducing IRS Penalties is Still Possible with Help from a Tax Professional

Tuesday, October 27th, 2009

The IRS Voluntary Disclosure Program ended on October 15th.  For U.S. taxpayers who have been hiding money in Zurich, expect indictments and harsh prison sentences from the IRS.

By Michael Rozbruch, Certified Tax Resolution Specialist
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For the more than 4,450 U.S. taxpayers who have bank accounts in Switzerland and haven’t told Uncle Sam, time’s up.
In an unprecedented settlement with the Swiss government and Swiss bank UBS, the Department of Justice and Internal Revenue
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Filing False Federal Tax Returns Gets Miami Woman $100K from IRS and is Not The Recommended Way to Get a Tax Refund from the IRS

Monday, October 12th, 2009

Tax fraud is committed every day.  One criminal act that seems particularly popular, that I’ve blogged about again and again, is filing false federal tax returns.  People do it for various reasons - I suspect that two of the top reasons would be to avoid paying taxes or to get a substantial tax return from the IRS, lining their pockets - and offshore bank accounts - with money.   But what good is money
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Payroll Tax Evasion Lands Florida Couple in Prison Plus Hefty Fine by the IRS

Saturday, September 19th, 2009

Tax evasion is not a good idea.  Whether you are doing it to save yourself some money or doing it so your employees will save money.  Either way avoiding taxes is a bad idea!  As I said on my website, the bottom line is: Past due payroll taxes can cause you to lose your business and your freedom!  A great example of the trouble you can find yourself in with payroll tax evasion follows:
Judith and Norman
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Innocent Taxpayers Could Face IRS Audits as Agency Mines Mortgage Payment Data for Individuals With Unfiled Tax Returns

Tuesday, September 15th, 2009

The IRS is stepping up its creativity by utilizing resources that stem beyond the basic IRS database. Recently, the IRS announced that it plans to expand a program that cross-references between the IRS database and mortgage payment databases to catch any inconsistencies.
The Treasury Inspector General for Tax Administration announced that the IRS will use the mortgage-interest payment databases to inspect and find non-filers as well as people who reported less
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Tax Evasion of $2.1M for Rhode Island Man - Is Wife Eligible for Innocent Spouse Tax Relief?

Monday, September 14th, 2009

Tax evasion is tempting - especially when you are a business owner and the money is flowing in.  Who doesn’t want to live a luxurious lifestyle by evading taxes and pocketing the extra money, like the story below of this man from Rhode Island.  But what about his spouse?  Is she an innocent spouse eligible for tax relief?Â
A Rhode Island man pleaded guilty to tax evasion and bankruptcy fraud after admitting he
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IRS Treats Rabbi’s Tax Refund Scam As Seriously As Tax Evasion

Friday, September 11th, 2009

A Baltimore man was charged in connection with an international tax-fraud conspiracy that sought to obtain more than $35 million in federal and state income tax refunds using the identities of 3,300 federal prisoners.
Ten men, including the leader of the conspiracy, Marvin Berkowitz, 62, of Jerusalem, Israel, were indicted by a federal grand jury in Chicago after Berkowitz and the others were arrested in Israel and other locations throughout the
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Taxpayers: Beware of Identity Theft Scams That Use the IRS Name and Logo

Thursday, August 20th, 2009

As the economy grows gloomier, identity thieves are getting more desperate and creative to trick people into paying up. The latest IRS warning urges  people to be cautious of identity theft scams that involve using the IRS name, logo, and web address to fool people into believing the IRS is contacting them to request personal information.
Protect your finances and personal information from identity thieves by staying alert and cautious around
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IRS Penalties for Fraudulent Tax Returns are Severe for CPAs and Taxpayers Alike

Tuesday, August 11th, 2009

Although there never was a “good” time to cheat on taxes, now is worse than ever for taxpayers and tax preparers to file fraudulent tax returns. With the IRS getting more funding and 800 more agents to collect taxes, taxpayers and CPAs who deliberately report fraudulent information on tax returns will be hit with severe IRS penalties.
If the IRS detects and proves beyond a reasonable doubt that fraudulence was deliberate,
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Could Expert Tax Help Have Boosted this CPA’s Chances of Fighting IRS Tax Evasion Charges?

Friday, August 7th, 2009

If you are being accused of tax evasion by the IRS but you have reasonable cause to fight the charges, you will need to provide concrete evidence to substantiate your claim. With IRS audits on the rise due to stricter enforcement, it will be wise to keep important records that may later help you prove your innocence to the IRS.
Due to a lack of substantial evidence, a highly educated CPA
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