Posts Tagged ‘under reporting taxes’

Misinformation on Income Tax Gets Connecticut Man Probation

Monday, January 30th, 2012

A businessman in Naugatuck, Conn., was sentenced to two years of probation for underpaying his federal income taxes.
According to court records, Augustine C. Ofili, 54, was the owner of Augustine Insurance Agency in Bridgeport.  From 2004 to 2007, Ofili underreported on his federal income tax returns the insurance commission income he received from his insurance business.  Ofili also failed to report capital gains from the sale of real estate in
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Catholic Priest Discovers That Tax Evasion is Not Just Between Him and God

Tuesday, August 17th, 2010

In the featured article below, a priest learns that God wasn’t the only one watching him cheat on his taxes – the IRS was too!  Tax evasion, under reporting income, or hiding income is all the same.  It is a federal offense and is usually punishable by a hefty fine and prison time.  I have said it on this tax blog time and again – if you are cheating on
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