Tax Help News: Lawyer Faces Prison Time for Failure to Report Income
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 2005, he failed to report the $120,977 he received. Thomas faces up to three years in prison and a fine of up to $100,000.
While many of you are gearing up to pay your taxes this year, remember that no amount of money “saved” is worth the IRS penalties if it’s not legitimate.
If you are in IRS trouble and aren’t sure how to resolve your back taxes and penalties, contact a tax attorney, CPA, or Certified Tax Resolution Specialist for tax help. Many times, the expertise of these tax professionals can drastically increase your chances of winning a tax settlement.
Tax Resolution Services is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you with your IRS tax problems. Call our office today at 1-866-IRS-PROBLEMS for a free tax resolution consultation or visit www.taxresolution.com.
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