Tax Professionals Can Help Settle IRS Back Taxes, A Better Choice Than Tax Evasion
Don’t act completely surprised when the IRS files a tax lien against you or your business! If you’ve been evading taxes or hiding income, the IRS will seek you out eventually.  Avoiding taxes only leads to hefty fines and prison time. Settling back taxes is not as daunting as it seems as long as you have a tax professional service in your corner. Tax Resolution Services can help you settle back taxes without handing over your house or business to the IRS. Believe it or not, the IRS will work with you, especially if you have a qualified tax professional that knows how to work with the IRS. Don’t end up in the news for tax evasion! It’s not the 15 minutes of fame you want.
The former general manager and president of a Cleveland indoor soccer team has been charged with filing false personal income tax returns for the years 2003 to 2005.
From approximately 1999 to May 2005, Paul D. Garofolo, 51, formerly of University Heights, Ohio, and now of South Russell, Ohio, was employed by North Coast Professional Sports as general manager and president of a professional indoor soccer team owned by North Coast, initially known as the Cleveland Crunch and then renamed the Cleveland Force.
In addition, Garofolo was a 50-percent owner of Signature Sports & Marketing, which was dormant during his North Coast employment. Because Signature Sports was an S Corporation for tax purposes, 50 percent of its income or losses were reportable as distributive (flow-through) income or losses on Garofolo’s personal income tax returns.
The information alleges that Garofolo falsified his 2003 through 2005 personal income returns by understating his adjusted gross income by a combined total of approximately $216,827. The information identifies a number of items of unreported income or overstated deductions, including use of Signature Sports for claimed expenses.
Contact Tax Resolution Services for a free tax relief consultation at (888) 699-7630. We have been resolving tax problems and settling back taxes for more than a decade.
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