This was a short, yet busy week for tax relief news. Stories ranged from celebrity tax woes and prison sentences for tax evaders to tax tips and benefits for military personnel.
Actor Chris Tucker Pays Nearly $1 Million toward Tax Debt – Chris Tucker has been in the spotlight over the last few years, not so much for his talent but sadly, for his huge $12 million tax debt. A recent article by TMZ reports that Mr. Tucker started to chip away at the back taxes, paying nearly $1 million to the state of Georgia for two tax liens. While it will take a while to pay down the entire tax debt, it’s good to see Chris Tucker not going the way of Wesley Snipes or Lauryn Hill and serving time in jail.
Arizona Woman Gets 30 Months in Prison for Tax Evasion – Shaneika Earline Sims, 30, of Casa Grande, Arizona will spend the next 30 months in federal prison after admitting she conspired to defraud the U.S. government by filing up to 150 false tax returns that claimed $548,653 in unjustified refunds. This elaborate scheme used the identities of inmates in state and local detention facilities. Sims is also required to pay $403,002 in restitution and serve a 36-month term of supervised release once her prison time is up.
Tax Evasion by Kentucky Businessman Who Hid Assets from IRS – Darrell Mathis, of Warren County, Kentucky, pleaded guilty to evading payment of $177,634 in federal income taxes due for the tax years 1999 through 2001. Mathis falsely submitted an IRS Offer in Compromise form in which he concealed his personal assets, including vehicles, boats, and campers, real estate and ownership of his business, Tri-State Construction.
Mathis concealed his assets by using the name of a nominee to hide them from the IRS. He also made sure W-2s were not filed in his name. Mathis will pay a high price for his tax evasion attempts. He faces up to 25 years in prison and a $500,000 fine.
Tax Relief Tips for Military Personnel - Service members are entitled to tax benefits that may financially help active duty members as well as reservists and National Guard members. This post highlighted a recent Don’t Mess with Taxes article that cited the IRS Publication 3, Armed Forces Tax Guide. The tax relief tips covered the following topics:
· Taxable, tax-exempt pay
· Filling deadlines
· Combat extensions
· Uniform costs
· Travel expenses
· Tax residency
Men and women in uniform who are battling the IRS are encouraged not to do so alone. Their best defense is to contact a tax attorney or Certified Tax Resolution Specialist (CTRS) who can provide tax relief at both the state and federal levels and help resolve IRS tax problems on their behalf.
Have a great weekend!
More Tax Help, IRS News and Tax Relief Tips:
- Michael Rozbruch Interviewed in Opportunist Magazine
- IRS Bankruptcy-Five Tax Relief Options for Back Taxes
- Tax Resolution Expert-Five Reasons to Hire One
- Ask the Certified Tax Specialist – Small Business Back Taxes
- IRS Tax Levy-Avoid Them At All Costs