Tax Resolution Services Solves Tax Problems such as Back Taxes, No Help for Man Facing 20 Years in Prison for Tax Evasion, Selling Stolen Software
On this tax blog I have written about tax scams and tax evasion many times. Besides Bernie Madoff and his Ponzi scheme, I have never written about a story as ridiculous as this one. First of all, selling stolen software is dumb. Even dumber when you steal it directly from Dell, one the biggest computer corporations, and then commit tax evasion to hide your earnings from this stolen property. This man was just begging to be caught! How does this tie into Tax Resolution Services? First of all, if you’re selling stolen software and falsely reporting earnings on your tax return, we can’t help you. But if you are struggling to resolve tax problems such as back taxes owed, are wondering about IRS payment plans or payroll tax problems, we can gladly help you! Hire our team of tax attorneys, CPAs and Certified Tax Resolution Specialists today to settle your tax problems by calling 1-866-IRS-PROBLEMS!
A Delaware pleaded guilty to one count of mail fraud and three counts of tax evasion in an elaborate scheme to defraud computer maker Dell.
According to court records, between 2005 and 2008, Ning Zhu, 32, of Newark, Del., defrauded Dell of approximately $102,000 by fraudulently obtaining software in connection with the purchase of personal computers.
During the course of hundreds of transactions with Dell, Zhu, using multiple false names and addresses, claimed not to have received software that he had in fact received. Through this deception, Zhu obtained duplicate copies of the software, which he then sold unlawfully.
On his tax returns, Zhu falsely stated that his income for 2005 was $4,603, and that the amount of tax due was $0. In fact, his taxable income for 2005 was $300,333, and the amount of tax due was $79,701. He made similarly false statements in 2006 and 2007, grossly underreporting his income from the sale of the ill-gotten software.
On the mail fraud charge, Zhu faces a maximum up to 20 years in prison and a $250,000 fine. On each of the three tax evasion charges, he faces up to five years in prison and a $250,000 fine.
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