Fox News reports that a former IRS agent whose tax preparation business catered to a wealthy clientele is accused of ordering at least two former customers killed as they prepared to testify against him
The United States Department of Justice reports that Dr. Patricia Lynn Hough, of Englewood, Fla., was convicted by a jury in Fort Myers, Fla., of conspiring to defraud the Internal Revenue Service (IRS) by concealing millions of dollars in assets and income in offshore bank accounts at UBS and other foreign banks, and of filing false individual income… Continue reading Florida Doctor Convicted of Federal Tax Crimes
“Ex-IRS agent sentenced to prison in murder-for-hire plot A former IRS agent who opened a tax preparation business was sentenced Friday to nearly 24 years in prison for defrauding clients out of more than $11 million and then attempting to hire a hit man to kill four of them. Steven Martinez, 51, of Ramona was… Continue reading Ex-IRS Agent Defrauded Clients then Hired Hit Man to Kill Them
Reuters reports that the U.S. has sued New York Yankees co-owner Hal Steinbrenner and his wife seeking more than $670,00 in taxes, saying that amount was erroneously refunded to the baseball team
Paul Caron reports that nearly 280,000 current and former federal workers are delinquent in their tax obligations: Over 279,000 federal workers and retirees owed more than $3.4 billion in back income taxes in 2010
The second unscrupulous player in the tax resolution business has been forced to shut its doors as a result of thousands of consumer complaints and several government investigations
In Taxes, Citizenship, and Shame Professor James Maule says he supports the public shaming of taxpayers the state has identified as scofflaws: The practice of publishing the names of tax scofflaws has become commonplace
If you can’t pay your tax debt in full, you will have to completely disclose your financial circumstances to the IRS. There is no way to avoid this disclosure requirement other than making full payment. A taxpayer’s financial information is provided on one or more of the following prescribed IRS forms: IRS Form Number Description… Continue reading Preparing the IRS Financial Statement: Do’s and Don’ts
Kate Smith of Kiplinger.com writes in Pennies on the Dollar Tax Relief Offers Should Be Scrutinized: Tax troubles keeping you up at night? Then you’ve no doubt seen your fair share of late-night TV pitches to settle your tax debts for less than you owe. Such “pennies on the dollar” come-ons, regardless of the source, demand scrutiny… Continue reading Offer in Compromise Warning
If you’re an insomniac you may recognize Roni Deutch from her ubiquitous late night infomercials promising taxpayers pennies on the dollar settlements with the IRS: Joe Kristan writes about yet another lawsuit against Deutch
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