Florida Doctor Convicted of Federal Tax Crimes

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 Defrauded Clients then Hired Hit Man to Kill Them

“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

IRS Says Yankees Owe $670,000

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

280,000 Federal Workers are Tax Deadbeats

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

Good Riddance: J.K. Harris Shuts Down

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

Is the Public Shaming of Taxpayers Legal?

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

Preparing the IRS Financial Statement: Do’s and Don’ts

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

Offer in Compromise Warning

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

California Sues Roni Deutch for “Heartless” Pennies on the Dollar Tax Scheme

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

IRS Makes it Easier to Settle Tax Debts

Linda Beale reports that the IRS is making the Offer in Compromise process easier for taxpayers: “The IRS has announced more flexible offer in compromise terms, in an effort to make it easier for financially distressed taxpayers to get a “fresh start” by erasing their tax liabilities, and may also result in less time taken for… Continue reading IRS Makes it Easier to Settle Tax Debts