Internet Tax Lawyers

There is little doubt that wealthy Americans are under scrutiny for tax collection. Nowhere is this more obvious than for those who have offshore bank accounts. More U.S. citizens living abroad are deciding to renounce their U.S. citizenship instead of facing IRS tax problems concerning new U.S. tax regulations namely the Foreign Account Tax Compliance Act (FATCA) aimed at curbing tax evasion.
The subject of renouncing citizenship made front page headlines

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The United States government has been pressing UBS AG, one of the Switzerland’s largest banks, to release the names of a reported 52,000 wealthy Americans with accounts at the bank. Federal authorities suspect that some U.S. taxpayers may be using accounts at UBS to evade taxes. A civil case brought by the United States against [...]

News agencies were abuzz about Wednesday’s Supreme Court decision stating the IRS could not use the extended, six-year statute of limitations to collect unpaid taxes from a business, Home Concrete & Supply, LLC in a tax shelter case. Robert Wood of Forbes in his article HUGE Taxpayer Win: Supreme Court Tells IRS 3 Years to Audit Is PLENTY! believes the historic decision regarding this tax shelter case will have a

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A Gatlinburg, Tenn., couple was sentenced for subscribing to false tax returns that resulted in a $550,649.13 tax loss. Kevin Matthew Flannery, 65, gained 24 months in prison. Margaret Anne Flannery, 63, obtained three years of probation and one year of home confinement.
Kevin Flannery pleaded guilty to one count of subscribing a false tax return for M.K.M.K. Associates Inc., doing business as Southland Car and Jeep Rental, for tax year

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As tax day April 17 is coming to a close, some may be wondering if they should file or even if they need to. During my recent interview on Midday Sunday Fox 11 with host Tony Valdez program, Tony inquired about how people don’t file their taxes and become tax delinquent. I explained that at Tax Resolution Services, Co., we work with a lot of non-filers with the average client

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The controller and operator of a New York telecommunications business admitted to filing false personal federal income tax returns.
Steven Imburgio, 50, of Holmdel, N.J., pleaded guilty to one count of making and subscribing to a 2004 federal income tax return to the IRS that he did not believe to be true.
According to court records, Imburgio admitted he controlled and operated Americom USA, a telecommunications business in New York, and that

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R&B singer Robin Thicke and his wife, actress Paula Patton, owe the Internal Revenue Service $492,583.49 for failing to pay income taxes two years in a row.
In addition to his own music, Thicke has written songs for Jennifer Hudson, Usher and Mary J. Blige. Patton has starred in a number of movies, including Idlewild, Swing Vote, Precious and Mission: Impossible — Ghost Protocol.
A representative for Thicke and Patton said the

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Countdown to Tax Day: 6 Days
On a recent episode of the Big Biz Show, we discussed the creation of the Tax Man TV show on Biz Television that morphed out of yours truly giving tax advice as a guest on the Big Biz Show for five years.
The Tax Man Show combines my 30 plus years in the tax business including running Tax Resolution Services, Co. for 15, to gives taxpayers

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The Obama Administration is continuing aggressive efforts to stamp out tax crime by appointing the right people with the right experience to get the job done. A recent Bloomberg article entitled, Keneally Confirmed to Lead Justice Department Tax Division announced Senate confirmation of Kathryn Keneally as the assistant attorney general of the Justice Department’s tax division. She is expected to continue the crackdown of tax crimes such as identity theft

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Tax day Countdown: 15 days left until April 17. With only two weeks left, I want to encourage taxpayers to start the year off right and resolve any back tax issues they may be facing. It is doubly important if those issues include unreported foreign income and offshore accounts. A recent March IRS bulletin entitled IRS Offers Tax Tips for Taxpayers with Foreign Income reminds us that U.S. citizens and

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Thelbert Lamont Lesure, 40, of Holly Springs, Miss., pleaded guilty to count one of knowingly preparing and transmitting a fraudulent tax return to the IRS. Lesure was released on a pre-existing bond pending sentencing, which will take place following the completion of a presentencereport. At sentencing, he faces up to five years in prison and a fine of up to $250,000. No related posts. No related posts.

The latest chapter of the IRS versus the Swiss bank saga shows just how far some Swiss bankers are willing to go to protect assets of their wealthy American clients from IRS detection. A Bloomberg article Swiss “Tax Evasion Advisers” Hid Assets, Used Kids reports on two recently indicted Swiss tax evasion advisors and their role in helping U.S. clients hide hundreds of millions of dollars from tax authorities using

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A man who operated a nightclub in Carson City, Nev., and two Laundromats in Reno, Nev., has pleaded guilty to tax evasion.
According to the plea agreement, from 2005 to 2007, Bradley H. Herndon, 54, operated three restaurants and two Duds and Suds Laundromats in Reno, as well as theClub JB nightclub in Carson City. Herndon was responsible for many of the daily business activities, including maintaining, collecting and reporting

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The Obama Administration and the Department of Treasury are continuing their aggressive efforts to catch tax evaders.  One strategy they are considering is a collaboration between the IRS and local law enforcement agencies to help catch people committing tax fraud, tax evasion and identity theft crimes.  Canada Free Press journalist Jim Kouri wrote an article entitled IRS may draft cops to catch tax cheats, official tells Senate to report on

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Following a three-day trial and two hours of jury deliberation, a Michigan man faces a possible lengthy prison sentence after being convicted of eight counts of tax evasion.
According to evidence presented at trial, during the 2001 through 2008 tax years, George Balcewicz, III, 44,of Lapeer, Mich., earned taxable wages totaling more than $569,000 through his employment as an electrician.
In attempting to evade his taxes, Balcewicz provided his employers with

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As April 17th draws near, it’s important that taxpayers have information to prevent any IRS tax issues from occurring to them. In a previous blog post called IRS Warns of Dirty Dozen Tax Scams, I highlighted in detail the top four most common tax scams circulating throughout the tax system so that our readers would not fall victim to “IRS deals” and false promises that could ultimately hurt their

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Hot off the Reuters newswire is an article entitled IRS Forms “SWAT Team” for Tax Dodger Crackdown that confirms the IRS’ intent on collecting taxes and in this case, going after one of the most difficult sources; multinational corporations. The IRS has stepped up efforts to go after businesses that shift money from country to country in an attempt to limit their corporate tax liabilities. While The IRS has attempted

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A Tennessee husband and wife face prison time after pleading guilty to two counts of willful failure to file tax returns.
Angela Palmer worked in the tax years 2005 and 2006 as a mortgage broker and earned extra income giving music lessons. Her husband, Warren Palmer, worked from 2004 to 2006 in construction and other jobs. They both lived in Knoxville, Tenn.
According to court records, the Palmers kept money in an

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During a recent episode of the Big Biz Show, I mentioned the subject of taxable income. I thought it an important blog topic as there may be some readers who are unsure what constitutes “income” particularly those who still may have unreported offshore accounts and assets.The Wikipedia definition of taxable income refers to the base upon which an income tax system imposes tax. Generally, it includes some or all items

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A New Hampshire man was sentenced to 18 months in prison for filing false tax returns, significantly understating his income, from 2003 through 2006.
Joseph Minai, 43, of Hampton Falls, N.H., was also ordered to pay $206,022 in restitution to the Internal Revenue Service and a $10,000 fine. Minai pleaded guilty in November 2010.
According to government evidence, from 2003 through 2006, Minai worked for an information technology company and reported his

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