IRS tax evasion
« Previous EntriesFormer Banker Guilty of Helping Americans Evade Taxes With Foreign Accounts
Tuesday, August 9th, 2011I recently came across an interesting article on Bloomberg regarding a former banker charged with assisting consumers evade taxes by hiding funds in foreign offshore accounts.
I mentioned this case of tax evasion on my Tax Resolution University blog earlier this week. Martin Lack who is a former banker at UBS AG and independent investment adviser was [...]
IRS One Step Closer to Preventing Offshore Tax Evasion with Global Resolution
Thursday, July 14th, 2011I recently discussed on my blog, the Tax Resolution University an article from PRWeb on The Global Resolution. What is The Global Resolution? It is the negotiations between foreign banks and the U.S. Government towards an agreement that will, once finalized, help put a stop to offshore tax evasion. This agreement will accomplish this by [...]
Proposed IRS Budget Increase of $1.13 Billion Highlights Need for Tax Relief
Thursday, March 24th, 2011In recent tax news, the budget of the IRS is expected to rise to a breaking high of $13.3 billion next year! The Obama Administration has proposed a 2012 budget increase of $1.13 billion for IRS funding. The key point is that about $460 million of this increase is put aside for tax enforcement programs. [...]
Tax Tips for Preparing for Tax Day 2011
Sunday, March 6th, 2011I recently talked about the three day extension for filing tax returns on Tax Resolution University. The good news is thanks to Emancipation Day, which falls on April 15th, your tax returns are not due till the 18th.
While three extra days sound like a treat from Honest Abe (Emancipation Day celebrates how he freed over [...]
EX-IRS Agent Owes $789,000 In Back Taxes
Monday, November 1st, 2010According to the U.S. Attorney’s Office, John Venuti, a former IRS tax specialist from Maryland has pleaded guilty to three counts of failing to file a federal income tax return, reports the Washington Post.
It may sound silly that even an ex-IRS agent has failed to file an income tax return, however it is no laughing matter [...]
The IRS Turns Up Enforcement Heat Around the Globe for Offshore Bank Account Holders
Sunday, October 31st, 201076-year-old Leonid Zaltsberg from Milltown, N.J., has lived an extraordinary life. He played for the Soviet Union’s national soccer team, competed in the World Cup, and now works with Ukraine’s national team.
However, he has recently joined another extraordinary group: U.S. tax cheats who’ve been convicted of evasion following the release of account information from Swiss bank UBS.
Zaltsberg admitted [...]
Tax Help Latest News: Lessons From Celebrity Tax Woes Unveiled!
Wednesday, October 27th, 2010In case you haven’t heard, the IRS is aggressively cracking down on tax evasion. Armed with a record enforcement budget, the IRS is serious about collecting back taxes and penalizing those who have inadvertently or deliberately evaded their tax payments. A-list celebrities like Wesley Snipes, Paul Hogan, Reggie Bush and many others have faced severe [...]
Offshore Bank Accounts – Get Tax Help if You Missed the FBAR Amnesty Deadline for IRS Voluntary Disclosure
Sunday, August 29th, 2010If you have undeclared funds in foreign bank accounts, now is the time to act!
Did you know that FBAR tax penalties can amount to 200-300% of the asset value of an offshore account? If you have an offshore account and missed the IRS’s Foreign Bank and Financial Accounts (FBAR) amnesty deadline (October 15th), it is not [...]
More Americans Need Help Negotiating Payment Plans and Resolving Tax Audits
Wednesday, August 4th, 2010The IRS has become increasingly aggressive in pursuing non-filers and tax cheats, especially in this weakened economy. Since 2008, over 1.4 million Americans are audited each year, with the IRS collecting billions.
The IRS is doing everything it can in its considerable power to investigate and curb tax evasion, from simple audits to examinations of complex, [...]
Businesses in need of IRS Tax Relief as Worker Misclassification Audits Rise
Monday, July 26th, 2010As the IRS expands audits to 6,000 companies in an effort to capture lost tax revenue, professional tax help is becoming a necessity. Our tax resolution firm provides expert audit representation while helping businesses resolve potentially detrimental problems that arise from delinquent employment and payroll taxes.
Unpaid payroll taxes and delinquent employment taxes are detrimental to a businesses and [...]