WebCPA reports that the IRS’s Criminal Investigation Division (CID) is getting closer to meeting its objectives for combating tax evasion, corporate fraud, financial crime and even terrorism, according to a new report from TIGTA: [The] Treasury Inspector General for Tax Administration noted that the division’s current strategic plan calls for it to maintain a focus on legal-source tax [...]
Tags: Tax Crimes
“Nothing concentrates a man’s mind like the prospect of being hanged in the morning.” – Samuel Johnson – The New York Daily News reports that day-trader Marcos Esparza Bofill has been hit with a $172,000,000 IRS tax bill: He failed as a day-trader and barely survived in New York on a beer budget, but Marcos Esparza Bofill [...]
Tags: IRS Audits · IRS procedure · News · Tax Collections
Jacob Gershman says that New York imposes a special sales tax depending on how you eat your bagel: What’s the tax on a bagel? It depends how you slice it — or in the case of New York, if you slice it, The Wall Street Journal reported Tuesday. State tax officials, under orders from cash-strapped [...]
Tags: State Taxes
Reuters reports that actor Paul Hogan, best known for playing an outback hunter in the “Crocodile Dundee” movies, has been stopped from leaving Australia until he pays a multi-million dollar tax bill: The Australian Taxation Office (ATO) served U.S.-based Hogan with a departure prohibition order when he returned to Sydney last Friday for the funeral of [...]
Tags: International Taxation · News · Tax Crimes
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: California’s Aspiring GovernorAttorney General Jerry Brown has sued Attorney Roni Deutch, who blogs as the “Tax Lady,” for “swindling” taxpayers who hire her to get [...]
Tags: News · Offers in Compromise · Regulation of Tax Preparers
The following two sentences are taken verbatim from Saturday’s New York Times editorial: [Tom] DeLay, the Texas Republican who had been the House majority leader, crowed that he had been “found innocent.” But many of Mr. DeLay’s actions remain legal only because lawmakers have chosen not to criminalize them. This is a stunningly brilliant deduction, don’t you think? Good Lord! [...]
“Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.” – Thirteenth Amendment to the United States Constitution – CPA Kip Dillinger writing for Tax Notes says that a war is brewing between [...]
Tags: IRS Penalties · IRS procedure · Regulation of Tax Preparers
