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. Paul Caron has the story: JK Harris Tax Resolution Firm Closes its Doors Consumer Affairs, JK Harris Suspends Operations, Prepares to Liquidate: Tax-Preparation Firm Swamped by Consumer [...]
Tags: News · Tax Collections · Tax Crimes
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 (up from $3.3 billion in 2009, $3.0 billion in 2008, and $2.7 billion in 2007). The cabinet departments with the largest percentages of [...]
Tags: News · Tax Collections
Reuters reports that three explosive devices blew up outside the Naples offices of Equitalia, a state agency that collects overdue taxes and fines, breaking windows but injuring no one on Monday night, a police official told Reuters: Police said no group had claimed responsibility for the attack on the building on Corso Meridionale near Naples central [...]
Tags: Tax Collections · Tax Crimes
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 based on a late refund claim for the 2001 tax year: The suit filed by the Internal Revenue Service in U.S. District Court in [...]
Tags: News · Tax Collections
“Love your enemies, bless them that curse you, do good to them that hate you, and pray for them which despitefully use you, and persecute you.” St Matthew, 5.44 Did you know that the Matthew of the New Testament was a tax collector? I didn’t either until I heard it on Jeopardy last night. Here’s a [...]
Tags: News · Tax Collections
Again, from Paul Caron: IRS to Wage ‘Full Court Press’ Against Homes, Retirement Accounts for Back Taxes Washington Examiner, Obama’s IRS to Initiate Full Court Press, Warn Tax Law Experts: As 2012 approaches, tax attorneys are sounding the alarm: The IRS will squeeze every cent it can and “it will be nastier than ever.” The [...]
Tags: IRS Installment Agreements · IRS Liens and Levies · IRS procedure · Tax Collections
Joe Kristan reports that J.K. Harris, the most egregious of the many penny-on-the-dollar tax resolution companies, is about to file for bankruptcy protection to forestall a government seizure of it’s business: One of the late-night tax settlement outfits has found a way to make good on its “pennies on the dollars” pitch. The Charleston Post [...]
Tags: News · Offers in Compromise · Tax Collections
