Internal Revenue Service Convictions for 2007
Trac Reports has published their Internal Revenue Service Convictions for 2007
The latest available data from the Justice Department show that during FY 2007 the government reported 1,081 new convictions which had been referred by the Internal Revenue Service. According to the case-by-case information analyzed by the Transactional Records Access Clearinghouse (TRAC), this number is down […]
Snipes gets maximum sentence in tax case
OCALA, Fla., April 24 (UPI) — Despite pleas from a cavalcade of Hollywood stars, Wesley Snipes received the maximum penalty for tax fraud in a Florida court Thursday, officials said.
Snipes was sentenced by a U.S. District judge in Ocala, Fla., to three years in prison and faces fines of up to $5 million for federal […]
Plan would use electronic bank records to help collect on tax debts
This is a growing trend. Click here for complete article.
Minnesota tax collectors want to enlist banks — and their electronic records — in their search for the assets of tax cheats.
The state Revenue Department is pushing a plan to collect an extra $10 million a year in outstanding taxes by making banks, credit unions, life […]
Feds to judge: Give Snipes maximum penalty
WASHINGTON (CNN) — Federal prosecutors Tuesday urged a Florida judge to sentence actor Wesley Snipes to three years in prison and fine him $5 million to demonstrate to taxpayers that refusal to pay income taxes carries severe penalties.
Snipes is scheduled to be sentenced April 24 by U.S. District Judge William Hodges in Ocala, Florida, on […]
Actor Snipes acquitted of tax fraud, guilty of failing to file a return
Highlights of Los Angeles Times article 2/2/2008
A federal jury in Florida acquitted actor Wesley Snipes of felony charges of tax fraud and conspiracy Friday but found the former high-profile star guilty on three misdemeanor charges of failing to file a tax return.
Snipes and two co-defendants were indicted in October 2006. The government alleged that he […]
Cost for Unreported Income: 30 Months in Jail
Cost for unreported income: 30 months in jail
A Cohasset man was sentenced yesterday to 30 months in federal prison for failing to report more than $1.6 million in taxable income to the Internal Revenue Service between 2000 and 2004.
For complete article click link above
Kerik indictment would wreak havoc for Giuliani
From 11/7/07 LA Times article:
“Kerik faces 14 charges, including criminal conspiracy, tax evasion and making false statements to White House officials considering him for Homeland Security secretary.
In return for Kerik’s support, the indictment said, the New Jersey company paid for more than $250,000 in improvements to his apartment in the Bronx. Among the renovations were […]
Unreported Income: IRS Civil Tax Fraud and Criminal Tax Evasion
The IRS will often pursue a Taxpayer first, on criminal tax evasion, and then, civil tax fraud (otherwise, the taxpayer could assert, during the civil investigation, his Fifth Amendment privilege against self-incrimination).If the IRS pursues civil tax fraud first and wins, they may collect civil penalties, tax and obtain discovery information, and then pursue criminal […]
IRS Moves to Reduce Tax Evasion
Starting in October, hundreds of Americans will be getting “Dear Taxpayer” letters telling them they’ve been selected for a special audit by the Internal Revenue Service.
The 13,000 chosen at random this year — and similar numbers in subsequent years — are part of the tax agency’s National Research Program, which is designed to give […]
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