Taxing Times – June 2015

June 8, 2015

PLAXICO BURRESS INDICTED ON STATE INCOME TAX CHARGES The former wide receiver allegedly failed to pay nearly $50,000 in state income taxes. Former NFL wide receiver Plaxico Burress has been indicted on tax charges in New Jersey. According to prosecutors, he failed to pay $47,903 in state income taxes. A former receiver for the Pittsburgh […]

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Frivolous Tax Arguments Completes the IRS “Dirty Dozen” List of Tax Scams for the 2015 Filing Season

February 9, 2015

IR-2015-23, Feb. 6, 2015 WASHINGTON — The Internal Revenue Service today wrapped up its 2015 “Dirty Dozen” tax scams list by warning taxpayers against using frivolous tax arguments to avoid paying their taxes. The IRS today also released the 2015 version of “The Truth about Frivolous Tax Arguments.” The 69-page document describes and responds to […]

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5 Things You Should Know About The Tax Payers Bill Of Rights (Part 1 of 3)

January 2, 2015

5 THINGS YOU SHOULD KNOW ABOUT THE TAX PAYERS BILL OF RIGHTS Part One (3 Part Series) It is a surprise to most people that citizens have a Bill of Rights when dealing with the Internal Revenue Service (“IRS”).  1. You have the right to an explanation of the audit process, an explanation of your […]

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Top Ten Tips to Help You Choose a Tax Preparer

February 6, 2014

Top Ten Tips to Help You Choose a Tax Preparer Choosing a tax preparer is sometimes as personal as choosing a doctor. So how do you know if the person you choose to entrust with your personal and confidential information is the right person for you? After all, you will still be legally responsible for […]

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Ten New Tax Changes That You Should Be Aware of Before Filing Your 2013 Tax Return

January 22, 2014

Ten New Tax Changes That You Should Be Aware of Before Filing Your 2013 Tax Return The new tax season has arrived! The IRS will not start processing tax returns until January 31, 2014 but taxpayers are still encouraged to begin preparing their returns in anticipation of the processing date. There are numerous tax law […]

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Fresh Start With Tax Liabilities

January 15, 2014

Fresh Start With Tax Liabilities The IRS has a series of new steps to help struggling taxpayers have a “fresh start” with their tax liabilities. Aptly name the IRS Fresh Start program, the goal is to help individuals and small businesses meet their tax obligations with as minimal a burden as possible. The IRS has […]

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Tax Fraud and Splitting Hairs

January 13, 2014

Tax Fraud and Splitting Hairs United States v Woods No. 12-562 – Texas Gold may be found in taxes. At least, that’s what the IRS could claim. A Texas Billionaire and his business partner are now arguing the case that the IRS has set against them; allegedly they used a tax shelter to shield them […]

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Englewood Doctor Owes $500,000 to IRS

January 13, 2014

Englewood Doctor Owes $500,000 to IRS Los Angeles, Oct. 28,2013 — An Englewood doctor was convicted of conspiring to defraud the Internal Revenue Service by concealing millions of dollars in assets and income in offshore bank accounts and of filing false income tax returns. Patricia Lynn Hough faces a potential sentence of five years in […]

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Ways to Avoid Probate

January 9, 2014

While many people are not sure of what probate is, many assume correctly that it is something that should be avoided under most circumstances.   Probate is the process by which a deceased person’s estate is transferred to the decedent’s beneficiaries.   Probate can be and usually is both an expensive and a time-consuming process.     California attorneys’ […]

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Strip club owner off to jail for tax fraud

February 11, 2013

A suburban strip club owner who didn’t pay taxes on $12 million in cash he stashed away was sentenced Friday to a year in prison followed by six months of home confinement after it was revealed he had provided extensive cooperation to the government. Michael Wellek had been charged with failing to file income tax […]

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