Baseless Claims Against IRS Prove Costly for Georgia Teacher Taxpayers who present frivolous arguments in tax disputes face significant financial penalties, a lesson reinforced by a recent U.S. Tax Court decision. In Swanson v. Commissioner (TC Memo 2024-105, Nov. 12,
Lawyer’s Use of Trust Accounts and Cash Withdrawals Leads to Conviction A Missouri attorney has been convicted of tax evasion after years of fraudulent activities, facing prison time and substantial fines for concealing income and failing to file returns. Key
Guilty plea reveals elaborate scheme to hide assets and mislead the IRS, facing years in prison. A Florida businessman, David Albert Fletcher, has pleaded guilty to evading $1.7 million in federal taxes by concealing income and filing false returns, highlighting
CPA Faces Up to 31 Years in Prison for Falsifying Documents and Failing to File Tax Returns Timothy Trifilo, a D.C.-based accountant, has pleaded guilty to mortgage fraud and tax evasion, admitting to falsifying mortgage documents and failing to file
Dale Thrush Faces Over 15 Years in Prison for Payroll and Filing Violations Dale Thrush, a Michigan businessman, has been convicted of multiple employment tax crimes and willful failure to file personal tax returns, highlighting the serious legal risks for
IRS and Justice Department Victory: Shutting Down Illegal Tax Practices The IRS and the Department of Justice have secured a significant victory in their ongoing battle against tax fraud, with a federal court issuing a permanent injunction against a Texas
Irresponsible Taxpayer Admitted to Falsifying Records, Evading Over $550,000 in Taxes An Alaska businesswoman has pleaded guilty to evading taxes on income earned through her business operations. The scheme, which spanned several years, involved falsified financial records and understated income,
A high school teacher faces major penalties after failing to report income and making unfounded claims about his tax obligations. In a recent case, a Georgia high school teacher faced a $25,000 penalty for making frivolous tax arguments in a
Employer’s Tax Responsibilities: A Case of Costly Neglect A Serious Tax Oversight A business owner from Massachusetts, who we’ll call the “Irresponsible Taxpayer,” recently pleaded guilty to failing to handle payroll taxes correctly. As the owner of two companies—a steel
Understanding the Differences and Making Informed Decisions When expanding your business and bringing on additional help, it’s essential to understand the tax implications of hiring employees versus independent contractors. The classification of workers has significant tax and legal ramifications, affecting