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Talk with a Tax Resolution Expert
When you act as a fiduciary for another person or entity, such as the Executor of an Estate, you have a responsibility not only to the estate personally, but to the beneficiaries and the federal government, namely the IRS….
January 18, 2022
Alfredo Loya, a commercial fisherman from Virginia, was sentenced to 15 months in prison for failing to pay his federal income taxes for nearly a decade. Loya was employed by a number of companies as an independent contractor from 2006…
January 14, 2022
Shane August, the owner of a healthcare business, pleaded guilty to defrauding the IRS of more than 1.2 million dollars. For years, August withheld employment taxes from his employees and then failed to pay over more than $900,000 to the…
January 12, 2022
Rosalba Meza, the controller for two plumbing companies, was arrested for embezzling more than 3 million dollars. From 2017 through 2019, Meza made unauthorized transfers from company bank accounts into personal bank accounts totaling $3,071,880. In February 2019 Meza told…
January 10, 2022
Mustafa Shalash pleaded guilty to one count of filing a false tax return in connection to lottery winnings in 2015. Shalash won a million dollars in the Ohio state lottery and that year declared $1,069,100 in winnings, along with $1,069,100…
December 08, 2021
A Florida liquor store owner, Ajay Kumar, was sentenced to prison for tax evasion for failing to report the store’s cash sales. For tax years 2015 to 2018, Kumar only reported credit card sales on his tax returns and underreported…
December 04, 2021
The Internal Revenue Service (IRS) announced a series of inflation adjustments for dozens of tax provisions for the 2022 tax year. There will be seven tax brackets. Those are: – 37% for incomes over $539,900 ($647,850 for married couples filing…
November 23, 2021
Cryptocurrency has become an incredibly popular way to invest, but the tax side of this virtual coin can be difficult to navigate. The IRS has gone back and forth over the years on it’s stance on cryptocurrency, making it confusing…
November 19, 2021
Given how high the stakes are, it is surprising how little thought many people give to their taxes. All too often, individuals simply walk into a neighborhood storefront, hand over their most personal information and trust the person on the…
November 12, 2021
As tax filing season unfolds, many taxpayers are taking the bull by the horns and doing their own taxes. Though it may seem like good news for the individual taxpayer, it’s important to watch out for common tax filing mistakes….
November 05, 2021
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