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Entries Tagged as 'News'

The Substitute for Return: The IRS’s Secret Enforcement Weapon

August 28th, 2010 · 5 Comments

“Nothing concentrates a man’s mind like the prospect of being hanged in the morning.”
- Samuel Johnson -
The New York Daily News reports that day-trader Marcos Esparza Bofill has been hit with a $172,000,000 IRS tax bill:
He failed as a day-trader and barely survived in New York on a beer budget, but Marcos Esparza Bofill has been hit [...]

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Tags: IRS Audits · IRS procedure · News · Tax Collections

That’s Not a Tax Bill, This is a Tax Bill

August 25th, 2010 · No Comments

Reuters reports that actor Paul Hogan, best known for playing an outback hunter in the “Crocodile Dundee” movies, has been stopped from leaving Australia until he pays a multi-million dollar tax bill:
The Australian Taxation Office (ATO) served U.S.-based Hogan with a departure prohibition order when he returned to Sydney last Friday for the funeral of his [...]

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Tags: International Taxation · News · Tax Crimes

California Sues Roni Deutch for “Heartless” Pennies on the Dollar Tax Scheme

August 25th, 2010 · 2 Comments

If you’re an insomniac you may recognize Roni Deutch from her ubiquitous late night infomercials promising taxpayers pennies on the dollar settlements with the IRS:
Joe Kristan writes about yet another lawsuit against Deutch:
California’s Aspiring GovernorAttorney General Jerry Brown has sued Attorney Roni Deutch, who blogs as the “Tax Lady,” for “swindling” taxpayers who hire her to get taxes forgiven. [...]

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Tags: News · Offers in Compromise · Regulation of Tax Preparers

Why the New York Times is Going Broke: Exhibit “A”

August 23rd, 2010 · 1 Comment

The following two sentences are taken verbatim from Saturday’s New York Times editorial:
[Tom] DeLay, the Texas Republican who had been the House majority leader, crowed that he had been “found innocent.” But many of Mr. DeLay’s actions remain legal only because lawmakers have chosen not to criminalize them.

This is a stunningly brilliant deduction, don’t you think?
Good Lord!
The only reason the [...]

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Tags: News · Satire

Who Leaked my Rape?

August 21st, 2010 · No Comments

The Guardian reports that Swedish authorities have issued an arrest warrant for Wikileaks founder Julian Assange on suspicion of molestation and rape:
The warrant was issued late yesterday, said a spokeswoman at Sweden’s prosecutors’ office in Stockholm.
She said Assange should contact the Swedish police for questioning about the accusations of molestation and rape in two separate [...]

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Tags: News

Taxpayer Who Crashed his SUV into IRS Building Gets 52 Months Lodging at Taxpayer Expense

August 21st, 2010 · No Comments

WebCPA reports that a man who drove his SUV into an IRS building in Birmingham in 2008 has been sentenced to 52 months in prison:

Ernest Milton Barnett pleaded guilty in March to a two-count indictment that charged him with using a deadly weapon, specifically a Jeep Cherokee Sport Utility Vehicle, in his Aug. 26, 2008, assault on IRS employees. [...]

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Tags: News · Tax Crimes

Absurd Tax Protester Stopped from Preparing Tax Returns

August 16th, 2010 · 1 Comment

Tax News reports that a federal judge has permanently barred Thanh Viet Jeremy Cao and his business, Phoenix Financial Management Group, from preparing federal tax returns:
The court found that Cao prepared numerous federal tax returns claiming a total of over $200 million n tax refunds based on false representations of tax withholdings. The court noted that [...]

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Tags: Absurd Tax Protester Arguments · News · Regulation of Tax Preparers · Tax Crimes

Big Government Makes 7 Year Old Lemonade Entrepreneur Cry

August 7th, 2010 · 1 Comment

Ah, the joys of big government.
This one’s from the New York Times:
Julie Murphy, a 7-year-old Oregonian, set up a lemonade stand on July 29 at an art fair in northeast Portland. County health inspectors shut her down, however, telling Julie and her mother, Maria Fife, that they needed a temporary restaurant license, which costs $120. The [...]

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Tags: News · Tax Humor

Haitian Presidential Candidate Wyclef Jean Gets Hit with $2.1 Million IRS Lien

August 6th, 2010 · 2 Comments

WebCPA reports that singer and would-be Haitian President Wyclef Jean has been hit with IRS tax liens totaling $2.1 million:
The IRS filed three tax liens against Jean for his 2006, 2007 and 2008 taxes, according to The Smoking Gun website. The agency filed the first lien in 2007 for $792,269, last July for $599,167 and in May [...]

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Tags: IRS Liens and Levies · News

The Giving Pledge: Instead of Private Charity, Why Not Give it to the Government?

August 4th, 2010 · 3 Comments

Rich folk sure do suck.
MSNBC.com reports that a group of billionaires led by Warren Buffet and Bill Gates is donating half of their wealth to charity:
A little over a year after Bill Gates and Warren Buffett began hatching a plan over dinner to persuade America’s wealthiest people to give most of their fortunes to charity, more [...]

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Tags: News · The Economy