tax evasion

Tax

Report: IRS Criminal Prosecutions Up 23.4% under Obama

A new report from Syracuse University found that the number of referrals for criminal prosecution by the IRS has risen by nearly a quarter under the Obama administration compared to George W. Bush’s years in the White House.
Tax

Tax-Evading Toymaker Gets Slap on the Wrist

Billionaire H. Ty Warner, the sixty-nine-year-old founder of the Beanie Baby franchise, could have been sent to federal prison for five years for tax evasion. Instead, a US district court judge in Chicago treated the toy magnate with kid gloves.
Tax

Will Beanie Baby Founder Do the Time for His Tax Crime?

If the IRS gets its way, H. Ty Warner, creator of the Beanie Baby toy franchise, won’t be enjoying plush surroundings the next five years, he’ll be spending the time in prison for tax evasion.
Tax

Crime Watch: December 20, 2013

A San Jose, California, woman was convicted December 18 of a federal fraud charge for running a Ponzi scheme that bilked more than 250 victims out of approximately $9.5 million.
Tax

Crime Watch: November 18, 2013

Chicago lawyer Gary J. Stern designed at least three tax-fraud schemes that helped hundreds of customers falsely claim over $16 million in improper tax credits and avoid paying income tax on at least $3.4 million.
Tax

Taxman Tries to Lap NASCAR's Juan Pablo Montoya

If the IRS is correct, NASCAR driver Juan Pablo Montoya owes the government a bit of money. Like $2.7 million. Montoya concedes he may have underreported some income, but he maintains the IRS is way off.
Tax

Crime Watch: November 1, 2013

Vernon Harrison of Montgomery, Alabama, was sentenced to 111 months in prison, three years of supervised release, and ordered to pay $82,791 restitution for his role in a stolen identity refund fraud scheme. Harrison is a former US Postal Service mail carrier.
Tax

Italian Taxmen Hound Soccer Player Diego Maradona to Pay Up

Diego Maradona took a chance returning to Italy this month where he was once a well-loved soccer star. When he visited back in 2009, the Italian tax authorities promptly confiscated two Rolex watches and a pair of earrings, valued at about $20,700.
Tax

Stephen Baldwin Chips Away at His Tax Debt

Last March when actor Stephen Baldwin made a plea deal in New York's Rockland County Court, he committed to paying off his back taxes within one year.
Tax

Beauty Jeane Napoles Bathes in Cash: Mom Swims in Legal Sewage

Young, beautiful Philippine designer Jeane Catherine Napoles filled a bathtub full with currency, climbed in, and took a photo of herself bathing bare in a sea of money. Then she posted it on social media.
Tax

Tax Sentence Served: Lauryn Hill Out of Prison

A few days short of her three-month sentence for tax evasion, the prison doors opened for Lauryn Hill on Friday, October 4.
Tax

Crime Watch: October 4, 2013

A massive case of organized tax and bank fraud culminated September 26 with the unsealing of four federal grand jury indictments accusing fifty-five people of participating in one or more illicit schemes, including the theft of more than 2,000 identities that were used to claim more than $20 million in bogus IRS tax refunds.
Tax

Prison Doors Slam on Fat Joe for Tax Evasion

On August 26, as scheduled, forty-two-year-old rapper "Fat Joe" reported to a Federal Detention Center in Miami. He'll spend four months there, followed by a year of supervised release.
Tax

FATCA: United States and Switzerland Issue Joint Statement Re Tax Evasion Investigations

Switzerland has encouraged its banks to cooperate with new program that will require significant financial penalties and information sharing from banks that aided secret account holders.
Tax

New York State Tax Collection Plan: No Pay-No Drive

If you're a resident of New York State and you've fallen behind in your state personal tax payments and owe more than $10,000, you might need to hire a driver or take a cab.
Tax

Reality Bites for Teresa Giudice - A Star with Real Tax Woes

Reality star Teresa Giudice has been in money trouble for a while. On July 29, it all got a whole lot worse when a federal grand jury handed down a thirty-nine count indictment against her and husband.
Tax

Chris Zorich Avoids Prison in His Tax Evasion Case

Back in March when Chris Zorich faced a Chicago judge to answer for his tax failings, he took it like a man. In the long run, this attitude might have bought him some mercy.
Tax

Crime Watch: July 25, 2013

A former manager of an H&R Block Preparation store has been sentenced to twelve months and one day in federal prison for using the identities of former tax preparation clients to file false returns with the IRS seeking fraudulent income tax refunds.
Tax

Crime Watch: July 18, 2013

A Texas man, who was arrested in an airport while attempting to flee the country, was indicted in the Central District of California in a multimillion-dollar identity theft and tax refund fraud scheme. If convicted, he faces a statutory maximum sentence of at least seventy-five years in federal prison.
Tax

Maximizing Returns or Unethical Tax Avoidance?

Companies that take advantage of the varied tax laws of different countries to limit their tax payments claim they're maximizing shareholder returns. The result is that US companies hold huge cash reserves in countries with low tax rates.

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