tax evasion

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.
Tax

Crime Watch: July 12, 2013

A New Jersey man, who coowns and operates a wholesale merchandise business in New York selling adult paraphernalia, was sentenced to nineteen months in prison for concealing more than $1.2 million in income in various domestic and foreign bank accounts.
Tax

Tax Evasion: Jail Time Begins for Lauryn Hill

Lauryn Hill is officially behind bars. Her first meal, according to TMZ.com, was "tasty BBQ pulled pork with a side of carrots, peas, and sweet potatoes." Doesn't sound too punitive.
Tax

Crime Watch: June 28, 2013

A California man was sentenced to two years imprisonment, three years of supervised release, and ordered to pay $11,738,000 in restitution for aiding in the evasion of payment of federal payroll taxes.
Tax

Rapper Fat Joe Sentenced on Tax Evasion Charges

Last December, Rapper Fat Joe – real name Joseph Cartagena – was convicted of tax evasion on nearly $3 million of income from 2007 and 2008. The tax shortfall with penalties comes to more than $1 million, plus a $200,000 fine.
Tax

Eliminating Tax Evasion Is Core Piece of G8 Ten-Point Plan

G8 leaders, who met in Northern Ireland, developed a ten-point plan, the Lough Erne Declaration, which calls for more information sharing between tax authorities and improved transparency to prevent tax avoidance.
Tax

Soccer Star Lionel Messi: A Tax Mess or Example?

UPDATE: "El Periodico," a Spanish publication, reports that in spite of protesting the government's claims, Lionel Messi and his father, Jorge Horacio Messi, have paid an enormous sum in additional back taxes and will not face tax charges.
Tax

Faith Evans' Tax Mess: More Blues than Rhythm

It sounds like small potatoes compared to other celebrities in tax trouble, but it's bad enough to pump up the blues for rhythm and blues singer Faith Evans. Evans is into the state of California for $29,535.48 relating to her 2011 income.
Tax

Crime Watch: June 13, 2013

Melvin Mooring, a Gainesville, Virginia, accountant, was sentenced to six years in federal prison for stealing $3.3 million from the company where he served as the chief financial officer. He had pleaded guilty to wire fraud and tax evasion charges in March.
Technology

Apple Has Been Accused of Large-Scale Tax Avoidance

Apple CEO Tim Cook appeared before the Senate Permanent Subcommittee on Investigations to defend his company's tax practices, including a 2 percent corporation tax rate deal it struck with the Irish government on two of its subsidiaries.
Tax

Beyoncé's Father and Former Manager under Heavy Tax Debt

Matthew Knowles, music executive, television producer, father, and former manager of Beyoncé Knowles, is into the IRS for more than $1.2 million. The tax debt relates to income earned in 2010 and 2011, the same years he managed his daughter's career.
Tax

Rapper Ja Rule's Tax Evasion Time Served, Mostly

Rapper Ja Rule spent the last nearly two years in prison at Ray Brook Correctional Facility in upstate New York on charges that included illegal gun possession and tax evasion. Now he'll finish his sentence on home confinement.
Tax

IRS Announces Plan to Share Tax Data with Brits and Aussies

The United States, Australia, and the United Kingdom have announced a collaborative effort to share tax information from a multitude of trusts and companies holding assets on behalf of residents from far-flung places.
Tax

Update: Lauryn Hill’s Tax Case Leads to Prison

Last month, Grammy-winner Lauryn Hill asked the judge in her tax evasion case for probation. Not because she is a celebrity but because she wanted to work in order to pay the taxes she admitted owing. Things didn't turn out exactly as Hill planned.
Tax

IRS Summons Wells Fargo for Data on Offshore Accounts

A ruling in a San Francisco federal court on April 29 allows the IRS to seek information on US taxpayers who may have offshore bank accounts in the Caribbean. Judge Thelton E. Henderson authorized the IRS to serve a "John Doe" summons on financial services firm Wells Fargo & Co.
Tax

Study Identifies Popular Havens for Likely Tax Cheats

According to a recent report by the Taxpayer Advocate Service (TAS), an independent division within the IRS, some of the nation's largest cities may be hotspots for tax cheats.
Tax

Lauryn Hill May Avoid Prison for Tax Evasion

Eight-time Grammy-winning singer Lauryn Hill was back in court April 22, presumably for sentencing in the tax evasion case against her. With three possible counts of tax fraud against her, she was facing a year in prison for each count.

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