Watchdog

Tax

Holla, Holla...Ja Rule faces the tax music

A self-proclaimed rap "gangsta" is going to jail for committing a white-collar crime: tax evasion. Multi-platinum selling artist Ja Rule (whose real name is Jeffrey Adkins) has been sentenced to 28 months in federal prison for failing to report more than $3 million in earnings from 2004 through 2006.
Tax

Late filing attorney gives up right to practice before IRS

A Texas attorney accused of willfully failing to file his federal tax returns has been disbarred from practicing before the IRS. The attorney argued that his failures to file and pay were not the result of willful conduct but were due to personal circumstances beyond his control.
Tax

Tax planner jailed for tax evasion

A Salt Lake City tax planner has been sentenced to 10 months of prison, 12 months of supervised release, and ordered to pay the costs of prosecution for willfully failing to file a federal income tax return for 2001.
Tax

Justice Department shuts down San Antonio tax preparation business

A federal court has barred Eddie Madrigal of San Antonio and his business, Madrigal Tax Express Inc., from preparing federal tax returns for others.
Tax

Philly tax firm barred from claiming the First-Time-Homebuyer credit for customers

A federal court has barred a Philadelphia tax preparation firm and its owner from preparing federal tax returns claiming first-time-homebuyer tax credits and tax deductions for certain expenses.
Tax

Ozzy and Sharon Osbourne at odds with the IRS

Not long ago they were one of the richest couples in the United Kingdom. Now Ozzy (real name John) and Sharon Osbourne are up to their eyeballs in tax trouble with Uncle Sam.
Tax

Famous names go round two with the Taxman

Rapper Lil Wayne probably breathed a sigh of relief a few months ago when he settled his $1.13 million debt with the Internal Revenue Service. But compared to the new lien just filed for income earned in 2008 and 2009, that previous bill must seem small.
Tax

TaxSqueal.com: Former IRS investigator lends his old employer a hand

After 30 years with the IRS, 25 of them as a special agent with the criminal investigation division, Al Drucker has heard just about everything when it comes to tax cheats.
Tax

Accountants gone bad...

The following is a summary of the latest news about accountants, both public and private, whose careers have taken a turn for the worse.
Tax

Sister act: Alabama tax prep sisters each face 129 years in prison

Loretta and Tracey Fergerson have been indicted by a federal grand jury in the Middle District of Alabama on a variety of charges stemming from an identity theft and tax fraud conspiracy.
Tax

Dubious achievement: Californian offers IRS revenue officer largest bribe ever recorded

Kulwant Lasher has been sentenced to four years and nine months in prison to be followed by three years of supervised release for conspiring to bribe an IRS Revenue Officer and failing to pay withholding and payroll taxes.
Tax

Accountants gone bad...

The following is a summary of the latest news about accountants, both public and private, whose careers have taken a turn for the worse.
Tax

Celebrities and their tax woes: Young Buck, Joe Francis, Jaime Pressly, and Richard Hatch

The latest celebrity tax round-up features several repeat offenders. It's great to be in the spotlight, but is sparring with the IRS the best way to stay in the public eye?
Tax

IRS sticks former Duke lacrosse player and falsely accused rapist with $6.5M tax bill

The name Reade Seligmann has been out of the headlines for awhile, but lately he's been back in the limelight. The former Duke lacrosse player and falsely accused rapist is dealing with a hefty IRS bill.
Tax

Pacino and Scorsese added to the list of Ponzi scheme victims

Al Pacino, who may be best known for the Godfather movies about the notorious Corleone mob family, is now finding he’s up against a real foe... the Internal Revenue Service. Public documents show Pacino owes the IRS nearly $188,000.
Tax

Tax scams on the front burner at the IRS

In case you're thinking that maybe Wesley Snipes has a good point when it comes to lowering income taxes, the Internal Revenue Service wants to remind potential tax scam artists that it does not plan on ignoring frivolous tax evasion arguments.
Tax

Cincinnati return preparer gets 30 months in jail to think about the false tax returns he prepared

A former resident of Cincinnati was sentenced to 30 months in prison by U.S. District Judge Sandra S. Beckwith for aiding and assisting in the preparation of false client tax returns and for filing a false individual income return, the Justice Department and Internal Revenue Service announced.
Tax

Moviemaker Michael Moore accuses former partners of irregular accounting practices

Michael Moore rose to fame for documentaries like Fahrenheit 9/11. As the highest grossing documentary, it brought in $222 million. Moore received $20 million of the profits in a 50-50 split with his partners, Bob and Harvey Weinstein. Now, he is taking them to court for more.
A&A

Censured accountant left a trail of violations

When the U.S. Securities and Exchange Commission tells a CPA, “Thou shalt not practice,” they don’t mean maybe. The SEC filed a settled enforcement action January 11 against Michael R. Drogin, of New York and New Jersey.
Tax

Alleged pump-and-dump scheme could mean 25 years in prison for accountant

Stephen Durland, a former Palm Beach, Florida, accountant made a fortune as an investor . . . sort of. He’s accused of operating a $30 million investment scam in California. If convicted, Durland could be looking at 25 years in prison, plus a $5 million fine.

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