Federal Court Takes Action Against Illegal Tax Promotions

A federal court in Tampa, Florida has obtained a permanent injunction against tax-avoidance promoter Joseph N. Sweet and his organization, EDM Enterprises, of Bradenton, Florida ordering them to cease selling and promoting tax avoidance plans and tax shelters.

Mr. Sweet is the author of a tax advice book, "Good News for Form 1040 Filers: Your Compliance is Strictly Voluntary! Bad News for the IRS! Everything You Ever Needed to Know About the Income Tax That the IRS is Afraid You'll Find Out." The book tells readers that they can't get in trouble for refusing to file income tax returns.

The injunction orders Mr. Sweet and EDM to contact customers who have purchased the organization's abusive tax promotions and inform them of the injunction. Mr. Sweet and EDM have sold books, tax avoidance degrees, and other materials to at least 650 people, and at least 400 asset protection trusts have been sold. Mr. Sweet and EDM have collected more than $6.5 million for these various tax avoidance materials.

Furthermore, Mr. Sweet has been ordered to stop making statements that income taxes are voluntary and that the Internal Revenue Service has no authority to collect taxes.

 

 

You may like these other stories...

A new Gallup survey found that 58 percent of smokers in the United States see increased state and federal taxes on cigarettes as an act of unjust discrimination, while 39 percent believe the tax hikes are justified.The...
Liberal groups object to bill barring taxes on Internet accessThe Internet Tax Freedom Act hasn’t been a controversial bill. In fact, it’s so popular that senators are seeking to pair it up with a far more...
As complex as federal tax can get, at least you're only dealing with one agency: the IRS. But when you get into state and local sales tax, you're coordinating hundreds of jurisdictions that are constantly changing....

Upcoming CPE Webinars

Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.