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...

Legislation coming out of Washington just might reduce homeowners' burden for disaster insurance. It's a topic very much on everyone's minds since the mudslide in Oso, Washington. The loss of human life was...
Divorce is hard, and the IRS isn't going to make it any easier. The IRS generally says "no" to tax deductions that might ease the pain of divorce. In certain circumstances, however, you might be able to salvage...
IRS chief: New rule on the way for tax-exempt groupsIRS Commissioner John Koskinen told the USA Today on Monday that the agency will likely rewrite a proposed rule regulating the political activities of nonprofit groups to...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.