by Harry | Jul 6, 2016 | News & Tips
According to BBC News, football superstar Lionel Messi has been sentenced to 21 months in prison due to tax fraud. Jorge Messi, Lionel’s father, was also given a jail term for tax fraud of near $4.5 million between 2007 and 2009. Because of Spanish law, neither...
by Harry | Jul 1, 2016 | News & Tips
According to an IRS report, Prairie Meadows, an Iowa casino, owes up to $60 million in IRS back taxes and penalties. Why? Because an IRS audit has determined that the Iowa casino has been operating more like a business rather than a nonprofit organization. The IRS has...
by Harry | Jul 1, 2016 | News & Tips
Rapper Fat Joe, real name Joseph Cartagena, owes over $1 million for allegedly failing to pay taxes on his income from 2008, 2009, 2010 and 2014, according to BOSSIP.com. Unfortunately for the rapper, the IRS has placed a lien on his assets. A tax lien is a...
by Harry | Jun 29, 2016 | News & Tips
Working at a tax resolution firm, I knew it was a scam, but even then, my chest tightened when I heard the message on my answering machine. “The IRS is filing a lawsuit against you.” It seems everyone is afraid of the IRS, even those of us who take standard...
by Harry | Jun 28, 2016 | News & Tips
UBS Group AG, the largest Swiss bank, has put an end to their legal fight with the Internal Revenue Service. The bank has agreed to hand over the Foreign Bank Account Report for Ching-Ye Hsiaw, a U.S. citizen living in China. After the IRS filed a petition, a federal...
by Harry | Jun 23, 2016 | News & Tips
According to a publicly released audit report by the Treasury Inspector General for Tax Administration (TIGTA), the Internal Revenue Service (IRS) needs to improve its efforts to address the noncompliance of taxpayers who are denied access to or withdrawn from its...
