The simple answer as to why Wesley Snipes will soon begin serving a three-year sentence for tax evasion is that he didn’t file his tax returns for 1999 through 2004 and also tried to get a $7 million refund in 2006 on returns filed before he stopped filing in 1999. The broader answer is that [...]
By April 15, 2010, 84 percent of Americans filed their tax returns on time. That means 16 percent didn’t. That omission translates to a figure somewhere near $345 billion in taxes owed to the U.S. Treasury Department. With a budget deficit in the trillions and rising, the IRS is expected to increase its audits of [...]
Joe owed the IRS about $25,000 and was experiencing severe financial hardship. The IRS had levied his paycheck and left almost nothing for his family to live on. The tax bill seemed to keep growing despite payments from his wage levy. It was a never ending problem. Joe needed help fast! Our firm worked to [...]
Chris was at wits end about his IRS problem. The stress and anxiety of having such a massive tax debt hanging over his head gnawed at him night and day causing him many sleepless nights. To make matters worse, the IRS was levying his paycheck leaving him and his family virtually destitute, unable to properly [...]
Henry was at the end of his rope. Mounting pressure from his bank to pay the delinquent balance of his business loan was beginning to become unbearable. He had already obtained two extensions on his loan. They were not going to wait much longer before foreclosing on his business. The MA Department of Revenue was [...]
Peter was a silent partner who had invested in a business that had failed some ten years earlier. Due to an incompetent business partner who mismanaged the business, payroll taxes were left unpaid that Peter did not become aware of until many years later when the IRS came knocking at his door. Because the business [...]
Stephen was suffering tremendous anxiety. His business had filed bankruptcy many years ago and both the IRS and MA DOR had assessed some unpaid business payroll taxes against him personally. He was stressed out and wanted the problem to just go away. Stephen also desperately wanted to buy a house and knew any tax problem [...]
Lisa had suffered greatly as a result of personal problems, including both a divorce and a personal bankruptcy. She lost everything she owned – including her home. Fortunately, bankruptcy gave her a fresh start and a new lease on life . . . or so she thought! Just when she thought her troubles were over, [...]
Jill was depressed and upset, she had lost both of her parents within the last two years. The IRS was now claiming her deceased mother owed over $40,000 in unpaid taxes. She could not believe what was happening! While she was still in mourning, the IRS threatened to seize her mother’s house – where her [...]
Don and Alicia knew they were in serious trouble. They had not filed tax returns for several years and owed the IRS over $240,000. Unfortunately, they had ignored an IRS Summons demanding their appearance before IRS Revenue Officers with records relating to both their personal finances and Don’s business. As a result, IRS Revenue Officers [...]
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