Virginia Couple Tries to Outsmart the IRS and Gets Caught
Barry and Joan Edwards, from Concord, VA, who were convicted on one count of filing a fraudulent tax return, and one count of conspiring to structure cash transactions, were sentenced to prison time. Joanne Edwards was previously sentenced in May, 2018 and received a sentence of 18 months in prison and 3 years supervised release. […]
Presidential Tax Facts
Our modern day-federal income tax system was created by the Revenue Act of 1913, which was signed into law by President Woodrow Wilson on October 3, 1913. Social Security numbers were first issued by the Social Security Administration in 1935. The numbers were created to help administer Franklin Roosevelt’s New Deal Social Security Program, officially […]
The IRS Will End Offshore Voluntary Disclosure Program This Month – Miss Out and You Could Face Jail
The Offshore Voluntary Disclosure Program, which has been in effect since March, 2009, will close September 28th. For those taxpayers who have unreported offshore accounts and assets, the programs offers a chance to pay substantially less in back taxes, interest and penalties and more importantly, to avoid criminal prosecution. The benefit of the program allows […]