Your IRS Questions Answered Here…
Question: I own a small business and in order to keep afloat, I did not send the IRS my employee’s withholding taxes for a few years. How much trouble am I in? Answer: Owing 941 payroll taxes is very different from owing personal income taxes. Not only can the IRS padlock the doors to your […]
Stolen Identity Tax Refund Scheme Will Result in Jail Time
Monique Ellis, of Antioch, TN was convicted by a federal jury of eight counts of wire fraud and aggravated identity theft for filing false tax returns. In 2012, Ellis used stolen ID’s, including ones of prisoners at the Alabama Department of Corrections and to file tax returns with the IRS. The fraudulent refunds were directed […]
The IRS Tells Restaurant Owners “Check Please!â€
A couple who own three restaurants in Texas were indicted on federal tax crimes ranging from conspiring to defraud the United States, filing false individual tax returns and filing false corporate returns. Michael and Cynthia Herman of Austin, TX, owned restaurants Cindy’s Gone Hog Wild, Cindy’s Downtown, and Hasler Brothers Steakhouse.  The Herman’s are charged […]