Tobacco Store Owner has to Cough up Big Bucks for Tax Fraud
Business owner Hisham Jaber, of Pekin, IL pleaded guilty to filing fraudulent corporate income tax returns and sales tax returns with the State of Illinois. Jaber was the owner of two retail tobacco stores, Smoker’s Paradise One and Two and was charged with underreporting more than $8 million in sales between 2008 and 2013. The […]
Emeritus Professor of Business Administration Needs An Education on Paying Taxes
A professor at the University of Rochester, Dan Horsky pleaded guilty to conspiracy and had to pay a record $100 million penalty to the IRS for failing to disclose off-shore accounts. Horsky amassed approximately $200 million by investing in start-up companies and held the funds in accounts in a bank in Zurich. He didn’t disclose […]
Tax Audit Horror Story!
Joan Barthel, a freelance writer living in Manhattan, was subjected to an IRS audit because her husband claimed a deduction due to their summer home in CT burned down. Two IRS agents came to the audit and claimed that the Barthels’ calculations were incorrect and that they owed the IRS $14,000. Part of the deduction […]