IRS Terror Tale – Former Police Chief Does Crime & Time
When it comes to tax evasion, sometimes it’s the ones you least expect, like the most respected public figures, who try to weasel their way out of paying their income taxes. Â Such was the case with a former Port of LA police chief. In October, the LA Times reported the former police chief at the […]
How Does a Federal Tax Lien Affect You?
The IRS files Federal Tax Liens (“FTLâ€) to secure the governments interest in property against individuals with back tax liabilities. The FTL is of public record, often filed in the county courthouse where the tax payer lives. According to the IRS, a FTL can affect you in numerous ways: Assets — A lien attaches to […]
Famous Tax Evasion Cases You Never Heard of…
-Professional race car driver Hélio Castroneves was charged in 2009 for filing years of false tax returns and tax evasion in the amount of $80 million. Although he didn’t deny the charges, his attorney stated that “The racer isn’t to blame due to a brain injury which had compromised his decision-making abilities.†-In 1952, the […]