McPhail Fails, Lands in Jail!
The owner of a roofing company, Ronald McPhail, was sentenced to one year and one day in prison for failing to report income from 2014 to 2019. During that time McPhail’s business generated more than 7.1 million dollars in revenue and approximately 2.43 million dollars in income. To conceal the income McPhail cashed customer checks […]
“Garmento†Loses the Shirt Off His Back!
Sang Bum Noh, the owner of a wholesale garment company in the fashion district of downtown Los Angeles, was sentenced to 12 months and one day in prison for undervaluing imported garments to avoid paying millions of dollars in import duties, failing to report millions of dollars in income, and failing to report large cash […]
Your IRS Questions Answered Here…
Question: I’m currently separated from my spouse, who owns his own business, and we are in the process of getting a divorce. I have always filed jointly with my husband and now the IRS is sending me notices stating I owe $77,000. I have no idea how they are coming up with this amount as […]