The IRS Catches Restaurant Owner Cooking the Books
Chu Chuk Cheung, owner of a restaurant in Springfield, Illinois, was indicted by a grand jury on 2 counts of tax evasion and 10 counts of structuring bank withdrawals to evade tax reporting requirements. According to the indictment, Cheung, owner of the Osaka Japanese Restaurant, failed to report income he received from the restaurant of […]
Strange State Tax Facts
The Rhode Island individual income tax return form features emoticons. A smiley face appears on the “Amount Overpaid†(refund) line, while a frowny face is shown on the “Total Amount Due†line. Nebraska taxes the sale of illegal controlled substances. The state’s law says drug dealers must buy drug tax stamps at the rate of […]
Alabama Woman Will Receive Jail Time, Not for Embezzling but For Not Reporting it on Her Tax Returns
Alita Baker Edeker, of Valley, AL, pled guilty to 6 counts of wire fraud and 3 counts of filing false tax returns. From February 2007 through May 2014, Edeker directed her company’s client’s payments to her own debit and credit cards she controlled. To conceal her crime from her employer, she made false statements and […]