Owner of Pegasus Home Corporation Gets His Wings Clipped by the IRS
David J. Simard, of Maryland, pled guilty in the U.S. District Court of one count of obstructing the lawful functions of the Internal Revenue Service and four counts of failing to file personal and corporate income tax returns. Simard, a real estate flipper, received a notice from the IRS that he needed to supply documents […]
6 Tax Tips For Startups
Pick a business structure. Â One of the first things a startup will need is to decide how they are going to structure their business – as a sole proprietorship, a partnership, an S or C Corp, and so on. Â Each comes with different tax rules and different filing requirements, so the advice of an […]
Celebrity Tax Lien – Floyd Mayweather
The IRS still has Floyd Mayweather Jr. on the hook for $7.2 million in taxes from 2010, according to records that show a Federal Tax Lien filing. That’s on top of the $22.2 million the undefeated boxer nicknamed “Money” owes in 2015 taxes for the year he earned $200 million to fight Manny Pacquiao. Mayweather’s […]