IRS Q&A TIME
Question: I just received a letter form the IRS informing me they want to audit my 2014 income tax return. I really didn’t need this right now. What should I do? Answer: First, take a deep breath knowing there is expert help available to you. As part of the IRS’s audit process they’ll ask you […]
Delivery Business Owner Gets a Package from the IRS
David B. Schmitt of North Tonawanda, NY was sentenced to 30 months in prison and ordered to pay $748,459 in restitution for his conviction of tax evasion. Schmitt, who operated three delivery businesses, attempted to evade payment of a large part of federal employment taxes by filing false forms with the IRS, having nominees open […]
Pizza Store Owners Fail to Report a lot of “Dough†to the IRS
Charles and Mary Bangle, owners of a popular pizza restaurant chain, who reside in Ocean City, NJ, both pled guilty to tax evasion. Charles pled guilty to structuring transactions to avoid reporting requirements to his 2010 personal tax returns. His wife, Mary Bangle, pled guilty to knowingly making false statements to IRS special agents. Charles […]