What is a John Doe Summons?
Federal law requires U.S. taxpayers to pay income tax on all earnings worldwide. U.S. taxpayers are also required to report to the IRS any foreign financial accounts if the value of those accounts exceeds $10,000 at any time in a calendar year. U.S. taxpayers seeking to hide their assets in offshore accounts can use the […]
Dentist Gets Drilled by the Federal Court
A Washington state couple, dentist Dr. James Hood, and his wife, Karen Hood were found in contempt from a Federal Court for violating a previous permanent injunction requiring them to file payroll tax returns and pay payroll taxes in a timely manner. The Court previously entered a permanent injunction against the Hoods and their entities […]
Owner of Iceoplex Skates on Thin Ice with the IRS
A tax attorney from Pittsburgh, PA and co-owner of the Iceoplex recreational sports facility, Steven Lynch, was sentenced to 48 months in prison for failing to collect, account for and pay over employment taxes to the IRS. From 2012 to 2015, Lynch controlled the finances for the business and withheld more than $790,000 from the […]