personal medical records

been reported on Medina’s personal income tax returns. Medina also admitted that he evaded payment of his federal income taxes by causing Lucky Chances to make payments for personal expenses and fictitious business expenses in the amount of more than $1 million. These payments were expensed by Lucky Chances on its books, records and tax returns as ordinary and necessary business expenses. The personal expenses included furniture and redecorating services for his personal residence in Atherton, Calif. Tags: tax evasion Posted in IRS Tax Cases , IRS Times and Inquirer | 3 Comments » « Older Entries

on income he earned from his medical practice. Around 1995, he joined an organization in Denver called Tower Executive Resources. Tower assisted its members in evading federal income taxes, in part by providing a false invoicing scheme to offset income the members’ earned. Lewis’ medical practice paid funds to Tower in exchange for bogus Tower invoices to substantiate huge false business expenses Lewis deducted on the medical practice’s returns. Tower then deposited the bulk of those funds into an offshore bank account, which Lewis controlled. Lewis faces up to five years in prison and a fine of up to $250,000. Lewis’ son, Roy Lewis, a dentist

individuals into revealing personal financial information that can be used to access their financial accounts by making promises relating to the economic stimulus payment, often called a “rebate.”  To obtain the payment, eligible individuals in most cases will not have to do anything more than file a 2007 federal tax return.   But some criminals posing as IRS representatives are trying to trick taxpayers into revealing their personal financial information by falsely telling them they must provide information to get a payment.  For instance, a potential victim is told by phone or e-mail that he or she is eligible for a rebate but must provide a

trick victims into revealing personal or financial information for the purposes of identity theft. Phishing scams often take the form of an e-mail that appears to come from a legitimate company or government entity, such as the IRS. The IRS never initiates unsolicited e-mail contact with taxpayers. 2. Hiding Income Offshore: This is a time-honored tax evasion scam. But don’t fall for it. Today, even Swiss banks are opening up records to the IRS. Using this scam could land you in prison. 3. Filing False or Misleading Forms: Some scam artists promote frivolous information returns, such as Form 1099-Original Issue Discount (OID), claiming false

paid more than $229,600 in personal living expenses with corporate funds from 1999 to 2001. These personal living expenses were deducted on HMT’s corporate tax returns as corporate expenses and were excluded from the income Hunter reported on his personal income tax returns for those Tags: tax evasion Posted in IRS Tax Cases , IRS Times and Inquirer | No Comments » N.J. Co. Did Not Pay Taxes on $99 Million April 1st, 2007 U.S. Attorney Pat Meehan announced the filing of an information charging New Jersey-based E-Star Inc. with failing to pay federal taxes on more

be due to a failed business, medical expenses, legal judgments, personal misfortune, etc. The point is, for taxpayers who cannot pay their debt, the IRS allows the taxpayer to make an offer that would settle that debt once and for all. Oftentimes, this offer amounts to a substantial discount. You and your qualified tax professional meet with the IRS and then present your offer. It’s that simple. By contrast, the Installment Agreement  (also known as an IRS Payment Plan ) is intended for taxpayers with debt who are unable to pay the debt off in one lump sum but who have the resources to pay the debt down over time. Under the program, the taxpayer

into one of Corbin’s personal bank accounts. In interviews with special agents of the FBI and IRS, Corbin acknowledged receiving the checks from a developer who had been awarded construction contracts as part of a federally funded revitalization project in New Cassel. Records showed the money was used for personal expenses, though Corbin told FBI and IRS agents he gave the money to an individual who was purportedly paying workers at the developer’s New Cassel construction sites. If convicted, Corbin faces up to five years in prison on the false statement charge and up to three years in prison for each of the false tax returns filed. He also

use corporations to conceal personal income has pleaded guilty to using his corporations to hide income from federal tax authorities. Dana Ray Reynolds pleaded guilty to two counts of subscribing to false tax returns for the years 2002 and 2003 and admitted that he failed to report more than $300,000 in income to the IRS in each of the years. Reynolds, who promoted his tax-avoidance strategy through companies such as Repackaging America and Incorporating You used these companies to pay personal and family expenses. Reynolds also used the corporations to conceal assets, such as automobiles, recreational vehicles and at least one vacation home. Reynolds

couple’s nondeductible personal living expenses and for their personal residence expenses. To bolster the chances that they would succeed in achieving their tax-avoidance objective, they created a fictitious paper trail that included a purported management consultant agreement, a purported employment agreement, a purported medical and dental reimbursement plan, purported real estate installment documents, a purported educational assistance plan document and a purported automobile installment sale agreement. The taxpayers were liable for the accuracy-related penalty for the years in issue because they substantially understated their tax by claiming

shelter, clothing, food, medical care and other support were being provided by the United States Bureau of Prisons. Tags: filing false federal tax return Posted in IRS Times and Inquirer | No Comments » SAN FRANCISCO WOMAN DID NOT REPORT $1.4M Tuesday, April 8th, 2008 A San Francisco woman was sentenced to 20 months in prison, to be followed by three years of supervised release, for her involvement in an embezzlement scheme and for filing a false tax return. Suzie Moy Yuen, 53, of San Francisco, Calif., pleaded guilty to mail fraud and willfully subscribing to a false tax return. According to