obtaining personal medical records

bankruptcy is different from personal bankruptcy. Many self-employed people have incorporated as a business. Incorporation provides you with personal protection from tax debt. Depending on the laws in your state, you can simply declare bankruptcy and dissolve your corporation with no impact on your personal credit history. Ideally under this scenario your corporation’s tax debt vanishes in a poof of smoke with no personal liability but in reality you’ll need to consult with a tax attorney or Certified Tax Resolution Specialist to work out the details in your case. Bankruptcy is sometimes the best option, but it will haunt your credit report for the

According to court records, between 2005 and 2008, Ning Zhu, 32, of Newark, Del., defrauded Dell of approximately $102,000 by fraudulently obtaining software in connection with the purchase of personal computers. During the course of hundreds of transactions with Dell, Zhu, using multiple false names and addresses, claimed not to have received software that he had in fact received. Through this deception, Zhu obtained duplicate copies of the software, which he then sold unlawfully. On his tax returns, Zhu falsely stated that his income for 2005 was $4,603, and that the amount of tax due was $0. In fact, his taxable income for 2005 was

are asking for all corporate records, bank statements, copies of leases, etc etc. My tax representative informed me that as my offer is related to personal taxes, and not my business, that this request is both invalid and irrelevant and in fact I don’t have to provide this. I’d be curious to know what you think… Answer: The IRS, during its investigation of the taxpayer’s Offer in Compromise, can and will ask the taxpayer to disclose any and all assets and income. A corporation that is owned by the taxpayer is a personal asset and is included in determining Reasonable Collection Potential and how much of an asset it is.  This is

According to court records, between 2005 and 2008, Ning Zhu, 32, of Newark, Del., defrauded Dell of approximately $102,000 by fraudulently obtaining software in connection with the purchase of personal computers. During the course of hundreds of transactions with Dell, Zhu, using multiple false names and addresses, claimed not to have received software that he had in fact received. Through this deception, Zhu obtained duplicate copies of the software, which he then sold unlawfully. On his tax returns, Zhu falsely stated that his income for 2005 was $4,603, and that the amount of tax due was $0. In fact, his taxable income for 2005 was

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

deductions for himself and obtaining income from a tax preparation business that submitted fraudulent returns on behalf of many other taxpayers. The trial court properly considered the sentencing guidelines, the individual’s medical and mental health requirements, the scale of the offenses and the length of time over which they took place, the interests of general and specific deterrence, the individual’s failure to take advantage of previous drug treatment opportunities, the need for just punishment and the option of imposing a probationary sentence as requested by the individual. Tags: claiming false deductions , fraudulent returns ,

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

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

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

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