The IRS gives you credit on the date the payment is received – that counts as the payment date. What happens if you work it out with the IRS and don’t owe as much as initially proposed? If you put the request in your letter that you would like a refund of excess funds, the IRS...
In U.S. v. Galloway, defendant Michael Galloway was charged with four counts of tax evasion under 26 USC 7201 stemming from false statements on tax returns from the 2003 to 2006 tax years. The returns in question were filed on October 24, 2005, November 7, 2005, November 6, 2006, and...
Failure to pay taxes on his $1 million winnings and on fees for speaking and guest appearances which has the Internal Revenue Service after him; Charges of two counts of tax evasion; Maximum sentence; Chance for a plea agreement to get him a reduced sentence....
The two were each charged with two counts of contravening the Custom and Excise Act 20 of 1998 and non-declaration of goods upon entering Namibia as well as the Prevention of Organized Crime Act 29 of 2004 of money laundering. The accused persons were not asked to plead and their case was...
It’s a lot like throwing Al Capone in jail, not for numerous counts of murder—but for tax evasion. The Present and Future Consequences of Nixon’s Default The first consequence of irredeemable currency was skyrocketing prices through 1981. The second was falling interest rates, which continues...
But Todd’s biggest legal headache to date occurred last summer when he and Julie were indicted onmultiple counts of tax evasionand fraud. The couple was accused of falsifying bank and financial statements between 2007 and 2012 to avoid paying nearly $2 million in state taxes. ...
I wanted no part of politics. And I wasn't in Berlin to compete against any one athlete. The purpose of the Olympics, anyway, was to do your best. As I'd learned long ago from Charles Riley, the only victory that counts is the one over yourself. —Jesse Owens ...
Of course, it’s not numbers that matter. What counts are feelings, especially feelings related to the direction of travel. The perception that we are mostly moving in the wrong direction can be seen in areas such as education and health too, and it’s not too hard to imagine a future ...
If you accept cryptocurrency as payment for goods or services, you must report it as business income. If you are a cryptocurrency miner, the value of your crypto at the time it was mined counts as income. When Is Cryptocurrency Taxed? The IRS treats cryptocurrencies as property for tax purp...
In January 1988, Minkow and 11 other company insiders were indicted by a grand jury on counts of racketeering, money laundering, securities fraud, embezzlement, mail fraud, bank fraud, and tax evasion. Separately, Minkow was also indicted on counts of credit card fraud. Approximately a year la...