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The owner of a Kirkland, WA, interior design firm, Daniel Nix was indicted in April 2017 on thirteen counts of tax evasion, eleven counts of providing fictitious financial obligation and one count of corrupt interference with the administration of the Internal Revenue code. As alleged in the indictment, as early as 1998 and from 2000 to 2007, Nix refused to pay his [...]

Four family members from Queens, NY were indicted on charges of failing to pay more than $1.5 million in taxes. Steve Chon and his brothers Daniel Chon, Victor Chon and his daughter Stephanie Chon were charged with two counts of grand larceny in the second degree, eight counts of criminal tax fraud in the second degree and one count of criminal tax [...]

Upon arrival at Mumbai’s International Airport, Indian police arrested Sagar Thakkar, 24, also known as Shaggy, for being the mastermind behind a call center IRS scam that targeted thousands of Americans and netted more than $300 million. In October 2016, the U.S. Justice Department charged more than 60 people in India with participating in the scam, where call center agents impersonated IRS employees or other federal officials [...]

Bank of America has been slapped with $45 million in punitive damages for their mishandling of a mortgage in California. The bank was cited specifically for the harassment experienced by the plaintiffs in the case and the emotional distress caused by those actions. The lawsuit arose because of Bank of America’s failure to comply with the automatic stay provisions of the U.S. [...]

One element of President Donald Trump's proposed tax reform plan may have a significant effect on residents of New York State. The plan would end the current ability of taxpayers to deduct the amounts paid for state and local taxes on their federal returns. Since residents of New York currently pay one of the highest state tax rates in the country, the [...]

A recent court case (United States v. Schmidt, 2016 WL 7230503 (E.D. Wash. 12/14/16).) {Consumer Bankruptcy News., 1/16/17 Vol27; Issue 7; Reuters, 2017)} shows the importance of filing tax returns. A couple in Washington State believed that 1099 income was not taxable even though they had W-2 and 1099. They filed the tax return and explained why they did not believe they [...]

If you have not been aware lately, it would be understandable if you had not given that many people rank dealing with the IRS like going to the dentist, the Internal Revenue Service has undergone a serious cutback in funding from Congress.  The results of which are noticed at different levels of interactions with the Agency. One aspect is that the Audit [...]