Inside This Issue....
INCOME TAX EVASION
Steven Dolberg, a South Florida chiropractor,
has been sentenced to 12 months and one day in prison, to be followed
by three years of supervised release, after pleading guilty to one
count of tax evasion. Dolberg admitted that he evaded about $244,000
in income tax from 1991 to 1993 by using check-cashing businesses
in Broward County to conceal his business income.
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Jose, CA. Attorney Indicted On Tax Charges
A South Florida man accused of smuggling into
the United States ozone-depleting refrigerant chemicals known as
Freon and hiding the income in tax shelters has been convicted of
tax evasion and money laundering.
A federal grand jury has indicted Owen George Fiore, a 69-year-old
attorney in San Jose, Calif., on four counts of income tax evasion.
According to the indictment, which is a result of an inquiry
by IRS Criminal Investigations, Fiore allegedly attempted to evade
income taxes due for years 1996 to 1999 by underreporting his income
during those years by a total of $626,623.
If convicted, Fiore faces up to five years in prison and
a $250,000 fine for each of the four counts.
Woman Imprisoned For Tax Refund Scheme
A Terra Bella, Calif. woman was sentenced
to 46 months in prison, to be followed by three years of supervised
release, for her part in an illegal tax refund scheme.
Elvia Ruiz, 37, was the organizer and leader of a scheme
intended to defraud the IRS. In court, Ruiz admitted that she
filed false tax returns to obtain fraudulent tax refunds. She
then used post office boxes and some peoples' home addresses to
receive those false refund checks. Ruiz told the court that the
tax filings were made out in the names of fictitious people who
in fact had no federal income tax withholdings.
IRS QUESTION CORNER...
I'm in deep trouble. My finances are a wreck. I've filed tax returns
every year, but as a self-employed professional in the struggling
technology industry, I've allowed myself to get into the hole
big time with the IRS. I owe $120,000 in back taxes for the years
2000 to 2002. My 2003 return will only add to that amount, I suspect.
What can I do? I don't want to go to jail.
Although I certainly understand your nervousness, you should know
that you are not going to go to jail. Trust me. Since you've filed
your tax returns every year, you haven't broken any laws. People
get behind in their bills, and the IRS knows this.
You have options. Since it sounds like you will not be
able to pay back the $120,000 you owe in taxes, your best strategy
will be to consult with a qualified tax professional who can help
you file an Offer in Compromise. Believe it or not, since the
IRS knows that chasing people across the country is no way to
collect back taxes, the agency provides the Offer in Compromise
program as a way for delinquent taxpayers to settle up and move
on. Oftentimes, an offer can reduce your tax debt by pennies on
You and your tax professional should first analyze your
2000, 2001 and 2002 tax returns to make sure you are not paying
the IRS anymore than you should. After all, why give Uncle Sam
a tip? Once that's done, you can enter into negotiations with
the IRS. For many of clients, an Offer in Compromise means they
can reduce their tax debt, see the light at the end of the tunnel,
and never have to change their lifestyle. There's a good chance
you may have similar results. Once you've made the offer, the
IRS will look at your assets and determine how much of your debt
you can pay. A qualified tax professional can often, as I said,
reduce that debt to pennies on the dollar.
I solve problems such as yours every day. That's what I
do: I'm an IRS Problem Solver. I encourage you to call our office
at 253-752-9522 or send me an E-mail at Firm@DNelsonCPAs.com for
a free, no-risk consultation. There IS a solution for your IRS
problem. Call us today!
|David S. Nelson,
NELSON & COMPANY, P.S.
Certified Public Accountants
Tacoma Mall Office Building
4301 South Pine Street, Suite #241
Tacoma, Washington 98409-7205