Author Archives: Russ

Another Offshore Scheme Goes Down the Drain

Posted on July 1, 2007 by Russ

I’m not a big drinker. The former President and co-owner of Domecq Importers will have 10 years at ClubFed of being a teetotaler after pleading guilty to fraud and tax fraud charges. Domecq Importers was a large liquor importer based … Continue reading →

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What Is It About Strip Club Owners & Tax Evasion?

Posted on July 1, 2007 by Russ

I’ve reported several times about strip club owners evading taxes (and getting caught). I guess there are a lot of temptations out there…and if you’re going to offer one, you get to thinking about another. In any case, yet another … Continue reading →

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Will the IRS Re-Open Dinosaur Adventure Land?

Posted on July 1, 2007 by Russ

Jo Hovind fared much better than her husband when she was sentenced last week for 45 tax related charges. Her husband, Kent Hovind, received ten years in prison. Mrs. Hovind was sentenced to one year and a day, and will … Continue reading →

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Neteller Founder Pleads Guilty

Posted on July 1, 2007 by Russ

One of the two Neteller founders pleaded guilty on Friday to one count of conspiracy. Stephen Lawrence told the Associated Press, “I came to understand that providing payment services to online gambling Web sites serving customers in the United States … Continue reading →

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$63,000 Is a Lot Less than $5 Million

Posted on June 29, 2007 by Russ

Back in February I reported on Mark Kaushansky, the Soviet emigre who admitted evading taxes. At the time, Fred Theiman, Mr. Kaushansky’s attorney, noted, “A lot of assumptions made by the government are perfectly rational, perfectly logical and perfectly wrong.” … Continue reading →

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Yagman: “Hoisted by His Own Petard”

Posted on June 28, 2007 by Russ

The LA Weekly has a great article on the Stephen Yagman case. As I wrote earlier, Mr. Yagman was found guilty on 19 counts of tax evasion, money laundering, and bankruptcy fraud last week. If you read the Los Angeles … Continue reading →

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If At First You Don’t Succeed…

Posted on June 25, 2007 by Russ

We’re taught that if at first you don’t succeed, try, try again. But sometimes it just doesn’t work. Take the example of Warren Follum. Mr. Follum had asked the Tax Court to review the IRS’ decision to proceed with collecting … Continue reading →

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No Evading for Them

Posted on June 24, 2007 by Russ

Besides Mr. Yagman, several other individuals found their tax evading days ended. We also have a story detailing potential tax problems for a Los Angeles politician’s wife. We have two from the high tech world. From suburban Pittsburgh comes Pradeep … Continue reading →

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Yagman Guilty

Posted on June 24, 2007 by Russ

Civil rights attorney Stephen Yagman was found guilty on 19 counts of tax evasion, money laundering, and bankruptcy fraud on Friday in Los Angeles. Yagman will be sentenced on September 24th. Yagman was a considered combative civil rights attorney, and … Continue reading →

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The AMT May be Unfair, But You Must Pay It

Posted on June 21, 2007 by Russ

The Tax Court looked at two cases involving the Alternative Minimum Tax (AMT) today. In both cases, the taxpayers impacted by the AMT protested that they shouldn’t have been impacted by the AMT because they either didn’t have preference items … Continue reading →

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