Category Archives: Tax Evasion

Bozo Tax Tip #9: Only Foreign Income Is Taxable

Posted on April 2, 2009 by Russ

Another repeat from 2008, mainly because people still try to peddle this snake oil. This conversation took place just yesterday. Two prospective clients came into my office (husband and wife). I showed them my Engagement Letter first, and they wanted … Continue reading →

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Bozo Tax Tip #10: Use Consecutive SSNs When Cheating the IRS

Posted on April 1, 2009 by Russ

It’s time for our annual rundown of Bozo Tax Tips, strategies that you really, really, really shouldn’t try. But somewhere, somehow, someone will try these. Don’t say I didn’t warn you. Here’s a repeat for the third year: Let’s thank … Continue reading →

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Hatch Again Asks for Freedom

Posted on March 29, 2009 by Russ

Richard Hatch, the Survivor winner who decided he didn’t have to pay taxes on his $1 million of winnings, is again asking a court to free him. He’s filed a motion with the US District Court in Rhode Island that … Continue reading →

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Not Pressed for Time Any More

Posted on March 22, 2009 by Russ

We’ve got some lowlights from the tax fraud world. A dentist and a doctor from West Virginia are in trouble. And we’ll take a look at what could happen if your 1031 Exchange uses a dishonest Qualified Intermediary. First, let’s … Continue reading →

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You Can’t Get Off the Mailing List

Posted on March 15, 2009 by Russ

I remember an old Peanuts where Snoopy asks to get off the IRS’ mailing list. It just doesn’t happen, and Barry Lusk of Easley, South Carolina may have learned his lesson. This story begins back in 2000. Mr. Lusk was … Continue reading →

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Castroneves’ Trial to Begin

Posted on March 1, 2009 by Russ

Helio Castroneves, the race car driver who is accused of being fast and loose with his tax returns, goes on trial tomorrow in Miami. Mr. Castroneves is accused of using a Panamanian shell company to hide $5.5 million in income. … Continue reading →

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Troutman Gets Four Years

Posted on February 22, 2009 by Russ

Former Chicago Alderman Arenda Troutman was sentenced to four years at ClubFed last week. Ms. Troutman had started the 20th Ward Women’s Auxiliary to hide money. At sentencing, Ms. Troutman told Judge Ruben Castillo, “With God as my witness I … Continue reading →

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Liechtenstein Prince Investigated for Tax Evasion

Posted on February 22, 2009 by Russ

The tiny principality of Liechtenstein has been in the news ever since an employee at one of the country’s banks sold customer data to German tax authorities. Now, the brother of Crown Prince Alois, Prince Max von und zu Liechtenstein … Continue reading →

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UBS To Pay $780 Million Fine

Posted on February 18, 2009 by Russ

UBS, the Swiss Bank accused by the IRS and Department of Justice of hiding taxpayers’ bank accounts from the IRS, has admitted to the act in a deferred prosecution agreement. UBS will provide a list of account holders to the … Continue reading →

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Francis Sent Home

Posted on February 3, 2009 by Russ

Girls Gone Wild founder Joe Francis was released from ClubFed this afternoon. Francis slept through his Monday morning court hearing. He has stated that he was suffering from the flu. He’s been ordered to get a doctor’s note, and present … Continue reading →

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