Category Archives: Tax Evasion

Illegal Income Is Taxable

Posted on September 8, 2008 by Russ

One of the questions that comes up from time to time is whether you have to pay tax on illegal income. After all, do thieves really report their thefts to the IRS? I usually remind those questioning this that Al … Continue reading →

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Three More Sentenced in Evanson Case

Posted on September 8, 2008 by Russ

Three CPAs will be joining attorney Dennis Evanson at ClubFed. Reed Barker of Littleton, Colorado got 18 months, Brent Metcalf of Cottonwood Heights, Utah, received 24 months, while Stephen Peterson of Coalville, Utah received 35 months. Additionally, Barker must make … Continue reading →

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Decoding Some Bozos

Posted on August 24, 2008 by Russ

It was a busy week for the bozo side of the tax profession. Three preparers found themselves in hot water, and in one case some customers will be decoded into the mess. First, from Beaufort, South Carolina, Sally Berry, the … Continue reading →

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Two From the Not Safe for Work Profession

Posted on August 24, 2008 by Russ

I’ve written in the past that there’s something about Escort Services that somehow get their owners in tax trouble. Late last week two other individuals in related industries pleaded guilty to tax evasion charges. First, from Eugene, Oregon, comes the … Continue reading →

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Even Pot Growers Need to Pay their Taxes

Posted on August 13, 2008 by Russ

Medical marijuana is a complex subject. California voters passed an initiative legalizing it; the federal government says its still illegal under federal law. I’ll let the attorneys battle that one out. However, whether medical marijuana is legal or illegal doesn’t … Continue reading →

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An Aphrodite Falls

Posted on August 13, 2008 by Russ

It must be something about the profession. Yet another Escort Service owner is in trouble over taxes. Theresa Faye Hope pleaded guilty to tax fraud charges today. Ms. Hope was the proprietor of Aphrodite Inc., a subchapter S Corporation. There’s … Continue reading →

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A CFO and a CEO Find their Fates

Posted on August 10, 2008 by Russ

Two business executives. Two men with tax troubles. Is ClubFed in their futures? Joseph Smith was the former treasurer and CFO of the Catholic diocese of Cleveland, Ohio. He supplemented his earnings by engaging in a kickback scheme. He funneled … Continue reading →

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A Very Unlucky Spendthrift Lottery Winner

Posted on August 10, 2008 by Russ

If you are lucky enough to win the lottery definitely plan on paying your taxes. Indeed, you’ll find that the government will be quite helpful in that regard, and that taxes will be withheld from your winnings. Do remember, though, … Continue reading →

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Snipes’ Bill: $217,363.75

Posted on August 10, 2008 by Russ

Wesley Snipes recently got clearance to go overseas to film a movie while waiting for his appeal to be heard. It looks like he’ll need some of the money he’s making: he just received the bill for his trial. As … Continue reading →

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Midweek Evasion

Posted on August 7, 2008 by Russ

It’s only my third day back from vacation. Some of the individuals mentioned below will be counting the days at ClubFed very soon. Let’s start in Stillwater, Minnesota. Randy Haugen owned an automobile repair business, and it was apparently quite … Continue reading →

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