Category Archives: Tax Fraud

Where’s Hyman Roth When You Need Him?

Posted on June 29, 2008 by Russ

Last year I wrote about Naftali Tzi Weisz. Mr. Weisz is the Grand Rabbi of Spinka. He’ll also be standing trial in September charged with tax fraud. He’s accused of soliciting charitable donations but promising to refund most of the … Continue reading →

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Praise the Lord and Go to Jail

Posted on June 22, 2008 by Russ

Suckers are born every day, and so are the people out to fleece them. I’ve reported in the past on Aegis Corporation, a now defunct Chicago-based vendor of offshore trusts. The former owner of Aegis is spending 30 months at … Continue reading →

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Completing the Circle

Posted on June 22, 2008 by Russ

Last year I reported on Circle Industries, the Alpharetta, Georgia based international construction company. The father and son owners conspired with their bookkeeper to deduct personal expenses on their business return, including things like visits to Atlanta’s Gold Club, an … Continue reading →

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Federal Tax Fraud: The Users Guide, Part 2

Posted on June 19, 2008 by Russ

As a published author I know that finding the right title for a book can be a difficult task. My writing partner and I struggled with the title for our first book while for our second book we chose the … Continue reading →

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Prison Counselor Will See the Other Side of the Fence

Posted on June 15, 2008 by Russ

If you’re in prison and need some extra money, what should you do? How about defrauding the IRS—after all, you’re in prison, and all the government can do is keep you there. Of course, such a scheme needs help from … Continue reading →

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Now That’s a Bozo Tax Preparer

Posted on June 8, 2008 by Russ

I’ve read about all sorts of Bozo tax preparers, but Sunita Buddhu is by far one of the worst I’ve read about. Luckily for you and I, her days of preparing tax returns have ended. Ms. Buddhu and her father, … Continue reading →

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Yet Another Payroll Service In Trouble

Posted on June 8, 2008 by Russ

What happens if you use a payroll service and they don’t forward the deposits to the IRS and your state tax department? The payroll company will be in trouble, but the employer is still liable for the deposits. That’s why … Continue reading →

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Out Like a Lamb

Posted on June 4, 2008 by Russ

One of the surest methods I know to get the IRS upset with you is to withhold payroll taxes and not remit them. Payroll taxes are called trust fund taxes; I’ve yet to know of a time when the IRS … Continue reading →

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Bozo Tax Preparers No Longer on the Loose

Posted on May 18, 2008 by Russ

>From just the last few days there have been two stories of Bozo tax preparers and one of a Bozo tax examiner. Here they go: First, from Navarre, Florida comes the story of Deborah Adams. Ms. Adams was a helpful … Continue reading →

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Loss of Income Insurance Leads to Evasion

Posted on May 4, 2008 by Russ

Buddy’s Carpet & Flooring is a Cincinnati-based chain of carpet stores. Its owners in the late 1990s devised a method of saving on their taxes—they purchased eight “loss of income” life insurance policies for $3.6 million. Those policies led to … Continue reading →

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