Category Archives: Tax Fraud

>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 →

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 →

I spent the last couple of days relaxing (along with printing tax returns). Unsurprisingly there’s some fraud to report on in just those last few days. First, I have to look at a Bozo tax preparer. From nearby Rialto, California … Continue reading →

Another light week on the tax fraud front. But while it lacks depth, some of the cases are definitely amusing. Three women in Maryland allegedly had a Bozo idea on how to make some money. Let’s get some inmates at … Continue reading →

I really am an Enrolled Agent. In fact, hanging on the wall behind me is my Certificate of Enrollment (and my license is in my wallet). Do you believe that anyone would impersonate a Certified Public Accountant? And would then … Continue reading →

The Bozo side of my profession has had a busy week. Yeah, it’s tax season, but we have some pretty bad tax preparers highlighted here. First, we go to Queens, New York. Tommasina (a/k/a Tammy) Paolino operated Titan Enterprises in … Continue reading →

Section 1031 Exchanges are a tool to defer taxes. Properly done, using a reputable qualified intermediary, they’re a very useful tool in tax planning. Of course, some intermediaries aren’t as reputable as others. Edward Okun owned 1031 Tax Group LLP, … Continue reading →

Bringing up children is tough. A Bozo tax preparer allegedly had a way to make it slightly easier. She supposedly created phony children to use as tax deductions. Hey, at least they didn’t yell about getting their rooms clean! Paulina … Continue reading →

Lots and lots of fraudsters have been at work recently. Here are some of the lowlights: Charles Jones, the accused former Louisiana State Senator, pleaded not guilty to three federal tax charges. I wrote about his case earlier this year … Continue reading →

Karl James is the former president of Golden West Taco, Inc., one of the largest franchises of Taco Bell (which is based here in Irvine). Back in 2000 Golden West Taco went into Chapter 11 Bankruptcy protection. Yet Taco Bells … Continue reading →