According to IRS data, in fiscal year 2014, 120 employment tax cases were opened for tax evasion investigation. Of those, 92 were recommended for prosecution and 82 received federal sentences. These numbers are set to increase, not only in federal cases, but in...
Experience. Dedication. Results.
Photo of Professionals at Law Office of Williams & Associates, P.C.
IRS
IRS Contacting Employers with Decreased Payroll Tax Deposits
In an effort to assist employers in understanding and meeting their payroll tax obligations, the IRS has initiated an Early Interaction Initiative in which the IRS will be alerted when an employer has a reduction in payroll tax deposits. Some employers will receive...
Tax Fugitive Behind Bars after Nearly 20 Years
Gideon Misulovin, a former New York business man on trial for tax evasion and fraud in 1996, appeared in US federal court on July 17, 2015 for the first time in 19 years.On March 7, 1996, a jury convicted Mr. Misulovin of conspiracy to impede and impair the IRS in the...
IRS Offers Tax Tips for Income Producing Hobbies
Making money from your favorite hobby, such as stamp or coin collecting, craft making, or horse breeding? Any income earned from a hobby activity must be reported on your annual federal income tax return, however, the way hobby income is reported is different than...
National Taxpayer Advocate Releases Mid-Year Report
On Tuesday, July 15, 2015, National Taxpayer Advocate Nina E. Olson released her mid-year report to Congress. The report identifies the priority issues the Tax Payer Advocate Service ("TAS") will address during the upcoming fiscal year. In addition to recapping the...
Pennsylvania Man Sentenced to Over Fourteen Years in IRS Telephone Scam
Last week, Preet Bharara, the United States Attorney for the Southern District of New York, Diego Rodriguez, Assistant Director in Charge New York Field Office of the Federal Bureau of Investigation ("FBI"), and Timothy P. Camus, Deputy Inspector General for...
Vatican Seeks Tax Transparency, Signs FATCA
In its pledge to seek financial transparency, the Holy See (the ecclesiastical jurisdiction of the Catholic church) signed on to become the newest member to FATCA, the U.S. Foreign Account Tax Compliance Act, that requires banks and financial information to report...
United States Secures Cooperation From Two More Swiss Banks
On June 9, 2015, the Department of Justice Tax Division announced it had reached resolution with two more banks in its Swiss Bank Program. Société Générale Private Banking will pay a $17.807 million penalty and Berner Kantonalbank AG will pay a $4.619 million penalty...
Ninth Circuit finds that Tax Court failed to apply correct legal standard in transferee liability case.
On Monday the Ninth Circuit Court of Appeals issued an opinion in Slone v. Commissioner of Internal Revenue, No. 12-72464 (and related cases). At issue in Slone was whether shareholders of Slone Broadcasting could be held liable for the unpaid tax liabilities of Slone...
California Tax Preparer Convicted of a Felony and Promises to Turn Over Names
A tax preparer was recently convicted in U.S. District Court, Eastern District for aiding and assisting in the preparation and presentation of a false and fraudulent tax return. The defendant, Sarad Chand, admitted preparing false tax returns with inflated or false...
