If You Think You Are Like This Guy, We Need To Talk..Don’t Try And Cheat The IRS
We like sharing informative information here at Incite Tax. We want you all to be up to speed with the trends and news of tax and accounting, but also stupid mistakes people make by not using their heads. Hopefully that will open your eyes more to the reality of cheating the system.
Husband Uses Wife’s Dental Business to Extract Money from the IRS
John Fall of Cranston, RI was convicted of endeavoring to obstruct and impede the IRS, tax evasion and the preparation and filing of false corporate tax returns. He was sentenced to 30 months in prison and was assessed $72,000 in taxes due.
Fall was a real estate consultant and handled his wife’s businesses, Comfort Dental and Broad Street Investments. Fall opened multiple bank accounts to conceal business and financial transactions. He also used aliases to hide his ownership of these entities.
In 1998-1999 Fall filed false tax returns and between 2000-2010 he failed to file at all. He controlled his wife’s finances and books and made payments from her companies to several entities he owned. He also filed false tax returns on her behalf. Comfort Dental and Fall’s wife were summoned to be audited in 2008, and Fall provided false tax returns, fraudulent information and documentation regarding the payments to the IRS. Roz Strategies
If you want to beat the system legally, legally being the emphasized word, make sure you’re talking to a professional that knows the in’s and out’s of the tax/accounting realm. There are strategies you can implement right now to keep more of your hard earned moola! You don’t need to go be acting like a fool.
If you owe money to the IRS, make sure you talk with a tax resolution professional that knows how to get rid of penalties and decrease the amount the IRS has tacked on to your account. There is hope to resolving tax issues, so take a deep breath!
If you want to get ahead of the system legally, start by getting our FREE paper of What the IRS Doesn’t Want You to Know.
Stay tuned for more stories that will make you say, “What an idiot!”