A Texas woman is free on bond prior to sentencing after pleading guilty to federal tax charges. The charges of tax evasion carry a maximum sentence of $750,000 in fines and 15 years in prison. The woman owes the Internal Revenue Service $239,300. The woman owned and operated a day […]
Category: Tax Evasion
Weary Detroit residents simply cannot escape the political corruption headlines. While Texas has seen its fair share of corruption over the years, the city of Detroit has been hammered with it. On Oct. 3, a former fundraiser for Kwame Kilpatrick, the ex-mayor of Detroit, pled guilty to tax evasion and […]
Successful entrepreneurs are gifted at growing a business, but they are not always knowledgeable in how to handle money correctly. That lack of expertise can lead to mistakes and problems with tax authorities. When tax avoidance is discovered, whether it was done by mistake or intentionally, years of hard work […]
Whether by mistake or on purpose, failure to report income tax can lead to severe legal consequences. Recently, an accounting supervisor in Texas received a sentence of 18 months in federal prison for embezzlement and tax evasion. According to a Star-Telegram news report, a 50-year-old woman from Fort Worth, Texas […]