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Tag Archives: internal revenue service

$4.2 Million For Free Internet Download Software?

After a conviction last November following a seven-week trial David Moro was sentenced on October 5, 2011 to 10 and a half years (126 months) in prison for orchestrating and carrying out a $4.2 million broadcasting equipment lease and financing scheme which yielded a loss of more than $3 million to lenders. Moro was convicted of one count of conspiracy ... Read More »

$1 Million Investment Fraud Scheme Could Mean 25 Years In Jail

On Thursday, October 7, 2011 Rober Schroy, of California, pleaded guilty to wire fraud and tax evasion for his role in a $1 million investment fraud scheme. Schroy pleaded guilty to one count of wire fraud and one count of tax evasion. According to filed documents in this case: Schroy said from 2004 through 2009 he solicited people to invest ... Read More »

Union Hispana Defrauds Multiple Virginia Banks

This just in! ANOTHER person thought it would be a GREAT and SUPER SMART idea to defraud a bank … and it WASN’T! When will people learn? Multiple Virginia banks were defrauded almost $3.4 million by Osvaldo Mercado for submitting fraudulent loans. Mercado was indicted on conspiracy, six counts of bank fraud, two counts of mail fraud, and two counts ... Read More »

55 Indicted In Operation Stolen Treasures

55 people have been indicted with connections to a large tax fraud scheme which involves hundreds of falsified income tax returns that sought over $250 million in refunds. This scheme has been deemed “Operation Stolen Treasures” and while it is not a big blockbuster movie starring Nicholas Cage it is a criminal investigation revolving around two California companies: Old Quest ... Read More »

New Jersey Commodity Pool Operator And Day Trader Faces 55 Years For Two Separate Schemes

Victor Cilli pleaded guilty on October 3, 2011 to an Information charge against him with one count of securities fraud, one count of conspiracy to commit bank fraud and one count of tax evasion. Cilli was a commodity pool operator and day trader in New Jersey and directed two schemes to defraud investors and financial institutions out of about $2 ... Read More »

May Be Time to Reclassify Independent Contractors in Debt Relief Companies

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The Internal Revenue Service has launched a new program to allow employers to get their workers classified correctly. The Voluntary Worker Classification Settlement Program is designed to allow employers to make the switch from contractor to employee without facing stiff penalties if caught with incorrectly classified workers. It’s sort of an amnesty program. Under the program, eligible employers can obtain ... Read More »

Global Points Owner Gets 2 Years In Prison For Wire Fraud And Money Laundering

Stephen Sparks, a business partner of Global Points, was sentenced on September 29, 2011 for federal fraud offenses after pleading guilty in January of 2011 to wire fraud and money laundering. Sparks was given a prison sentence of 24 months (2 years) with a following 3 years of supervised release. Sparks will also have to pay $1.3 million in restitution. ... Read More »

This Just In: $4 Million Pay Phone Fraud Scam …. And Pay Phones Still Exist!

I’m a proud Maryland native but after reading a recent press release of a Bethesda, Maryland resident’s pay phone fraud scheme, I can’t help but feel embarrassed that this took place so close to my old home. This must be what people from New Jersey feel like every week after an airing of The Jersey Shore. Bethesda resident, Nicolas Kantartzis, ... Read More »

Get Free Help and Advice From Former IRS Agent

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I’m proud to announce that Jim Buttonow has agreed to assist readers with tax issues for free. Jim is a great guy and certainly a very knowledgeable tax expert. I have no reservations in recommending him as an expert to help site readers. Jim is a licensed CPA who spent 19 years with the IRS coordinating large compliance teams of ... Read More »

Owe The IRS? Here Are Eight Awesome Insider Tips to Make it Less Painful and Cheaper

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The following guest post was contributed by Jim Buttnow. Jim is a licensed CPA who spent 19 years with the IRS coordinating large compliance teams of IRS agents and specialized personnel. In the last 5 years, Jim has invented consumer and practitioner software and treatises on how to address many different tax issues. He has also represented many people before ... Read More »

If You Thought the Recession Was Bad, Wait Till You See The Tax Problems Many Will Have as a Result

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Jim Buttonnow from easyIRS.com sent me over the following article to post in an attempt to warn consumers of the looming tax problems to come as a result of living through tough times. He raises some very important points and issues that will undoubtably catch consumers and land them in trouble with the IRS. This will lead more people to ... Read More »

Will Banks Negotiate My Student Loans? – Russell

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“Dear Steve, 4-1/2 years ago I decided to go back to school for Dental Hygiene. My wife would not let me work during the four years of school and her income did not quite meet all our expenses. I took out private loans to pay for school and living expenses plus rolled an old HELOC loan into our fianal school ... Read More »

American Express is the Least Helpful and Scariest Creditor I Have. – Patricia

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Patricia “Dear Steve, For 10 years I was self employeed making very good money on the inernet. Over the past 6 months the sites I got work from began to close, or remain open with little to no clients. My income dropped 80% (seriously) I am 3 months behind in my mortgage and currently working with them. I owe the ... Read More »

The American Consumers Nuclear Winter

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With so little time before the next presidential election it is a good time to take a quick look at some important issues that are impacting the wallets and purses of the American consumer. Under the Bush administration consumers were significantly harmed by unreasonable and unfair bankruptcy reforms that clearly helped big business, hurt consumers and only made bankruptcy more ... Read More »

Some Old Debts Just Resurfaced on My Credit Report. – Carrie

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“Dear Steve, Several years ago (6-8 years) I accumulated approximately $25,000 of debt and no reasonable way to pay it back after a divorce. I dodged the creditors and collection agencies-but never had the means to pay anything to any of them. (I lived in subsidized housing,received food stamp benefits and was qualified for rehab services for my hearing loss, ... Read More »

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