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Tax Resolution Times


August 21, 2020

Protecting YOUR Income and Assets since 1991

Patrick T. Sheehan, Esq.
Former IRS Attorney
President of IRS Trouble Solvers 
®

In this issue:
All Tuckered Out From Defrauding 7 Million People
Covid-19 Not Reasonable Cause for Early Release
IRS Unmasks Anonymous Tax Filer
Your IRS Question Answered Here
Tax Humor
Tax Quote of the Month


Download "How to Permanently Solve Your IRS Problem" to see how we have helped hundreds of businesses and individuals permanently solve their IRS issues, and how we can help you!

Tax Humor

  “What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin.”
 
Mark Twain

Tax Quote of the Month

When it comes to taxes, there are two types of people. There are those that get it done early, also known as psychopaths, and then the rest of us.

Jimmy Kimmel

All Tuckered Out From Defrauding
7 Million People Out of 8 Million Dollars

 
Joel Tucker, from Kansas City, Missouri, ran into trouble with the IRS after he was caught selling false debt portfolios.
 
In 2009, Tucker founded eData Solutions, which collected loan application information, known as leads, that he sold to approximately 70 payday lender clients. In 2012, Tucker sold the company to the Wyandotte Indian tribe but kept a file of 7.8 million leads he had acquired. These leads detailed customer information including: names, addresses, bank accounts, social security numbers and dates of birth. Tucker used this information to create false debt portfolios which he then sold to third party debt collectors.

Tucker sold debts he didn’t own, some were not even true debts, or had already been sold to other buyers and contained false lenders, loan dates, loan amounts and payment statuses.
 
From 2014 to 2016, Tucker did not file tax returns, claiming he had no income and was living on borrowed money from his mother. In reality, he used nominee bank accounts to conceal millions of dollars in income and assets and spent hundreds of thousands of dollars on cars, chartered jets, travel, entertainment, and a personal home.
 
Under his plea agreement Tucker must pay restitution in the amount of $8,057,079.00 to the IRS and he faces up to 20 years in federal prison without parole.

 

COVID-19 Is Not Reasonable Cause for Early Release for Lawyer


A New York federal judge won't reconsider a decision to deny compassionate release to an ex-Jenkens & Gilchrist PC lawyer imprisoned for orchestrating a $7 billion tax fraud scheme, saying that his COVID-19 diagnosis doesn't justify shortened prison time.

"Paul Daugerdas received sufficient treatment for his infection at the southern Illinois facility where he is serving his prison sentence, and a novel coronavirus outbreak at that facility does not justify a review of the court's order denying him compassionate release" U.S. District Judge William H. Pauley III said in an order Tuesday.  "The court's decision in May denying him release — but that recommended the prison release him temporarily — accounted for a potential outbreak at the prison," Judge Pauley said.

"Although this court is troubled by the recent COVID-19 outbreak at USP Marion, that 'change in circumstance' does not necessitate revisiting the May 1 order," Judge Pauley said.

The court discounted Daugerdas' argument that the risk of reinfection and lasting health consequences from his diagnosis justified release, saying it was speculative and carried little weight.

IRS Unmasks Anonymous
Tax Filer 


Kristi Finney pled guilty to tax fraud for filing false tax returns.
 
From 2013 to 2018, Finney offered tax services from her home and charged a rate of $200.00 per return. She falsified employment and income and expense information on returns she prepared.  She also claimed large financial losses for businesses that did not exist, which resulted in larger tax refunds for her clients.  Finney would then divert portions of the refunds to herself by placing the refunds on prepaid debit cards.
 
Finney hid her involvement by claiming the returns were prepared by her clients, but the IRS linked 147 suspicious tax returns to her and was able to identify her as the filer through Internet protocol addresses, email addresses associated with the electronic returns and through witness interviews.
 
She has been ordered to pay restitution in the amount of  $359,733.00 to the IRS and sentenced to 33 months in federal prison.
Your IRS Questions Answered Here...

Question: I own a small business and we had to shut down due to the Pandemic, and in order to keep afloat I did not send the IRS my employee’s withholding (941) taxes for a few quarters.  How much trouble am I in? 

Answer: Owing 941 payroll tax is very different from owing personal income tax. Not only can the IRS padlock the doors to your business, they can come after you personally, levy your bank accounts, confiscate your receivables and seize your property.  Scarier still is that it can turn into a criminal matter.  Why? Because the money has already been deducted from your employees' payroll checks; so it’s not your money to begin with! The IRS will look at it as if you stole their money. Payroll tax delinquency is the IRS’s number one enforcement priority.
 
You need to get help from an experienced professional who deals with the IRS every day. The IRS and SBA have implemented special programs for business owners who have fallen behind on their payroll tax obligations. We can assess your situation and figure out the best way to protect you and we will take over all dealings with the IRS so you don’t have to.  Don’t let them take everything you’ve worked so hard for; call us today!
 
We at IRS Trouble Solvers are experts in tax resolution and help taxpayers with their IRS Problems every day.  Call us today at 877 4 IRS LAW for a FREE confidential consultation. We can put a stop to the IRS’s aggressive enforcement tactics, but you have to take that first step and call us!


I'd Like to Hear From You!

If you have an IRS issue, or just want to refer a friend, relative or client, we’d love to hear from you.  We can provide a no-obligation confidential consultation to help you solve your IRS problems. Call 877 4 IRS LAW today!

Read about IRS cases I’ve solved on my website: www.IRSTroubleSolvers.com

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2020 Patrick T. Sheehan & Associates, d/b/a IRS Trouble Solvers®
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