In Dufresne v.Commissioner, Christopher Dufresne a High-Income Psychic, failed to foresee his IRS Audit, their detection of $1,505,546 of unreported deposits, and $101,866 in penalties plus litigation expenses. Christopher Dufresne’s mother was Sylvia Browne, a well-known psychic who appeared on television, wrote books, and gave lectures. During the years in issue petitioner worked full time as a psychic counselor…Read more
The IRS is Now Criminally Prosecuting Employers for Failure to Pay Withheld Payroll Taxes!
The IRS is stepping up criminally prosecuting business owners for failing to turn over withheld payroll taxes! In the last week there are no less than five (5) criminal prosecutions of business owners for failing the turnover withheld payroll taxes. Thinking of Borrowing From Your Company's Payroll Tax Withholdings? You Better Thank Again,…Read more
Commissioner Rettig Wants IRS Audits To 'Touch Every Neighborhood'
According to Law360, The Internal Revenue Service should “touch every neighborhood” in choosing which taxpayers to audit, IRS Commissioner Chuck Rettig said Monday in Philadelphia. The agency should be able to target different ZIP codes and types of cases in order to increase the rate of voluntary compliance, Rettig said during the 30th Annual Philadelphia…Read more
IRS Sets Up a Criminal Investigation Team for Bitcoin & Other Cryptocurrencies
The US Internal Revenue Service has set up a criminal investigation team to investigate whether Bitcoin and other cryptocurrencies are being used to evade taxes, according to news agency Bloomberg. The U.S. Internal Revenue Service, fresh off its success in uncovering U.S. assets hidden in Swiss banks, has assigned elite criminal agents to investigate whether…Read more