According to Law360, a third-party IRS summons on a U.S. citizen's bank records for an investigation into a French company's tax liabilities in France violates federal tax laws because it's not connected to a U.S. debt, an Indiana federal court has been told. The summons, issued to JPMorgan Chase & Co. seeking Joseph Dadon's bank records,…
Read more
Psychic, Son of Famous Psychic Sylvia Browne, Fails to Foresee IRS Audit & Assessment?
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
