Thursday, February 28, 2019

Sentenced to Prison for Tax Fraud

A health care products business owner, who attempted to evade the payment of more than $450,000 in income taxes, was sentenced in federal court by U.S. District Court Judge Raymond Moore to 36 months in prison, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division. 
According to court documents, in April 2010, Craig Walcott was notified by the Internal Revenue Service (IRS) that he owed taxes and penalties for the years 2005, 2006 and 2007, totaling $458,569.  After receiving this notice, Walcott took a series of steps to prevent the IRS from collecting those taxes.  He recorded fictitious deeds of trust against four properties he owned, so that they would be unattractive targets for IRS tax liens, and transferred other properties he owned to nominee entities to make it appear to the IRS that he no longer had an ownership interest in the properties. Walcott also filed false tax returns for the tax years 2005- 2007 that underreported his income for those years.
Walcott pleaded guilty on Nov. 27, 2018, to one count of attempting to evade the payment of his federal income taxes. 
In addition to prison, Walcott was ordered to pay restitution to the IRS in the amount of $628,733 and to serve three years of supervised release after the completion of his sentence. Walcott was remanded into custody today.
The case was investigated by special agents of the IRS-Criminal Investigation. Tax Division Assistant Chief Andrew Kameros and Trial Attorney Lee Langston prosecuted the case.

Free Consultation We Solve Tax, Business and Insurance Problems. To speak with an experienced Federal Tax Practitioner and Attorney call (212) 974-3435 or contact us online. Don't delay another day. Meet with us personally in our conveniently located New York City office. 

Restaurants We specialize in unpaid sales taxes, installment agreements, audit representation and all Department of Labor issues. For immediate assistance call (212) 974-3435 or contact us online. 

Contractors We specialize in payroll and withholding taxes, installment agreements, audit representation and Workers Compensation insurance audits. To schedule a free consultation call (212) 974-3435 or contact us online. 

Tuesday, February 19, 2019

BREAKING NEWS! Feb. 19. 2019: Brooklyn Tax Return Preparer Pleads Guilty to Stolen Identity Refund Fraud Scheme



A Brooklyn, New York, resident pleaded guilty on Friday to 42 counts of an indictment charging him with 18 counts of wire fraud, 22 counts of aggravated identity theft, one count of conspiring to commit aggravated identity theft, and one count of aiding and assisting the filing of a false tax return, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Richard P. Donoghue for the Eastern District of New York.
According to court documents, Bamgbala, the owner of Kaybamz Inc., a tax preparation business located in Brooklyn, New York, used stolen Social Security Numbers to file false tax returns with the Internal Revenue Service (IRS) to obtain fraudulent refunds.  The superseding indictment also alleges that Bamgbala and others conspired to deposit the unlawfully obtained tax refund checks into a specified bank account to obtain the cash value of those checks, and created fraudulent IRS forms and New York State identification documents to facilitate the scheme.
Bamgbala faces a mandatory minimum sentence of two years in prison for each count of aggravated identity theft, a maximum sentence of 20 years in prison for each count of wire fraud, a maximum sentence of five years in prison for each conspiracy count, and a maximum sentence of three years in prison for the aiding and assisting in the filing of a false tax return count. He also faces a period of supervised release, restitution, forfeiture and monetary penalties.
Principal Deputy Assistant Attorney General Zuckerman and U.S. Attorney Donoghue commended special agents of IRS Criminal Investigation, who conducted the investigation, and Trial Attorneys Mark McDonald and Eric Powers of the Tax Division, who are prosecuting the case.


Are You in Trouble with the IRS or State? To schedule a free, legally privileged consultation with a Federal Tax Practitioner and Attorney in our conveniently located New York City office call (212) 974-3435 or contact us online. *Same day and emergency appointments are available Monday through Friday. 

  Unpaid income, sales and payroll taxes. 
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Wednesday, February 13, 2019

David Selig is warning New Yorkers about a sophisticated new phishing scam called “Conversation Hijacking”

With tax season upon us David Selig is warning New Yorkers about a sophisticated new phishing scam called “Conversation Hijacking”. In a nutshell, internet scammers gain access your ongoing email conversations, and send the participants messages containing malicious links or attachments. It looks 100% legit says Selig. Victims click the link or open the attachment and Whammy! The scam is so pervasive that even Florida’s Attorney General Ashley Moody said: “As technology evolves, so do the methods scammers use to bypass security and trick users into compromising sensitive information. Conversation hijacking attacks are the latest trick being used to steal people’s identities and access their financial information. Floridians should remain cautious and avoid clicking on links or opening attachments that seem suspicious.” Agreed. 

The Straight Dope 

1.   Don’t share passwords or login credentials
2.   Change passwords frequently  
3.   Maintain a strong password that utilizes numbers and special characters and avoiding common words, birth dates, or other easily discernable terms 
4.   Don’t click on unsolicited links or download any unsolicited files without verbally verifying the authenticity with the sender through another means of communication, such as a phone call; and Ensure systems and devices are updated with the latest operating systems, security patches and antivirus software

Tuesday, February 5, 2019

Businesswoman Sentenced to Prison for Filing False Corporate Income Tax Return (she should have hired SELIG)


Marlene Seo was sentenced of February 1st2019 to one year and one day in prison for making and subscribing a false corporate income tax return, announced Principal Deputy Assistant Attorney Richard E. Zuckerman, head of the Justice Department’s Tax Division.
According to court documents, Seo owned and operated the National Martial Arts Academy (NMAA).  From 2011 through 2013, she directed that income due to NMAA to be deposited into certain bank accounts, which she did not disclose to her bookkeeper and accountants.  As a result, Seo caused the 2011, 2012 and 2013 federal corporate income tax returns for NMAA to underreport the business’s gross receipts by approximately $650,000. 
Seo pleaded guilty on October 29, 2018, to signing and filing NMAA’s false 2012 income tax return.  In addition to the prison term, Seo was ordered to serve one year of supervised release and to pay restitution to the Internal Revenue Service (IRS) in the amount of $238,350.70 and a special assessment of $100.
Principal Assistant Attorney General Zuckerman commended special agents of IRS-Criminal Investigation, who investigated the case, and Trial Attorneys Anahi Cortada and Lisa L. Bellamy of the Tax Division, who prosecuted the case.

Free Consultation with an experienced Federal Tax Practitioner and Attorney. Call (212) 974-3435 or contact us online. Don’t delay another day. Meet with us personally in our conveniently located New York City office.

Restaurants We specialize in unpaid sales taxes, installment agreements, audit representation and all Department of Labor issues. For immediate assistance call (212) 974-3435 or contact us online. 

Contractors We specialize in payroll and withholding taxes, installment agreements, audit representation and Workers Compensation insurance audits. To schedule a free consultation call (212) 974-3435 or contact us online. 

Businesses We settle and restructure business debts, including multiple MCAs, judgments and most insurance claims. To meet with us personally call (212) 974-3435 or contact us online. 
ount On Us. Guaranteed. 
    Same day and emergency appointments are always available.
    We negotiate excellent re-payment plans with the IRS and State.
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Friday, February 1, 2019

Grease Monkey Chiseled Boss Out of $1.4 Million. Files False Tax Return & Gets Sent Straight to the Big-House




Mechanic Sentenced to 36 Months for Embezzling Approximately $1.4 Million from his Employer and Filing a False Tax Return. A mechanic was sentenced to prison today for wire fraud and filing a false income tax return, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division, and U.S. Attorney R. Andrew Murray for the Western District.
 Albert Strong, 59, was sentenced to 36 months in prison by U.S. District Judge Robert J. Conrad, Jr. On April 12, 2018, Strong pleaded guilty to one count of wire fraud and one count of filing a false tax return for tax year 2013.
According to the documents filed with the court, Strong worked as a machinist/mechanic for a company at its Charlotte, North Carolina location. From 2008 to 2015, Strong embezzled funds from the company using a fraudulent purchasing and billing scheme. Strong created a purported parts vendor, and then caused the company to order fictitious parts from the vendor. As part of the scheme, Strong created false invoices and submitted them to the company for payment. In all, Strong embezzled approximately $1,488,000 from the victim company. Strong also failed to report the embezzled funds on his 2009 through 2015 tax returns, resulting in an approximate $450,000 tax loss.
 In addition to the term of imprisonment imposed, Strong was order to serve two of supervised release and to pay restitution in the amount of $1,941,377.32.
Principal Deputy Assistant Attorney General Zuckerman and U.S. Attorney Murray commended special agents of IRS-Criminal Investigation, U.S. Postal Inspection Service, and U.S. Secret Service, who conducted the investigation, and Assistant U.S. Attorney Taylor Phillips and Trial Attorney Mara Strier of the Tax Division, who prosecuted this case.

Free Consultation with an experienced Federal Tax Practitioner and Attorney. Call (212) 974-3435 or contact us online. Don’t delay another day. Meet with us personally in our conveniently located New York City office.

Restaurants Sales Taxes & DOL. We specialize in unpaid sales taxes, installment agreements, audit representation and all Department of Labor issues. For immediate assistance call (212) 974-3435 or contact us online. 

Contractors Payroll Taxes & Workers Comp. We specialize in payroll and withholding taxes, installment agreements, audit representation and Workers Compensation insurance audits. To schedule a free consultation call (212) 974-3435 or contact us online. 

Businesses In addition to our Federal and State Tax Practice, we also settle debts, judgments and most insurance claims. To meet with us personally call (212) 974-3435 or contact us online. 
 Count On Us. Guaranteed. 
    Same day and emergency appointments are always available.
    We negotiate excellent re-payment plans with the IRS and State.
    Missing tax returns prepared and filed within 48 hours, guaranteed. 

District Attorney Hoovler Announces Felony Charges Against Tax Preparer

Bronx Tax Preparer Created False Tax Returns for Orange County Residents Without their Knowledge   Orange County District Attorney Dav...