Cops Arrest Woman Claiming $5 Million in Bogus Earnings from Fictitious Company ("Yikes!") Claims Phony $40,000 Tax Refund from New York State

Tax Accountant and Attorney Serious tax problems deserve serious attention. Selig & Associates provides the most aggressive tax representation allowed by law. We meet with each and every client personally. We specialize in unpaid income, sales and payroll taxes. We settle contested tax audits; negotiate excellent payment plans, compromise tax debts and resolve all civil and criminal tax issues, including suspended NYS Drivers Licenses, innocent spouse relief and separation of liability. For immediate assistance call (212) 974-3435 or contact us Online. 

Defendant sought nearly $40,000 refund from New York State Tax Department The New York State Department of Taxation and Finance and the Erie County District Attorney’s Office announced the indictment of Stephanie Izevbizua. She was arrested on March 1, 2019 after she arrived in person to pick up a $39,170 refund check, which Tax Department investigators believe she claimed using phony information.

On April 25, 2019, 34-year-old Stephanie Izevbizua was arraigned before State Supreme Court Justice Russell P. Buscaglia on the following felony charges: one count of Attempted Criminal Tax Fraud in the Third Degree, one count of Attempted Grand Larceny in the Third Degree, and one count of Offering a False Instrument for Filing in the First Degree.

In March 2018, Izevbizua, the owner and reportedly sole New York-based employee of Web Debt Solutions, an apparently fake company with no record of any business in New York State, allegedly filed a personal income tax return claiming wage earnings of $7,500. On this initial tax return, Izevbizua allegedly requested an $878 refund.

Several weeks later, Izevbizua allegedly filed an amended tax return claiming wages in excess of $5 million from Web Debt Solutions. This amended return noted nearly $515,000 in withholding and requested a refund.  After submitting other amended returns, she fraudulently requested a refund of approximately $39,000.

“These blatant acts of fraud are a detriment to local communities statewide and must never be tolerated,” said John Harford, head of the New York State Tax Department’s Criminal Investigations Division. “The patience and persistence of our tax investigators is commendable as this defendant tried repeatedly to deprive honest taxpayers of their tax dollars used for essential public programs and services. We’ll continue to work directly with Erie County District Attorney John Flynn, and all levels of law enforcement, to ensure tax cheats are held accountable.”

 “I commend the New York State Department of Taxation and Finance for their work in the investigation and for bringing this matter to my office,” said Erie County District Attorney John J. Flynn. “My office will continue to prosecute those who attempt to profit at the expense of New York State taxpayers to the fullest extent of the law.”

Izevbizua is currently being held on $100,000 bail. She is scheduled to return to State Supreme Court in Buffalo on Tuesday, June 18, 2019 at 9:30 a.m.

The defendant is presumed innocent until proven guilty in a court of law.

Tax Evasion Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation) imprisoned not more than 5 years or both, together with the costs of prosecution. 26 U.S. Code Section 7201. For immediate assistance with this or any other tax matter, call (212) 974-3435 or contact us Online.  

Suspended NYS Drivers License If your drivers license has been suspended for unpaid taxes, we can help. New York State can suspend your drivers license if you owe $10,000 or more in taxes, penalties and interest. New York Tax Law Section 171-v. 

Failure to File Tax Returns  If you haven’t filed a tax return for one or more years, we can help. Under federal law failure to file a tax return is usually treated as a misdemeanor, IRC §7203. However in more egregious cases, willful failure to file a tax return may be elevated to a felony, IRC §7201. Additionally, under New York State Tax Law Section 1801(a)(1) willful failure to file a tax return may now be prosecuted as a felony.  For immediate assistance call us directly at (212) 974-3435. 

Commercial Insurance We assist businesses, nightclubs, schools and religious institutions with their specialty insurance needs, including: Active Shooter and Workplace Violence Insurance Protection; Cyber Insurance, Sexual Harassment and Employment Practices Liability Insurance. For more information call us directly at (212) 974-3435. 

Property Damage We settle property damage claims, including business interruption, burglary, fire, windstorm and water damage. To discuss your insurance claim with a Public Adjuster and Attorney call (212) 974-3435 today. 

New York City Tax Accountant and Tax Attorney Our New York City offices are conveniently located and easily accessible by car, train and subway. *Our civil and criminal tax consultations are confidential and legally privileged. Same day and emergency appointments may be scheduled Monday through Friday. For immediate assistance call (212) 974-3435 or contact us Online. 

Restaurant Tax Accountant and Tax Attorney We negotiate excellent installment agreements and provide restaurant owners with effective sales tax and audit representation, including unfiled tax returns and all Department of Labor issues. For a no-obligation consultation call us directly at (212) 974-3435 or contact us Online.

Business Tax Accountant and Tax Attorney We negotiate affordable repayment plans and provide our business clients with effective payroll tax and audit representation, obtaining government contracts with a tax lien, compliance checks, missing tax returns and Workers Compensation audits. For immediate assistance call (212) 974-3435 or contact us Online. 

Precious Metals Broker in Brooklyn Sentenced to Prison for Tax Evasion - He should have hired SELIG & Associates)

The Winning Team

A resident of Dania Beach, Florida, was sentenced to prison today for evading income tax and aiding and assisting the preparation of false tax returns, announced Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division. Christopher Wolf was sentenced to 24 months in prison by U.S. District Court Judge Raymond J. Dearie.  On October 4, 2018, following a trial in the U.S. District Court for the Eastern District of New York, a federal jury convicted Wolf of two counts of tax evasion and two counts of aiding and assisting the preparation of false tax returns. According to court documents and evidence presented at trial, in 2010 and 2011, Christopher Wolf operated Rothchild & Associates LLC (“Rothchild”), in Brooklyn, New York. Rothchild was in the business of selling precious metals to investors over the telephone.  Although Wolf controlled all aspects of Rothchild’s operations, it was technically owned by a third party.  Wolf concealed the income he earned from Rothchild by instructing the third party owner to pay Wolf’s commissions to two shell corporations. Wolf filed a false 2010 individual income tax return that did not report any of the commissions he earned selling precious metals.  For 2011, he did not file an individual tax return.  He also caused corporate income tax returns to be filed for the companies where he deposited his commissions, but included phony deductions on those returns to avoid paying the taxes he owed. Wolf’s conduct caused a tax loss of approximately $240,000 to the Internal Revenue Service (IRS).In 2000, in an unrelated case, Wolf was convicted of securities fraud, money laundering, and conspiracy to commit wire fraud and was sentenced to prison for over ten years. In addition to the term of imprisonment imposed, U.S. District Court Judge Dearie ordered Wolf to serve three years of supervised release and to pay $237,550 in restitution. Acting Deputy Assistant Attorney General Goldberg thanked special agents of IRS-Criminal Investigation, who conducted the investigation, and Trial Attorneys Sean Green and Mark Kotila of the Tax Division, who prosecuted the case.

New York City Tax Accountant and Tax Attorney Our New York City offices are conveniently located and easily accessible by car, train and subway. *Our civil and criminal tax consultations are confidential and legally privileged. Same day and emergency appointments may be scheduled Monday through Friday. For immediate assistance call (212) 974-3435 or contact us online. 

Restaurant Tax Accountant and Tax Attorney We negotiate excellent installment agreements and provide restaurant owners with effective sales tax and audit representation, including unfiled tax returns and all Department of Labor issues. For a no-obligation consultation call us directly at (212) 974-3435 or contact us online.

Business Tax Accountant and Tax Attorney We negotiate affordable repayment plans and provide our business clients with effective payroll tax and audit representation, obtaining government contracts with a tax lien, compliance checks, missing tax returns and Workers Compensation audits. For immediate assistance call (212) 974-3435 or contact us online. 

Commercial Insurance Consultant and Attorney We assist businesses, nightclubs, schools and religious institutions with their specialty insurance needs, including: Active Shooter and Workplace Violence Insurance Protection; Cyber Insurance, Sexual Harassment and Employment Practices Liability Insurance. For more information call us directly at (212) 974-3435. 

Property Insurance Claims We settle property damage claims, including business interruption, burglary, fire, windstorm and water damage. To discuss your insurance claim with a Public Adjuster and Attorney call (212) 974-3435 today. 

Tax Representation and Marijuana

The Hells Angels chapter of the province of Quebec has filed a lawsuit against the attorney general of Quebec, seeking more than $2 billion in potential loss of revenue that legalization of marijuana will cost the biker organization.

The illegal production and consumption of non-medical cannabis was worth about $400 million last year in the province of Quebec alone, according to a Statistics Canada analysis of the underground economy.

“We estimate that Prime minister Justin Trudeau’s radical action of legalizing marijuana could cost my client’s organization a potential loss of $2 billion dollars in the next decade,” acknowledged Hells Angels’ lawyer, Brandon Tuggs.

“From growing operations to trimming, packaging, transportation, and selling, this new legislation will threaten the livelihood of hundreds of thousands of Canadian workers” he warns.

Prime minister Justin Trudeau’s nationwide legalization of marijuana on October 17 has enraged members of the Quebec chapter of the Hells Angels who believe legalization could destroy “hundreds of thousands of Canadian jobs”

“Many members of our organization fear they will lose their way of life if legalization is sustained,” said Quebec Hells Angels’ spokesman, Jean-Roch Fournier.

“I’ve been selling weed since I’m 12 years old” admits Gino Ouellet, 56, a Hells Angels member for the past 36 years.

“Do you think I’m going to want to go work at Walmart or McDonald’s at minimal wage? I don’t think so” he told reporters.

“Who’s going to want to give me a job? I’ve got tattoos all over my body and all over my face” asks another HA member, Gaetan ‘Lucky 3’ Leclerc, condemned in 1977 for triple homicide.

“It’s not the job of the federal government to regulate illegal drugs, they should take care of their own business and leave that to us” he argues.

Canada is the first country among developed nations to legalize marijuana.

In the United States, a number of states have currently legalized or decriminalized marijuana, but it is still illegal at the federal level.

New York City Tax Accountant and Tax Attorney Consult with an experienced Tax Accountant and Tax Attorney today. Our New York City offices are conveniently located and easily accessible by car, train and subway. Civil and criminal tax consultations are confidential and legally privileged. Same day and emergency appointments may be scheduled Monday through Friday. For immediate assistance call (212) 974-3435 or contact us online. 

Restaurant Tax Accountant and Tax Attorney We negotiate excellent installment agreements and provide restaurants with effective sales tax and audit representation, including unfiled tax returns and all Department of Labor issues. For a no-obligation consultation call us directly at (212) 974-3435 or contact us online.

Business Tax Accountant and Tax Attorney We negotiate affordable repayment plans and provide our business clients with effective payroll tax and audit representation, obtaining government contracts with a tax lien, compliance checks, missing tax returns and Workers Compensation audits. For immediate assistance call (212) 974-3435 or contact us online. 

Commercial Insurance Consultant and Attorney We assist businesses, nightclubs, schools and religious institutions with their specialty insurance needs including: Active Shooter and Workplace Violence Insurance Protection; Cyber Insurance, Sexual Harassment and Employment Practices Liability Insurance. For more information call us directly at (212) 974-3435. 

Property Insurance Claims We settle large property insurance claims, including business interruption, burglary, fire, windstorm and water damage for top dollar. To discuss your insurance claim with a Public Adjuster and Attorney call (212) 974-3435 today. 

Just the Facts: Felony Charges in Criminal Tax - Attempt to Evade or Defeat Tax (26 U.S.C §7201)

Tax evasion is when a taxpayer willfully (meaning voluntarily and intentionally) uses illegal means to avoid paying their taxes. This charge can apply to an individual or corporation and carries a punishment of up to $100,000 in fines ($500,000 for a corporation), or five years of imprisonment, or both. Examples of tax evasion include claiming a dependent when you do not have one, keeping two sets of books with unreported income, or concealing assets by placing them in someone else’s name. The statute of limitations for tax evasion is six years from the last act of evasion. It is important to note that while criminal tax evasion is a felony, this is different than failing to file your tax returns.

Fraud and false statements (26 U.S.C. §7206 part 1)

When a taxpayer signs their tax returns or other documents under penalty of perjury they are attesting to the fact that they have examined the return or documents and all accompanying schedules and attachments, and to the best of the their knowledge and belief, it is true, correct, and complete. Therefore, anyone submitting a tax return or other document that they know to be false can be found guilty of a false statement tax crime. Every false document that is signed by the taxpayer could result in a separate count of the offense and each count is a felony that carries a maximum three (3) year prison sentence and a fine of up to two hundred and fifty thousand dollars ($250,000 USD). In order for the government to secure a conviction, they must prove beyond a reasonable doubt that:

There is at least one incorrect item, the misstatement was material, AND the taxpayer signed the false document willfully.
Examples of Perjury include:

1. Underreporting income on your tax return
2. Overstating deductions
3. Improperly calculating capital expenditures and depreciation deductions
4. Reporting a false source of income, even though the amount was correct
5. Giving a false answer on the foreign bank account question on the tax return
6. Failing to list all assets on a 433-a
7. Providing false information on form 656
Aiding or assisting the planning of a false or fraudulent document (26 U.S.C. §7206 part 2)

In addition to perjury, any person who willfully aids or assists in, counsels, or advises the planning of a tax return or other IRS document that is fraudulent or false as to any material matter can be found guilty of the aiding and abetting prong of the statute. This is a three year felony that carries a maximum three (3) year prison sentence and a fine of up to two hundred and fifty thousand dollars ($250,000 USD). An individual does not need to sign the document in question to be found guilty of this crime and this statute is often is used to catch tax planners, accountants, or lawyers who help taxpayers cheat on their taxes. This happens when a tax planner and a taxpayer work together in agreement to plan a false tax return, or when a tax planner falsifies a taxpayer’s documents and that taxpayer is unaware of the falsifications. In these cases, the tax planner will be prosecuted heavily because they likely have done this with other taxpayers.

Willful failure to collect or pay over taxes (26 U.S.C §7202)

This pertains to any person with a legal duty to collect tax and willfully fails to collect or pay these taxes owed. This will often apply to a taxpayer who owns a business and does not pay their payroll taxes.

Laundering of monetary instruments (18 U.S.C. §1956)

This charge will be brought against anyone who attempts to make money which was obtained through an illegal act, look legitimate. For example, if a taxpayer makes money as a drug dealer but funnels that money through a business bank account owned by this same taxpayer, then withdrawals that money to pay his employees, this is considered money laundering. Money laundering can also be any financial transaction whose principal purpose is violating laws, including tax evasion or making false statements to the IRS. This felony carries a prison sentence of not more than 20 years.

False, fictitious, or fraudulent claims (18 U.S.C. §287)

If you make a false claim to the government on your taxes, especially in order to receive a refund, you may be charged with a felony.

Attempts to interfere with administration of internal revenue laws (26 U.S.C §7212)

Any attempt to interfere with the administration of the laws set in place by the IRS, or any agent acting under the U.S. tax code. For example, if a taxpayer sends a letter to a revenue agent threatening them, that is considered obstruction.

Conspiracy to commit offense or to defraud United States (18 U.S.C. §371)

This involves two people who knowingly or voluntarily agree to either commit a tax offense or to defraud the government out of tax money.

Misdemeanor charges in criminal tax

Willful Failure to file a return, supply information, or pay a tax (26 U.S.C. §7203)

Any person who is required to file a tax return or pay a tax due and willfully fails to do either of these things may face misdemeanor charges. Generally there are two types of non-filers: those who filed in the past and have since stopped, or those who are in protest of tax laws. If you have filed your tax returns previously and then stop, the IRS will likely prosecute. If you are protesting tax due, you will likely only face a misdemeanor, as long as there is not a large amount of press surrounding your protest and you are not acting aggressively and the dollar amount is very little.

Offenses with respect to collected taxes (26 U.S.C. §7215)

This pertains to any person who willfully delivers or discloses a document they know to be false or fraudulent. For example, if a taxpayer is undergoing an audit and provides a false document to the auditor, they are subject to being charged with a misdemeanor.

Selig recommends Attorney Eddie Marcowitz "The Marcowitz Law Firm is the BOMB!"

THE MARCOWITZ LAW FIRM GIVES BACK We here at the Marcowitz Law Firm are honored to represent America’s Heroes. We never lose sight of the tremendous sacrifice and effort our clients have made for our City and Country. Eddie has participated in many pro bono Campaigns over the years. After 9/11, Eddie was honored to be a part of “Trial Lawyers Care” which was created by The American Trial Lawyers Association to provide pro bono legal services to victims of the attacks. Furthermore, Eddie spearheaded one of the single largest pro bono efforts in history and helped recover over $280 Million Dollars for WTC Victims. In 2007, his pro bono success continued with his unprecedented victory against the FDNY Pension Board was chronicled in the New York Law Journal, The New York Daily News and The Chief-Leader. Today, the Firm continues to provide pro bono pension counseling to members of the FDNY. In fact, this past year he assisted in the reclassification of a WTC Cancer claim which had been denied and considered a losing battle by others in the field. Eddie would rather go down bloodied and battered than not fight at all. Additionally, Eddie and his Firm proudly sponsors several great charities and events each year which are important to us and our clients. These include St. Jude’s Children’s Hospital, Wounded Warriors, The Ray Pfeifer Annual Golf Outing, The NJFMBA Annual Cooked & Uncorked Event, The Marc Virag Foundation Annual Fishing Trip and the Millburn Fire Department Golf Classic to Benefit the Children of the Arthur C. Luf Children’s Burn Camp. 9/11 VICTIM COMPENSATION FUND REAUTHORIZATION UPDATE As we all know, the Special Master was forced to make drastic cuts to benefits this past February. Immediately thereafter, the Bi-Partisan Bill to Reauthorize the Victims Compensation Fund was introduced into both chambers of Congress. As of today, there are 237 Co-Sponsors of the Bill in the House and 33 in the Senate. The lobbyists are hopeful that they will have the bill out of the House with 300 Co-Sponsors by the end of June, get it passed in the Senate by Summer and possibly signed into law by October. BUT IS NOT GOING TO BE EASY. They need your help in keeping the pressure on those in Congress who have not yet come on board. If you have any family members who live out of the Tri State Area, please have them contact their representatives and demand that they support the “Never Forget the Heroes: Permanent Authorization of the September 11th Victim Compensation Fund Act (S 546 / HR 1327) . Forward this link to out of state family and friends. http://www.renew911health.org/take-action/take-action-contact-your-members-of-congress/ THE NYS CHILD VICTIM ACT IS NOT JUST FOR VICTIMS OF CLERGY ABUSE THE BOY SCOUTS, ROCKEFELLER UNIVERSITY, POLY PREP, YESHIVA AND ALL OTHER PUBLIC AND PRIVATE INSTITUTIONS ARE ALSO SUBJECT TO CLAIMS This law allows victims who were sexually abused when they were children to seek civil damages against their abusers until the age of 55. FURTHERMORE, AND MORE IMPORTANTLY, the new law has opened a WINDOW for anyone to bring a claim within a limited time frame even though they have passed the age of 55. That window will be between AUGUST 14, 2019 through AUGUST 14, 2020. SIMPLY PUT, IF YOU WERE THE VICTIM OF A SEXUAL ASSAULT IN NEW YORK, REGARDLESS OF HOW MUCH TIME HAS SINCE PASSED (OR DUE TO ANY INVOLVEMENT OR RELATION WITH A PRIVATE OR PUBLIC NEW YORK INSTITUTION) YOU NOW HAVE THE RIGHT TO FILE A CLAIM. If you are a survivor or sexual assault and would like a free consultation, please contact us today. All calls and claims are handled with the utmost confidentiality and discretion. The identities of victims will not be made matter of public record and are subject to Attorney-Client Privilege. HAVE A GREAT SPRING AND AS ALWAYS IF YOU HAVE ANY QUESTIONS ABOUT THESE ISSUES, OR ANY OTHER LEGAL ISSUES, FEEL FREE TO CALL US ANYTIME!

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Selig & Associates

It all adds up 

New York City Tax Accountant and Tax Attorney Consult with an experienced Tax Accountant and Tax Attorney today. Our New York City offices are conveniently located and easily accessible by car, train and subway. Civil and criminal tax consultations are confidential and legally privileged. Same day and emergency appointments may be scheduled Monday through Friday. For immediate assistance call (212) 974-3435 or contact us online. 

Restaurant Tax Accountant and Tax Attorney We negotiate excellent installment agreements and provide restaurant owners with effective sales tax and audit representation, including unfiled tax returns and all Department of Labor issues. For a confidential consultation call us directly at (212) 974-3435 or contact us online.

Business Tax Accountant and Tax Attorney We negotiate affordable repayment plans and provide our business clients with effective payroll tax and audit representation, obtaining government contracts with a tax lien, compliance checks, missing tax returns and Workers Compensation audits. For immediate assistance call (212) 974-3435 or contact us online. 

Commercial Insurance Consultant and Attorney We assist businesses, nightclubs, schools and religious institutions with their specialty insurance needs including: Active Shooter and Workplace Violence Insurance Protection; Cyber Insurance, Sexual Harassment and Employment Practices Liability Insurance. For more information call us directly at (212) 974-3435. 

Property Insurance Claims We settle large property insurance claims, including business interruption, burglary, fire, windstorm and water damage for top dollar. To discuss your insurance claim with a Public Adjuster and Attorney call (212) 974-3435. 

Risk Management Servicesincluding: Risk Analysis, Contract Review, Loss Prevention Recommendations, Non-Insurance Alternatives, Claims and Coverage Dispute Analysis. For immediate assistance call (212) 974-3435. 

Doctor Pleads Guilty To Obstructing The IRS

A medical doctor pleaded guilty to corruptly obstructing the due administration of the internal revenue laws yesterday, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and United States Attorney for the Middle District of North Carolina Matthew G.T. Martin.

According to court documents, Dr. Joseph Jacob Hummel purchased the home of an acquaintance, only to be repaid for the purchase a short time later.  When Special Agents with Internal Revenue Service-Criminal Investigation (IRS) interviewed Dr. Hummel about this real estate transaction, he falsely stated that he rented the property to the original owner and then sent the agents a sham lease, supporting this statement.  

Hummel faces a maximum sentence of three years in prison.  He also faces a period of supervised release and monetary penalties. Sentencing is scheduled for March 26, 2019.

New York City Tax Accountant and Tax Attorney Consult with an experienced Tax Accountant and Tax Attorney today. Our New York City offices are conveniently located and easily accessible by car, train and subway. Civil and criminal tax consultations are confidential and legally privileged. Same day and emergency appointments may be scheduled Monday through Friday. For immediate assistance call (212) 974-3435 or contact us online. 

Restaurant Tax Accountant and Tax Attorney We negotiate excellent installment agreements and provide restaurants with effective sales tax and audit representation, including unfiled tax returns and all Department of Labor issues. For a no-obligation consultation call us directly at (212) 974-3435 or contact us online.

Business Tax Accountant and Tax Attorney We negotiate affordable repayment plans and provide our business clients with effective payroll tax and audit representation, obtaining government contracts with a tax lien, compliance checks, missing tax returns and Workers Compensation audits. For immediate assistance call (212) 974-3435 or contact us online. 

Commercial Insurance Consultant and Attorney We assist businesses, nightclubs, schools and religious institutions with their specialty insurance needs including: Active Shooter and Workplace Violence Insurance Protection; Cyber Insurance, Sexual Harassment and Employment Practices Liability Insurance. For more information call us directly at (212) 974-3435. 

Property Insurance Claims We settle large property insurance claims, including business interruption, burglary, fire, windstorm and water damage for top dollar. To discuss your insurance claim with a Public Adjuster and Attorney call (212) 974-3435 today. 

Doctor Sentenced to Prison for Tax Evasion and Disability Fraud (NOT SMART)

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He Evaded Paying Taxes on Over $1.6 Million in Income While Claiming to be Disabled. A South Florida doctor residing in Hobe Sound, Florida, was sentenced to 51 months in prison yesterday for tax evasion, wire fraud, and Social Security disability fraud, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Ariana Fajardo Orshan for the Southern District of Florida.According to court documents and information provided to the court, Arthur John Kranz was a doctor specializing in psychiatry. Beginning in 2002, Kranz made a claim on his private disability policy that he was unable to work, and began receiving disability payments from his insurance company. In December 2003, Kranz submitted an application to the Social Security Administration (SSA) for disability benefits The SSA approved his application. Kranz then began receiving SSA disability payments, in addition to the private disability insurance payments. Because of the disability payments, Kranz was required to notify his insurance company and the SSA if he returned to work. From January 2006 to March 2013, Kranz worked as a psychiatrist at a hospital in Pennsylvania and earned over $1.6 million in income. Kranz did not report his employment to either the SSA or his insurance company. Rather, in order to continue collecting disability benefits, Kranz took steps to conceal his income from the insurance company, the SSA, and the Internal Revenue Service (IRS). He directed that his income be paid to nominee individuals and sham corporations he had created to receive his payments. Kranz also filed false personal tax returns that did not report the income from his work as a psychiatrist, and provided fraudulent documentation to his insurance company that falsely stated that he was not working. In addition to the term of imprisonment imposed, Kranz was order to serve three years of supervised release and pay restitution of $1,013,284.

New York City Tax Accountant and Tax Attorney Discuss your tax problem with an experienced Tax Accountant and Attorney today. Our civil and criminal tax consultations are confidential and legally privileged. Same day and emergency appointments may be scheduled Monday through Friday. Our New York City offices are conveniently located and easily accessible by car, train and subway. For immediate assistance call (212) 974-3435 or contact us online. 

Restaurant Sales Tax Accountant and Tax Attorney We negotiate excellent installment agreements and provide restaurants with effective audit representation, including unfiled tax returns and all Department of Labor issues. For a no-obligation consultation call us directly at (212) 974-3435 or contact us online.

Business Payroll Tax Accountant and Tax Attorney We negotiate affordable repayment plans and provide our business clients with effective audit representation, obtaining government contracts with a tax lien, compliance checks, missing tax returns and Workers Compensation audits. For immediate assistance call (212) 974-3435 or contact us online. 

Commercial Insurance Consultant and Attorney We assist businesses, nightclubs, schools and religious institutions with their specialty insurance needs including: Active Shooter and Workplace Violence Insurance Protection; Cyber Insurance, Sexual Harassment and Employment Practices Liability Insurance. For more information call us directly at (212) 974-3435. 

Property Insurance Claims We settle commercial property insurance claims, including business interruption, burglary, fire, windstorm and water damage for top dollar. To discuss your insurance claim with a Public Adjuster and Attorney call (212) 974-3435 today. 

The Smartest Guys in the Room – TRUE TAX HELP is just a telephone call away

Tax Tip of the Day IRC Section 6707(a) imposes a penalty for failing to include on any return or statement any information about a reportable transaction that is required to be included with the return or statement. Reportable transactions are ones that the IRS has determined have a potential for tax avoidance or evasion. Sec. 6707(a) also prescribes a heightened penalty for listed transactions, which are reportable transactions that are the same as, or substantially similar to, certain transactions the IRS has identified as tax avoidance transactions. Moreover, Sec. 6707A(e) imposes a penalty for failure to disclose in required periodic reports to the SEC any penalty under Sec. 6707(a) a person is required to pay for a listed transaction; any penalty a person is required to pay under Sec. 6662(a) viz. accuracy-related penalty on understatement of tax  for a reportable transaction; and any penalty under Sec. 6662(h) (increase in accuracy-related penalty in case of gross-valuation misstatements) for a reportable transaction.

New York City Tax Accountant and Tax Attorney Discuss your tax problem with an experienced Tax Accountant and Attorney today. Our civil and criminal tax consultations are confidential and legally privileged. Same day and emergency appointments may be scheduled Monday through Friday. Our New York City offices are conveniently located and easily accessible by car, train and subway. For immediate assistance call (212) 974-3435 or contact us online. 

Restaurant Sales Tax Accountant and Tax Attorney We negotiate excellent installment agreements and provide restaurants with effective audit representation, including unfiled tax returns and all Department of Labor issues. For a no-obligation consultation call us directly at (212) 974-3435 or contact us online.

Business Payroll Tax Accountant and Tax Attorney We negotiate affordable repayment plans and provide our business clients with effective audit representation, obtaining government contracts with a tax lien, compliance checks, missing tax returns and Workers Compensation audits. For immediate assistance call (212) 974-3435 or contact us online. 

Commercial Insurance Consultant and Attorney We assist businesses, nightclubs, schools and religious institutions with their specialty insurance needs including: Active Shooter and Workplace Violence Insurance Protection; Cyber Insurance, Sexual Harassment and Employment Practices Liability Insurance. For more information call us directly at (212) 974-3435. 

Property Insurance Claims We settle commercial property insurance claims, including business interruption, burglary, fire, windstorm and water damage for top dollar. To discuss your insurance claim with a Public Adjuster and Attorney call (212) 974-3435 today.