Bruce Vielmetti Milwaukee Journal Sentinel Published 3:06 p.m. UTC Aug 22, 2018 Federal prosecutors have sued to take a $775,000 Chicago house from a Milwaukee man they say bought it with money he defrauded from the IRS. From court records, it appears it was pretty easy. The IRS sent a $3.5 million income tax refund check to an estate in the man's name after getting a sketchy tax return that seemed to merit the large refund. The civil forfeiture action against 4512 S. Drexel Blvd. blames Francis Burns for the scam, though he has not been charged with a crime in Wisconsin. According to IRS special agent Park Jones' affidavit in support of the civil forfeiture, the house was titled in 2017 to World Burns Inc., a Wisconsin corporation that lists Francis Burns as its registered agent. A website for World Burns Inc. says it was established in 2010 for the "charitable, educational and civic purposes to enhance and enrich the local communities of Milwaukee; stimulating … [Read more...] about IRS says Milwaukee nonprofit operator scammed government out of $3.5 million. Now they want to seize his house.
Robert Beale's world is in collapse. Not so very long ago, he had a wife, a family and substantial wealth. He was a leader of his church and a successful business executive. Then he decided he had the legal right to stop paying his taxes. Now Beale wears the orange jumpsuit of a jail inmate, back in custody after 14 months as a fugitive. His wife has divorced him and seized his assets. His son has ousted him from the Maple Grove computer firm Beale founded. He spends his days in a jail cell, preparing for a trial that could send him to federal prison for a decade or more for tax evasion and unlawful flight. "The hardest part is thinking about family and friends on the outside," said Beale, 64. "Emotionally, it's horrible ..." Feed Loader, Dml - Robert Beale's booking mug Beale said: "In hindsight, I believe I was not wise. I'm sorry I even took this mission. ... I was very naive." Regrets taking on IRS Beale got involved in the tax protest movement years ago. He failed to show up … [Read more...] about Dec. 30, 2007: Ex-CEO regrets ‘mission’ to take on IRS
August 20, 2018 By Dar Danielson The Internal Revenue Service is again asking you to make sure the right amount of taxes are being taken out of your paycheck. IRS spokesman, Chris Miller, says it’s important to look at the numbers now. “Time is running out for taxpayers to do a paycheck checkup. To check their withholding yet this year — to make sure the right amount of tax is being withheld from their paycheck for their situation,” Miller says. Miller says if you find a problem, there are still a few months to adjust your withholding amount to fix it. “Doing a paycheck checkup now is going to help those taxpayers avoid a potential unwelcome surprise at tax time,” according to Miller. “And that could be an unexpected tax bill and a penalty. Or it could be a refund that’s unnecessarily large.” He says it’s better for you to not get a big refund, because you can use that money throughout the year. Miller says they … [Read more...] about IRS reminding you again to review your paycheck witholding
By Staff report | PUBLISHED: August 20, 2018 at 8:00 am | UPDATED: August 20, 2018 at 8:01 am The IRS is recommending taxpayers do a paycheck checkup midyear to make sure new tax laws won’t land them with a big bill come spring 2019. (Dreamstime/TNS) Andrea Kowalski is vice president of product at Irvine-based Kareo, a cloud-based clinical and business management software company. SoundThe gallery will resume insecondsKyle Ryan is the new chief technology officer at Irvine-based Kareo, a cloud-based clinical and business management software company. Reuben Camper Cahn has joined Keller/Anderle LLP in Irvine as a partner. Cahn has defended a wide range of matters, involving tax, public corruption, fraud, money laundering, RICO, Continuing Criminal Enterprise prosecutions and virtually every other type of white-collar case. Steve Gostin has joined the Board of Directors of nonprofit Project Independence of Costa Mesa. Gostin has managed multi-million dollar operations … [Read more...] about Status Update: Check your paystubs, avoid an IRS ouch; Kareo hires 2 execs
The new Tax Cuts and Jobs Act gives taxpayers something to cheer about, thanks to lower tax rates on more of their income, a nearly doubling of the standard deduction and higher tax credits for families with children. But some taxpayers could find themselves owing the IRS if they don't adjust their tax withholding. The IRS is urging all taxpayers to do some planning now, so you won't have sticker shock when you file your 2018 tax returns. One recommended tool is the free Withholding Calculator on the IRS website, which will allow you to perform a "paycheck checkup" to make sure you are withholding the right amount of federal tax from your paycheck. The Withholding Calculator will ask you to enter estimated values for your income in 2018, the number of children you would claim (to estimate the new and expanded Child Tax Credit and Earned Income Tax Credit) and the amount that was recently withheld for federal tax on your last paycheck. It only takes a few minutes and all … [Read more...] about 5 people who need a “paycheck checkup” to avoid an IRS bill