A federal jury has reached a partial verdict in the Helio Castroneves tax evasion trial but Federal Judge Donald Graham isn’t saying much more than that. The jury has reached a decision on two charges but appears to be hung on the four other tax evasion counts and one conspiracy count. The Judge has asked…
If you’ve ever seen the cleverly produced “Whatever, Martha” – a show featuring Martha Stewart’s daughter, Alexis, and her friend, Jennifer Koppelman Hutt – reviewing old episodes of the Martha Stewart show, you know that Alexis does not want to become her mother. Unfortunately for Alexis, she, like her mother has had trouble with the…
Taxpayer asks: I have been cheating on my taxes for a number of years and I never got caught. This year I got a letter from the IRS that they are denying a bunch of my deductions unless I can prove that there real. I can’t. I’m worried because I have done this for longer…
Last month, the Internal Revenue Service (IRS) announced a new settlement program targeted at taxpayers with offshore accounts. As previously reported, IRS has become more aggressive in their efforts to identify taxpayers with offshore accounts who have not reported those accounts to the feds. Steep civil penalties apply and, in some cases, criminal charges could…
For years, it was believed that you had to be mega-rich to have accounts in exotic locations. Switzerland, for example, was the millionaire’s playground. Billions and billions of dollars were *allegedly* stashed in secret accounts, “safe” from the probing fingers of Uncle Sam. Along with Switzerland, countries such as Liechtenstein developed successful industries based on…
Apparently, it’s better to be naked on a beach in Borneo eating bugs than wearing orange in a prison cell in West Virginia… Richard Hatch, the first winner of Survivor has made yet another request to be released from prison. Hatch is currently serving just over four years in a West Virginia federal prison for…
Oh, when it rains, it pours. John P. Karoly, Jr., an attorney (perhaps not for long) out of Allentown, PA, has already been accused of faking his brother’s will. He now faces tax evasion charges. Karoly and his lawyer have, in response, accused the prosecution of misconduct, including allegedly inducing one of Karoly’s clients (yes,…
Oh, what would Biggie think? His former protege, Lil’ Kim (real name: Kimberly Denise Jones), has been trying to reinvent herself following a stint in federal prison in 2005. Kim was found guilty of conspiracy and perjury for lying to a grand jury about a 2001 shooting outside the Hot 97 studios in Manhattan and…
We have a winner! See comments! Our next tax trivia question is: In the midst of all of the current “politicians not paying their taxes” scandals, we forget that other high profile politicians have also been accused of tax evasion. So, a two parter (if you know the answer to both, please guess only once…
On the day that the new season of “Dancing With the Stars” debuts, the former DWTS champ did some fancy footwork of his own in his first day of court. Helio Castroneves and his sister Katiucia Castroneves, together with their lawyer, Alan Miller, faced prosecutors on the first day of a federal tax trial alleging…