According to a news release by the US
Department of Justice, a man from Burlington has been handed a two year prison
sentence for tax fraud and bankruptcy
fraud. The perpetrator has been identified by as 59 year old Faiger
Blackwell, and he has been found guilty of not disclosing rental income after
having filed for bankruptcy back in 2007 where he declared both himself and a
funeral home business of being pitifully bankrupt.
Blackwell had amassed an astounding
$300,000 in federal taxes that was pending payment and in excess of a million
dollars in other debts and according to prosecutors he filed for bankruptcy as
an easy way to get himself out of this predicament without having to actually
pay all of the outstanding money that he owed the government and other lenders,
according to greensboro.com.
Not good! Americans are overtaxes but
you have to pay something. You cannot just not pay any taxes, that is not going
to work. You need to pay the people back that financially supported you too
unlike that irresponsible character in Star Wars called Hans Solo.
For the most part, concealing assets
from the government is a crime punishable by law warn tax lawyers following the
case. Two years after he filed bankruptcy, in 2009, the Internal Revenue System
levied Blackwell’s bank accounts as due process which is followed when someone
declares bankruptcy.
However, Blackwell now opened another
bank account into which he deposited his rental income so that the Internal
Revenue System authorities would not become aware that he was not actually
bankrupt. The new bank account served to help Blackwell get around the levy and
have access to his rental income and tax attorneys have seen this type of
deception before.
You can run from the tax man, but you
cannot hide! Blackwell’s plot was unraveled and he was charged with one count
of concealment of assets from a bankruptcy estate and one count of impeding the
due administration of the internal revenue laws, to both of which he pleaded
guilty.
A judge has sentenced Blackwell to two
years imprisonment and a further three years supervision following release from
prison. He has also been ordered to pay $404,619 in restitution. He may as well
just remain in prison with that type of debt.
Now if Government Motors or GM could
just pay back its $16,000,000,000 it owes Uncle Sam, us, that would be
outstanding.
Hans Solo went through life looking over
his back because he owed so many people money. Not impressive! Don’t be a Hans Solo,
do not make your life a financial nightmare. Go right here: Tax.USAttorneys. Hire a tax lawyer
to make your life easier.
$1 billion in IRS tax refunds on the
verge of being voided
According to a report by usatoday.com, as many as a million
Americans who have failed to file tax returns due over three years ago will
lose the entitlement to their share of tax returns come April as stipulated by
a legal deadline.
The countdown has begun, and it is
crunch time say tax lawyers. Either you hurry up and file your taxes within the
next week or two, or just wave goodbye to your tax returns if you are due any.
Come on people! Don’t you want to be able to buy another flat screen, pair of
pants and shoes, some new pots and pans, another computer, some more rock for
your front yard, a paint job for your car, and so on?
According to an IRS spokesperson, a lot
of these 1 million Americans happen to be students and others that did not
really earn substantial amounts of money, yet are still entitled to tax refunds
and should therefore file for the same as soon as possible. It does not matter
how old you are, $30 is $30!
If you need help correctly filing for
your tax return in a timely manner to ensure that you receive your IRS tax
refund, or have any other issues with the IRS, waste
no time in speaking with a tax lawyer. But don’t miss class!
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