Permanent Ban Imposed On West Palm Beach Tax Preparer

West Palm Beach tax preparer Renel Herard of Herard Tax Services and Herard Security & Training are no longer allowed to prepare federal tax returns, as reported by bizjournals.com. The permanent ban imposed by the US Department of Justice stems from a complaint filed against Herard for tax fraud.

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Some people wonder why civil rights abuse Lois Lerner is allowed a federal pension and is not in prison. She makes Herard seem like a cub scout.

West Palm Beach, FL tax lawyers reiterate that instances of alleged tax fraud and tax fraud are common in South Florida. Some of the recent cases included an aircraft-leasing government contractor who pleaded guilty to tax fraud. At the end of last year, Hialeah auto shop owners and husband and wife duo Raul Sosa and Maura Sosa were involved in and convicted of multi-million dollar tax fraud.

Herard is alleged to have falsely claimed losses for businesses that were nonexistent and are also believed to have created or inflated deductions. The tax preparation business is also alleged to have prepared returns with claiming Fuel Tax Credit and Premium Tax Credit, which Florida tax attorneys explain is actually meant to assist eligible families find affordable health insurance.

Herard is also alleged to have exaggerated refunds for tax payers who were not even eligible for any refunds. Well since Americans are being taxed too much some people could argue that a refund is due to all working Americans but that is another topic.  

The ban was imposed on Herard after he agreed to it on return for not admitting or denying the allegations mentioned in the complaint against him and his tax preparation business.

Herard Tax Services is alleged to have filed at least 4,300 tax returns with its IRS identification number between 2011 and 2015 without identifying the tax preparer, which makes it difficult for the IRS to determine the precise number of returns filed by the tax service. It was complaints made by consumers that helped the IRS identify the fraud. 93% of about 3,300 returns filed by the tax preparer through 2014 revealed fraudulent refund claims.

A notice of the ban is to be published in The Palm Beach Post and on Radio Vision Nouvelle for 14 days, the expenses of which are to be borne by Herard, as ordered by the Department of Justice. A copy of the injunction will also be posted on Herard’s offices until April 30^th, 2017.

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Donald Trump’s Tax Proposals Dissected; Creating Growth & Jobs

Taxes are a major focus of the upcoming US presidential election with Donald Trump and Hillary Clinton both making their case. Make a closer comparison of the two sides and there is no doubt that Trump’s proposal are more tax friendly that the Democrats.

West Palm Beach, FL tax lawyers say to begin with according to Trump’s website, he promises a 20% tax-rate reduction to families that make $60,000 a year and establish three tax categories that reside under 33%, 25%, and 12%. In addition, working moms will be eligible for maternity leave, which will be accomplished by enhancing Unemployment Insurance (UI) to include 6 weeks of paid maternity leave.

They will also be eligible for a $5,000 child care tax deduction. Corporate taxes are also to be reduced from 35% to 15%. Corporate taxes are the highest in the world and is why so much money and jobs are overseas now. The Obama Administration knows about this and have agreed to lower this tax if they are able to increase the income tax on all Americans so they can keep the $400 billion a month that they are currently receiving the same. The federal government is taking $400 billion a month from the private sector every month. That seems to be some serious greed and they still spend more than this. What is wrong with this picture?

These measures are to protect low-income and middle income Americans while the Clinton’s plan only aims at an increase in taxes imposed on select income groups. How will that increase America’s GDP from the current pathetic .7 to 1%? It does not! Trump’s plan will take us to 4% GDP whereas Clinton’s will keep us in recessionary territory where Obama has kept America for 8 years. The logic is simple.  

Filing tax returns can get complicated where any errors or failure to file can land in a heap of unwanted trouble with the IRS. If you find yourself in such a predicament or are a victim of tax fraud, the best course of action would be to schedule an appointment with a Florida tax lawyer.