Return to flip book view

Jesus Zach Abikarram May 2023 Volume 97 Number 97 Freedom Tax Resolution Times Read About Taxpayers with IRS Problems Find Out How to Solve Them Restaurant Owner Skims Cash Faces 27 Years Blames His Gambling Habit INSIDE THIS ISSUE Restaurant Owner Skims Cash Faces 27Years Blames his Gambling Habit 1 Contractor Pockets a Million in Payroll Taxes Goes Directly to Jail Page 1 Attorney For Disabled Commits Tax Fraud Professional License Disabled Page 2 Schemer Falsely Claiming to be CPA Steals Money From Hundreds of Clients Page 2 Thank You Page 2 Driven to Steal Luxury Car Exporter Hides 18 Million Dollars Page 3 Remodeler Contractor Underreports Income by 1 9 Million Dollars Gets Sent to the Big House Page 3 Client of the Month Page 3 Did You Know Page 4 Trivia Contest Page 4 IRS Question Answered Page 4 Every culture has some ritual for joining two people and making them stay that way Ours is giving tax breaks Bauvard Stephen G Genakos the sole owner of the Sportsmans Grille in Virginia was indicted on nine counts of tax fraud for allegedly skimming over 670 000 in cash from the restaurant beginning in 2016 He is accused of depositing more than 112 000 of the skimmed cash into his personal bank accounts and gambling over 502 000 with the Virginia Lottery In 2020 Genakos listed the Sportsmans Grille for sale and a year later was contacted by undercover IRS agents During a conversation with the agents Genakos made jokes about his magic book and eventually provided the agents with the true books and records of the restaurant Genakos filed nine false tax returns for himself and his business for 2016 through 2020 understating his taxable income and causing a tax loss to the IRS of approximately 113 163 Genakos faces a maximum sentence of 27 years in prison three years for each false tax return and restitution of 113 163 plus penalties and fees Contractor Pockets a Million in Payroll Taxes Goes Directly to Jail Kevin Alexander the owner of a construction company in Iowa was sentenced to two years in prison for failing to pay over employment taxes owed by his company From 2014 to 2017 Alexander paid 3 8 million dollars in wages to his employees and withheld approximately one million dollars in income social security and Medicare taxes but failed to pay those withholdings to the IRS In addition to the prison sentence he was ordered to serve two years of supervised release and pay 1 7 million dollars in restitution to the IRS Read about IRS cases I ve solved on my website www freedomtaxresolution com

Page 2 Attorney For Disabled Commits Tax Fraud Professional License Disabled Scott Johnson a Sacramento attorney known for filing thousands of disability discrimination lawsuits has been sentenced to 18 months of home detention for filing a false tax return Johnson owned and operated a legal services corporation called Disabled Access Prevents Injury through which he filed lawsuits under the Americans with Disabilities Act and related California statutes naming himself as the plaintiff From 2012 to 2014 Johnson underreported the income he earned from the lawsuit settlements on his tax returns This caused a loss of over 250 000 to the IRS Johnson was an attorney who worked for the IRS earlier in his career and as part of his sentence is not allowed to reapply for reinstatement to the California Bar He was also ordered to pay 250 000 in restitution and a 50 000 fine to the IRS Freedom Tax Resolution Times Schemer Falsely Claims to be CPA Steals Money from Hundreds of Clients Yezenia Castillo was charged with wire fraud and tax evasion and pleaded guilty to stealing over 1 5 million from more than 100 victims primarily non profit organizations private schools and religious institutions From 2012 to 2021 Castillo falsely claimed to be a CPA and used various methods to steal from her clients including collecting fees for services she never performed and transferring client funds to herself without authorization She also collected money from clients by falsely claiming it would be used to pay their taxes but instead kept the funds for herself To cover up her fraud Castillo told victims that she had filed and paid their taxes and falsified receipts to make it appear as if the taxes were paid One of the non profits she worked for an organization that provides affordable housing to individuals in New Jersey accused Castillo of issuing checks payable to herself forging the signature of the board president and claiming the payments were for legitimate business expenses She stole more than 33 000 from this organization Castillo s fraud resulted in financial losses totaling over 1 5 million She faces up to 25 years in prison and fines totaling up to 250 000 I Love Referrals Thank you Mashaan The best part of being in the Tax Resolution business is seeing the happiness and joy on my client s faces when they have settled with the IRS and once again have control over their lives Referrals happy clients are partThanks of thetokey my success Thanks tofrom YOU the word is spreading my to clients and friends who graciously referred me to their friends clients and relatives last month So thank you all for your referrals I enjoy building my business based on the positive comments and referrals from people just like you I just couldn t do it without you Read about IRS cases I ve solved on my website www freedomtaxresolution com

Page 3 Driven to Steal Luxury Car Exporter Hides 18 Million Dollars Tax Resolution Times Jie Suo the owner of two luxury car exporting businesses in California pleaded guilty to interfering with an IRS investigation into her multi million dollar companies which she failed to disclose in her tax filings in order to avoid paying income taxes Suo exported luxury vehicles to China and admitted that her businesses earned over 18 million in gross receipts from 2011 2017 She paid no taxes on the income since she did not disclose the existence of her businesses on four tax returns filed with the IRS and paid no federal income tax for 2013 through 2016 While she was being investigated by the IRS Suo falsely claimed that her businesses operated at a loss that she was the victim of loan sharks that she reported her income to an accountant who failed to include the income on her tax returns and that she did not employ her son She also misrepresented the source of funds used to purchase a home She faces a maximum sentence of up to three years in prison a fine of up to 250 000 and restitution of at least 997 673 Are You My Next Client of the Month Sharing Your Success Story Every month I choose a very special Client of the Month It s my way of acknowledging good friends and saying thanks to those who support me and my business with referrals word of mouth and repeat business This month s customer of the month is Jonathan K You might be my next Client of the Month too Watch for your name here in an upcoming month Remodeler Contractor Underreports Income by 1 9 Million Dollars Gets Sent To The Big House Ryan Patterson an Arizona contractor was sentenced to 20 months in prison followed by three years of supervised release for tax evasion Patterson whose company specialized in remodels directed customers to make checks out to him personally and deposited them into his personal checking accounts He failed to report 1 9 million dollars in income and evaded nearly 550 000 in taxes In 2014 he reported his taxable income at 11 843 which was underreported by 660 296 In 2015 he underreported his taxable income by 785 586 and in 2016 by 765 610 In 2016 he reported a loss of 38 000 on his tax return That same year he purchased a primary residence for 445 000 in cash and made other extravagant purchases In addition to the prison sentence Patterson was ordered to pay 436 195 in restitution to the IRS Read about IRS cases I ve solved on my website www freedomtaxresolution com

Freedom Tax Resolution Times Page 4 Did You Know During the Civil War the government placed taxes on all sorts of goods in order to generate revenue Carriages gold watches musical instruments pool tables and yachts were among the items taxed The tax on a gold watch was 1 50 Thank you for the Kind Words After trying on my own with no success my friend recommended that I call Jesus I called him and he immediately laid out my options and was able to solve my issues with the IRS Thanks to him I was able to get my financial life back on track Thanks Freedom Tax Resolution L Lynch I d Like to Hear From You If you have an IRS issue or just want to refer a friend relative or client we d love to hear from you We can provide a no obligation confidential consultation to help you solve your IRS problems Freedom Tax Resolution 600 W Hallandale Beach Blvd Ste 4 Hallandale Beach FL 33009 954 454 361 7400 jesus freedomtaxresolution com Roz Strategies 2023I Enter Our Trivia Contest for a Chance to Win a 250 Transferrable Gift Certificate Take the Trivia Challenge to win Each month I ll give you a new trivia question The first THREE people who call my office with the correct answer win a free 250 reduction on any IRS service I provide Your prize is also transferrable so use it for yourself or give it to a family member or friend Take your best guess and call me at 954 361 7400 This month s question is What country has the most islands a Norway c Finland b Sweden d Canada Your IRS Questions Answered Here Question I owe the IRS 74 367 for several years of back taxes but do not have the money to pay them at all I want to get them off my back and heard of Question called Why should I use a Tax Resolution Specialist I deal with something an Offer in Compromise settlement WhatCan t is it and how do I qualify Answer An You could to represent before agreement theeeee between the Answer Offer in opt Compromise is yourself a legal binding taxpayer and the IRS that settles the full amount owed Many times for a FRACTION of what s owed It s the IRS s version of a fresh start when it comes to IRS debt If approved the IRS accepts a lesser amount to settle your entire debt However it isn t easy to gain approval due to its strict criteria and eligibility requirements The IRS considers your income assets expenses ability to pay and whether paying the full amount even over time would cause financial hardship It s important to remember that the IRS wants its money and will only accept an Offer in Compromise if it thinks it s in the best interest of the government and it wouldn t receive any money otherwise Your odds for acceptance increase significantly when you have an experienced tax resolution specialist negotiating with the IRS on your behalf If you do qualify we get to work immediately by implementing a customized resolution plan that fits your unique circumstances We at Freedom Tax Resolution are experts in IRS tax problem resolution and help taxpayers with their IRS Problems every day We know the ins and outs and know how to navigate the IRS maze There is a solution to EVERY problem Call us today 954 361 7400 for a FREE no obligation confidential consultation Read about IRS cases I ve solved on my website www freedomtaxresolution com