Now, this is less of a terror tale, and more of a cautionary tale on the importance of proper financial handling and selecting the right team of people to help you manage your finances.

Tyler Perry, the renowned American actor, writer, director, and producer, recently faced a significant issue with the Internal Revenue Service (IRS) that resulted in him receiving a check for $9 million. According to Black Enterprise, at the 2022 Earn Your Leisure Conference, Perry shared that as a result of a three-year audit done by a team of accountants, he wound up learning that he had overpaid the government $9 million. This was a significant surprise for Perry, as he had trusted his team of accountants to handle his finances properly.

Despite the shock, Perry took this experience as an opportunity to learn and grow, both personally and professionally. He reassured the conference crowd that it’s okay to make mistakes in business as long as you learn from them, so as to not repeat them ever again. Perry stated, “Listen to me: In business, it’s okay to make mistakes. It’s okay to learn. You have to learn, but don’t let it keep happening over and over again. That’s one thing about me. I’ll let you make a million mistakes, but you can’t do the same thing over and over again. That’s how I run my business. Here’s the mistake. Let’s fix it; let’s move forward.”

This experience with the IRS highlights the importance of proper financial management for individuals and businesses. It serves as a reminder to always stay informed and involved in the financial decisions that affect us, and to have a team of trustworthy professionals in place to handle our finances. This experience also taught Perry to always stay vigilant and not to take anything for granted, and to always be ready to learn from any mistakes that may occur.

Overall, this incident with the IRS did not put a damper on Perry’s career, in fact, this experience may have helped him to be more cautious and knowledgeable in his financial aspects. Furthermore, Perry’s spirit of moving forward and learning despite challenges, in addition to his impactful filmography and TV shows, has made him the perfect case study for a new course at Emory University this fall. Taught by Tameka Cage Conley, an Assistant Professor of English and Creative Writing, the course titled “In the Language of Folk and Kin: The Legacy of Folklore, the Griot and Community in the Artistic Praxis of Tyler Perry” will be offered to about 14 freshman students at the private college. The course aims to explore the importance of strong female figures in Black families and how Perry’s Madea character played a role in that.

Accountant Michael Goldner sentenced to 40 months in prison for tax fraud in Pennsylvania. From 2013 to 2017, Goldner underreported over $4 million in income and failed to pay over $1.8 million in taxes, paying only $100,000. To evade taxes owed, Goldner cashed paychecks and used employer’s bank accounts to pay for personal expenses such as rent, second home, groceries, private school, dance lessons, country club dues, and restitution from previous fraud conviction. The fraud conviction was for wire fraud and tax evasion after bilking would be investors out of millions. Goldner failed to report any income from employer on tax returns for 2016 and 2017 and did not file returns for 2018 and 2019. In addition to prison sentence, Goldner is ordered to pay restitution.

McCauley Law Offices Can Help You Out Of Your Tax Jam!

Contact McCauley Law Offices, P.C. today for a free consultation! We’ll get the IRS off your back. Our experienced team works with the IRS every day to get our clients the best deals possible. Sure, you can find one of those major tax resolution services which make over promise and under deliver, or you can work with us and get it done right the first time.

Tax fraud is the intentional act of cheating on one’s taxes in order to pay less than what is owed. This can take many forms, such as underreporting income, claiming false deductions, or hiding assets. Tax fraud is a serious crime that can result in criminal charges and significant fines or prison time. The Internal Revenue Service (IRS) is the federal agency responsible for enforcing tax laws in the United States. If the IRS discovers that an individual or business has committed tax fraud, it can pursue criminal charges and seek restitution for the taxes owed. The IRS also has the authority to levy fines and penalties, seize assets, and garnish wages.

It is important to be honest and accurate when filing taxes. If you are unsure about how to properly report your income or claim deductions, it is best to seek the advice of a tax professional or refer to IRS guidelines. Ignorance of the law is not a defense against tax fraud. It is always better to be safe than sorry when it comes to paying your fair share of taxes.

Former Apple Employee Pleads Guilty to Defrauding Company of $17 Million

A former employee at tech giant Apple, Dhirendra Prasad, has pleaded guilty to conspiracy to commit fraud after admitting to defrauding the company of over $17 million. Prasad, who was a buyer in Apple’s Global Service supply chain, was responsible for purchasing parts and services from vendors. Starting in 2011, he began accepting kickbacks, inflating invoices, stealing parts, and causing Apple to pay for items and services that were never received.

Prasad worked with two Apple vendors who have also admitted to their involvement in the fraud. In one instance, Prasad shipped motherboards from Apple’s inventory to one vendor so they could harvest the components and sell them back to Apple. In other instances, Prasad sent components from an Apple warehouse to another vendor, who repackaged and resold them to Apple.

In addition to defrauding Apple, Prasad also engaged in tax fraud by funneling illicit payments from one vendor directly to his creditors. He also created a shell company that issued fake invoices to one of the vendors in order to conceal illicit payments and allow the vendor to claim hundreds of thousands of dollars in false tax deductions, resulting in a loss of over $1.8 million for the IRS.

As a result of his actions, Prasad has been ordered to forfeit $5 million in property and cash and faces up to 20 years in prison as well as restitution.

McCauley Law Offices, P.C. Can Help!

McCauley Law is in the business of settling tax disputes, in fact, it’s our only business! When the IRS knocks, let us answer for you. We handle cases with the IRS all over America day in and day out, and we are good at it. Our dedicated attorneys and staff are here to negotiate the best possible outcome for you and to ensure you are set up to move forward in good standing with the IRS. Contact us for a risk free, no obligation consultation. We will review your current Tax Jam and walk you through our steps to help.

Don’t let tax fraud ruin your life like it did for Illinois businessman Michael Mendoza. Avoid steep fines and potential prison time by filing accurate tax returns and avoiding illegal activities. The IRS takes tax fraud seriously and will investigate and prosecute offenders. Learn more about the consequences of tax fraud and protect yourself. McCauley Law Offices, P.C. is here for you. Our expert team has over 30 years of experience dealing with the IRS on behalf of our clients. We’ll get the IRS off your back!

48 Fake W-2s Land Illinois Man in Jail

Michael Mendoza, an Illinois businessman, has been sentenced to 33 months in prison for tax fraud. In 2014, Mendoza filed a tax return using two fabricated W-2 forms, which claimed he and a joint filer were entitled to a federal refund of $79,320. The IRS deposited that amount in Mendoza’s bank account. When the IRS began investigating Mendoza’s tax returns, he obstructed the investigation by submitting fictitious documents and made false statements concerning his employment in 2014.

Eventually, Mendoza admitted that in 2009 and 2015 he fabricated additional W-2 forms in his name and the names of two relatives. His relatives’ returns were deposited into accounts that Mendoza controlled. For these years, the IRS issued additional refunds totaling $354,530, and the state of Illinois issued refunds totaling $80,647. In order to support his claims, Mendoza created 48 false W-2 and W-2c forms in his name and that of two other relatives.

Mendoza began his tax fraud schemes in his early 20s. In addition to his prison sentence, he has been ordered to pay restitution in the amount of $434,314 to the IRS and $80,647 to the state of Illinois.

Tax fraud is a serious crime that can have serious consequences, as shown in this case. The IRS works diligently to investigate and prosecute those who engage in this illegal activity. Those who are found guilty of tax fraud can face steep fines and even prison time. It’s important to file accurate tax returns and avoid engaging in any activities that could be considered tax fraud.

Need help filing taxes when you owe money to the IRS? McCauley Law Offices, P.C. can guide you through the process and negotiate a payment plan that works for you. Our tax resolution experts can help you avoid penalties and high interest and potentially settle your tax debt for less than you owe. Contact us today to learn more and get the tax relief you need. We’ll help you navigate the IRS Maze….er… Roadmap.

Filing Taxes When You Owe Money: What to Do and What You Need to Know

The tax-filing deadline will be here before you know it and pretty soon, you’ll be gathering up your receipts and plugging in numbers. I know you’re hoping for good news, and praying for a big refund in the process.

If all goes well you won’t owe anything and you might even be getting back a nice refund. But, what should you do if you owe money? If you know you owe money to the IRS, you might be tempted to not file a return, but that is the worst thing you can do!

If you fail to file on time, the IRS will come after you until you do. Worse yet, the tax agency can assess up to 25% just in late filing penalties. Plus, interest will start piling up right away. Instead of not filing, here are the steps you should take if you owe money to the IRS.

Seek Out Tax Deductions You Can Still Claim

If you find that you owe taxes, all might not be lost. As long as the April 15th tax-filing deadline has not yet passed, you can still add money to an IRA, lowering your taxable income in the process. As long as you meet the income guidelines for a deductible IRA, this step alone could lower the amount you owe or even entitle you to a refund.

Pay as Much as You Can As Soon as You Can

Speaking of paying up, it is important to pay as much as you can as soon as you can. Even if you file for an extension, the clock will still be ticking on any required payments, and the penalties and interest can add up pretty quickly. If you know you owe money to the IRS, paying it off should be your number one priority. That might mean squeezing your dollars extra hard or trimming your budget to the bone, but it beats paying penalties and high interest to the IRS.

Seek Professional Tax Help and Guidance

Owing money to the IRS is no joke, and dealing with the situation is not something you should try to tackle on your own. If you know you owe money to the IRS and cannot pay the bill in full, it is important to seek professional help and guidance.

A tax resolution expert can guide you through the process, helping you prepare, submit and negotiate a payment plan that works for you and the IRS doesn’t get to manage your monthly cash flow. You also may qualify for an offer in compromise, which settles your case for less than the amount owed, but it’s important to act as quickly as possible – you do not want your tax situation to get worse.

Hopefully, you will find a reason to smile when you file your taxes this year. Hopefully, you will find that you are due a refund, and you can begin making plans for the money that will soon arrive in your bank account. If not, it is important to know what to do and which steps to take. If you owe money to the IRS, you need professional help and guidance, so call a tax relief expert right away to preserve your rights and your money.

Before you decide, let McCauley Law Offices, P.C. see if we can help. We negotiate with the IRS day-in and day-out. We can potentially settle your tax debt for a lot less than you owe. Call us today to find out. Our tax resolution specialists navigate the IRS maze so you don’t have to.

In 2014 breakout star of reality TV show “The Real Housewives of New Jersey,” Teresa Giudice was sentenced to prison, along with her husband Joe, for committing tax fraud and other financial crimes. According to the indictment, the Giudices failed to pay taxes on approximately $5 million of income between 2004 and 2008. They also lied to the bankruptcy court and provided false information on loan applications. As a result of their actions, the Giudices were each sentenced prison followed by supervised release. Teresa was sentenced to 15 months, ultimately serving 11 months in prison. Joe was sentenced to 41 months in prison. Upon his release, he was taken into ICE custody and ultimately deported back to his native Italy.

The Giudices’ case serves as a reminder of the serious consequences of tax fraud and other financial crimes. Tax fraud refers to the illegal act of deliberately failing to pay or underpaying taxes. This can include underreporting income, claiming false deductions or credits, failing to report offshore accounts, or not filing tax returns at all. Providing false information on loan applications, on the other hand, involves deliberately providing false or misleading information on a loan application in order to obtain a loan. This can include lying about income, assets, or employment status. Both tax fraud and providing false information on loan applications are punishable under federal law.

If you are found guilty of either crime, you may face significant fines, imprisonment, and other penalties. It is important to accurately report all income and pay the full amount of taxes owed, and to provide truthful and accurate information on loan applications. Failure to do so can result in significant fines, imprisonment, and other penalties.

If you have any questions or concerns about your tax obligations or loan applications, it is advisable to seek the advice of a qualified tax attorney.

McCauley Law can help!

We offer completely free, no risk consultations. Contact us today and let us get the IRS off your back. Tax controversy resolution is what we do, it’s ALL we do.

Ronald Ray Wilson, former member of the Texas House of Representatives, has pleaded guilty to tax evasion. This charge could produce up to five years in prison. Two US Tax Court decisions found that he owed back taxes to the IRS. Wilson refused to pay and went to great lengths to hide his income. According to the IRS, tax evasion is the illegal act of deliberately failing to pay or underpaying taxes. This includes underreporting income, claiming false deductions or credits, failing to report offshore accounts, or not filing tax returns at all. Tax evasion is a serious crime that can result in significant fines and even imprisonment. In order to avoid being charged with tax evasion, it is important to accurately report all income and pay the full amount of taxes owed.

As the founding partner of a law firm, he began depositing his monthly salary into the firm’s trust account. This account is only supposed to hold client funds. To avoid further scrutiny, he switched his House of Representatives pension checks from direct deposit to physical checks. Wilson then deposited the checks into a trust account he controlled. He then converted the money into cashier’s checks.

Wilson’s actions caused a tax loss to the IRS in the amount of $794,632. In addition to the potential prison sentence, he may be ordered to pay restitution and face other penalties.

Tax evasion is a serious crime that can result in significant fines and imprisonment. You should accurately report all income and pay the full amount of taxes owed in order to avoid being charged with tax evasion. If you have any questions or concerns about your tax obligations, it is advisable to seek the advice of a tax professional.

McCauley Law Can Help!

If you are facing a tax issue, choosing the right representation is crucial. McCauley Law Offices have a team of experienced tax professionals who can provide you with expert legal guidance and representation. Our team has a thorough understanding of tax laws. We will work diligently to help you resolve your tax issue and minimize any potential penalties or fines. We’re committed to providing personalized and compassionate legal support. We will do everything in our power to help you achieve a favorable outcome. Contact us today to schedule a consultation and discuss your tax issue.

A business owner has been sentenced to prison for committing wire fraud and filing false tax returns. Debra Campbell owned a company that managed finances for Homeowners’ Associations. She was found guilty of transferring money from HOA accounts that were not being monitored into her own business account for personal expenses. In order to conceal the theft, Campbell altered the HOAs’ bank statements to show a higher balance. From 2015 to 2018, she stole over $250,000 from 23 of her client HOAs. Additionally, she failed to report this additional income on her tax returns, resulting in a loss of $150,000 for the IRS. Campbell has been sentenced to 37 months in prison and ordered to pay $410,889 in restitution.

Wire fraud is a type of fraud that involves the use of electronic means, such as the internet, phone, or email, to deceive or mislead someone for the purpose of financial gain. This can include phishing scams and investment scams. To protect yourself from wire fraud, be cautious when providing personal information or investing money.

Filing false tax returns involves providing false or misleading information on a tax return in order to pay less tax than is legally required. This can include underreporting income, claiming false deductions or credits, or failing to report offshore accounts. To avoid filing false tax returns, make sure your tax returns are accurate and complete.

In conclusion, both wire fraud and filing false tax returns are serious crimes. These crimes can result in significant fines and even imprisonment. In order to protect yourself from these crimes, it is important to be cautious when providing personal information or investing money. Always ensure that tax returns are accurate and complete.

McCauley Law Can Help!

Are you in a Tax Jam that makes you feel like you are living your life in shackles? McCauley Law Offices, P.C. can help you! We offer completely free, no risk consultations, so contact us today! We can get the IRS off your back, tax controversy resolutions is what we do, its ALL we do.

The IRS has the authority to seize assets in order to satisfy a taxpayer’s outstanding tax debt. This can include their purview to auction off of a taxpayer’s house.

If the IRS decides to seize and auction a taxpayer’s house, it will first issue a Notice of Intent to Levy and Notice of Your Right to a Hearing. This provides the taxpayer with an opportunity to contest the seizure and come to an alternate arrangement with the IRS to satisfy the tax debt. If the taxpayer does not contest the seizure or is unsuccessful in doing so, the IRS will proceed with the auction. The house will be advertised and made available for bidding by interested parties. The proceeds from the sale will be applied to the taxpayer’s outstanding tax debt.

It is important for taxpayers to be aware of their rights and options in the event of an IRS asset seizure, including the potential auction of their house. It may be possible to negotiate a payment plan or other resolution with the IRS to avoid the loss of their home. Taxpayers who are facing the potential seizure of their assets, including their house, should consult with a tax law firm for guidance and representation. A tax lawyer can provide advice and representation during the levy and hearing process and can work to protect the taxpayer’s rights and interests.

Key Takeaways:

1. The IRS has the authority to seize and auction a taxpayer’s house in order to satisfy outstanding tax debt.
2. It is important for taxpayers to be aware of their rights and options in this situation, and to seek the guidance of a tax law firm for assistance.

McCauley Law Offices Can Help!

This client came to us in jeopardy of losing their home in an IRS auction. Our experienced team was able to save his house from the IRS auction block! We can help you out of your Tax Jam too! We offer FREE, no-risk consultations. Contact us today and let us get the IRS off your back.

The saying goes that Cheaters Never Prosper, and neither does a tax evader!

Tina Yi was indicted for filing false tax returns that underreported her income from a hotel, bar, and liquor store she owned in Nome, Alaska.

Yi started the business in 2007 and between 2014 and 2017 evaded approximately 1.5 million dollars in taxes. She kept two sets of books, one that accurately kept track of income and expenses. The second understated the company’s income. Yi provided the false records to her accountant and ultimately underreported her income by more than 3.2 million dollars.

In October of 2017 a fire destroyed Yi’s business which killed a long-time resident of Nome, and ultimately leading to the discovery of the tax fraud. Yi received a 1.8-million-dollar insurance payout from the deadly blaze. The discrepancy in her accounting systems was discovered when Yi submitted financial records to a forensic CPA as part of the insurance claim.

If convicted, Yi faces a maximum for 40 years in prison, as well as restitution.

Do you feel the darkness of your Tax Jam closing in on you?

McCauley Law Offices can help! We offer free, no obligation consultations. Contact us today and let us help you see the light!