Oscoda tables decision on free land; changes auditors Oct 29, 2009
The state put all the properties which were seized for back taxes on the auction block in July and again in September, but no one bid. According to the Oct. 6 letter from Roxanne Harris of the Michigan Foreclosure Services Section, Property Services Division, the state will transfer the properties to the township unless the township objects in writing before Dec. 30. (Oscoda Press, MI)
UBS ex-client seeks leniency for tax conviction Oct 28, 2009
Jerry Burnes, 65, already had paid full restitution 000026B4 and agreed to pay more than $450,000 in back taxes to the state of California and the Internal Revenue Service. "The defendant's crime was motivated by greed, and not economic necessity," Assistant U.S. Attorney Mark McKeon wrote in a sentencing memorandum. (Fresno Bee -- Business)
Tax Problems of the Stars Oct 27, 2009
3 million in liens against Cage for back taxes owed from 2002, 2004, and 2007 ... Chef extraordinaire and extreme screamer Gordon Ramsay made a bit of a donkey out of himself earlier this year when it was reported that he owed 7 million in back taxes ... 5 million owed in back taxes. (Fox News)
Mt. Lebanon woman works to save home Oct 27, 2009
Making matters more complicated, her lender, Wells Fargo, added an additional $800 a month to the mortgage to cover last year's unpaid back taxes and escrow for next year's property taxes, resulting in monthly payments rising from $1,075 a month three years ago to $2,400 a month now. "If I lose this home, I will be homeless. That's all there is to it," said Ms. Malone, whose parents are deceased. (Pittsburgh Post-Gazette, PA)
Activist Merry plans 'shadow government' Oct 27, 2009
He sued in 2007 to have Mr. Williams reprimanded for not paying back taxes and censured for trying to build a drag strip on property across the street from where his son-in-law planned to build a snack shop called Drag Snacks. He also filed action against Mr. Williams and the city in 2006 challenging commissioners' use of abstentions to block majority wins and the mayor's ability to break a tie, part of an effort to get Mr. Williams to step down as mayor pro tem. (The Augusta Chronicle)
In Detroit, a housing auction of last resort Oct 26, 2009
The county had no estimate of how much was raised by the auction, a second attempt to sell property that had failed to find buyers for the full amount of back taxes in September. The unsold parcels add to an expanding ghost town within the once-vibrant town known worldwide as the Motor City. (MSNBC -- Business)
Editorial: Track down homestead cheaters Oct 26, 2009
The Lee County Property Appraiser removed the exemption from owners Charles and Barbara Parsons for the 2009 tax rolls and they now may owe as much as $320,000 in back taxes and penalties. The State Attorney's Office is investigating. (The News-Press -- Opinion)
Russia's Famous Prisoner Marks 6th Anniversary Behind Bars Oct 26, 2009
Khodorkovsky's Yukos oil company, once Russia's largest oil producer, was declared bankrupt in 2006 and later sold to pay billions of dollars in alleged back taxes. Most Yukos assets have been purchased by the state-controlled Rosneft oil company in the effective renationalization. (Fox News)
Former GR financial advisor sentenced in IRS fraud case Oct 26, 2009
Judge Brimmer also ordered Buggy to cooperate with the IRS by providing a full financial disclosure, filing timely tax returns and paying back taxes, penalties and interest as determined by IRS.. Buggy was ordered to report to the U.S. Magistrates Office in Cheyenne by noon Nov. 2 to begin the prison sentence unless the Bureau of Prisons has designated a specific prison prior to that date. (Green River Star, WY -- Local)
Dogan Seeks Buyer for Stake in Turkish Media Unit in $3.9 Billion Tax Spat Oct 25, 2009
8 billion liras of back taxes for mergers between its units, the company said Oct. 22. The company also faces a bill of 915 million liras related to the sale of shares to Axel Springer. (Bloomberg -- Europe)
Jackson Memorabilia Marketer Gets 2 Years For Dodging Taxes Oct 25, 2009
He has paid $403,000 in back taxes, penalties and interest. In a legal filing, Cappello said he was unable to pay all his federal taxes because of the financial demands of an "onerous" and possibly illegal divorce settlement imposed on him in a court. (FOX61, CT)
$4.5 million south Fort Myers home in fraud case could yield thousands for Lee County Oct 24, 2009
5 million riverfront home in south Fort Myers could mean more than $320,000 in back taxes and penalties for the county ... Linda Anderson with the appraiser's office said her estimates show the Parsons could owe about $280,000 in back taxes and penalties, plus about $40,000 in interest. (The News-Press -- Business)
$4.5 million house in fraud case could be bonanza for Lee County Oct 24, 2009
5 million riverfront home in south Fort Myers could mean Lee County is due more than $320,000 in back taxes and penalties ... Anderson estimates the Parsonses could owe about $280,000 in back taxes and penalties, plus another $40,000 in interest ... $320,000estimated total in back taxes, penalties, and interest that Charles and Barbara Parsons could face if allegations of homestead fraud are proven. (The News-Press -- Business)
States scramble to grow revenues Oct 23, 2009
States are looking at more so-called "sin" taxes on tobacco, for example, and are trying out employee furloughs and amnesty programs to get people to pay their back taxes without penalty ... Lately, amnesties have been allowed in some states to get residents to pay back taxes by forgiving any penalties. (Casper Star-Tribune, WY)
Carter Refiling Disclosure Forms to List Exxon Profits Oct 22, 2009
Rangel also failed to pay taxes on about $75,000 in rental income he accumulated over several years from a villa he owns in the Dominican Republic; he paid about $10,000 in back taxes last year but did not pay penalties or interest, leading Carter to propose a Rangel Rule bill that would forgive penalties and interest on all taxpayers who owed back taxes. Carter s office showed Roll Call documentation that Carter had paid taxes on the income from the 2006 stock sale. (Roll Call)
Global Steering finally receives tax exemption Approval by state helps save 240 Watertown jobs Oct 22, 2009
As DriveSol, the company nearly went out of business last December due to dwindling cash flow and $500,000 in back taxes it owed the town of Watertown ... Economic Development Coordinator Joe Seacrist also announced in April that by using a payment plan, Global Steering had caught up on all back taxes owed by DriveSol. (Town Times, CT)
Tough city finds hope in a garden amid ruin Oct 21, 2009
("I was the one who called the Fire Department.") On that spot, the house was lost to back taxes ... ("I was the one who called the Fire Department.") On that spot, the house was lost to back taxes. (Honolulu Star-Bulletin)
IRS will help in cases of hardship Oct 20, 2009
Question: Am I still responsible for my back taxes if the VA (Veterans Affairs) has declared me 100% disabled ... With so many people facing financial difficulties, the IRS is taking additional steps to help people who owe back taxes ... Depending on the hardship circumstances, taxpayers may be able to adjust payments for back taxes, avoid defaulting on payment agreements or possibly defer collection action. (Fresno Bee -- Business)
Collection firms bank on largest debtor lists Oct 19, 2009
Premiere, which specializes in student loan collections and government debt from traffic tickets to back taxes, bumped its work force from 250 in January to 361 in August. It expects to employ more than 500 people in a few years. (Fresno Bee)
TMZ Reports: Nicolas Cage sues biz manager for 'financial ruin' Oct 19, 2009
As TMZ first reported, the IRS has filed liens against the actor for more than $6 million in back taxes. Copyright. (FOX59, IN)
'Survivor' star Hatch finishes federal tax sentence Oct 18, 2009
Under the terms of Hatch's supervised release, he must refile his 2000 and 2001 tax returns and pay all his back taxes, Weiner said. After serving several years behind bars, Hatch was released to home confinement earlier this year and was supposed to complete his sentence at his sister's home in Newport. (USA Today -- Life)
Sharpton pondering lawsuit against Limbaugh Oct 18, 2009
million in back taxes. He's nothing but a baffoom. (TheHill.com)
Survivor Hatch ends tax evasion sentence Oct 17, 2009
Richard Hatch must serve three years of supervised release, complete a mental health program and pay his back taxes ... On Friday, he completed a federal sentence for evading taxes on his winnings and faced a new challenge: landing a job in a down economy and paying off what may be hundreds of thousands of dollars in back taxes nine years after he became one of reality TVs biggest villains ... Hatch doesnt have a job yet, but he will have to find one and will have to refile his 2000 and... (MSNBC -- News)
Ajay's slim pickings Oct 17, 2009
I cannot even pay my back taxes nor can I pay my outstanding legal fees. . (Sydney Morning Herald -- Australia)
Owner associations turn to foreclosure, at a price Oct 17, 2009
At the in Waianae, the owner of a 290-square-foot studio had racked up more than $11,000 in maintenance fees and owed about $8,000 in back taxes. So, the association filed for foreclosure, with no guarantee of recouping its expenses. (Pacific Business News, HI)
Five New Rules Of Production Oct 17, 2009
This adds to the other penalties for back taxes. A number of other states, including New York, Massachusetts, Maryland and Illinois, have legislation to this effect underway. (Multichannel News)
Taxpayers to get $2M in interest Oct 16, 2009
Bert Brantley, the governor's communications director, said the Revenue Department has recovered more than $500 million in recent years through improved operations and new ways to collect back taxes. "Our goal is always to meet those higher expectations," Brantley said. (Atlanta Journal-Constitution -- Metro)
Economy forcing tax delinquencies Oct 16, 2009
Sportsites LLC owes the county $187,390 in 2008 back taxes ... 04 million in back taxes ... JBK-Shamrock Franklin also owes 2007 back taxes for a total of $156,226. (Milwaukee Business Journal, WI)
Back taxes a surprise to state Oct 16, 2009
Empire State Development learned of the $615,000 in back taxes and fees owed by Brooklyn investor Chaim Ausch only after a Tuesday news conference announcing the funding for the building at State and Eagle streets, agency spokesman Warner Johnston said Thursday. Johnston said Ausch, doing business as C any Hotel, will receive no ESD money until he settles with Albany County and insisted the developer can't use state money to pay his back bills. (Albany Times Union)
Nobel Peace Prize“then and now Oct 16, 2009
Missy wrote on Oct 15, 2009 11:13 AM:" I am sure I will be beat up about this but here goes... Didn't Pres Obama win the Nobel Peace prize for his efforts to bring peace to the Middle East? Smarter people than all of us must have seen something good about the man or they wouldn't have just said "hey let's give this guy the Nobel Peace Prize for the heck of it"I am not a hater or lover of him but dang folks did you have someone else in mind for that prize? Bush?? And just fyiWe have a farm & own... (Cameron Observer, MO)
7500 tax dodgers apply for US amnesty program Oct 15, 2009
The IRS long has had a policy that certain tax evaders who come forward before they are contacted by the agency usually can avoid jail time as long as they agree to pay back taxes, interest and hefty penalties. Fewer than 100 people apply for the program in a typical year, in part because the penalties can far exceed the value of the hidden account, depending on how long the account holder has evaded US taxes. (Sydney Morning Herald -- Business)
7,500 seek amnesty for hiding assets Oct 15, 2009
The IRS long has had a policy that certain tax evaders who come forward can avoid jail time as long as they agree to pay back taxes, interest, and hefty penalties. Drug dealers and money launderers need not apply. (Boston Globe)
Co-Op meets Monday to discuss future Oct 15, 2009
The Co-Op was among several local businesses mentioned last Tuesday during the regular meeting of Forest s Board of Aldermen where it was noted that several businesses owe back taxes to the city ... With the debt that has accumulated to this point, Davis and Johnston said that state law allows them to immediately close the Co-Op and collect the back taxes at any time. (Forest Scott County Times, MS)
America's tax evaders emerge from the shadows Oct 14, 2009
Now, on top of criminal penalties, Chernick must refile his taxes for 2001 through 2007 and pay back taxes, interest and penalties for himself and any related corporate entities ... He paid $52 million to the IRS for back taxes, interest and penalties. (USA Today -- Money)
UBS clients panic before IRS offshore accounts deadline Oct 14, 2009
The programme, ending tomorrow, lets taxpayers avoid prosecution and public disclosure of their identities by revealing their accounts and paying back taxes, fines and penalties. More than 3 000 have signed up. (Business Report, South Africa)
Tax scofflaws face Thursday deadline Oct 14, 2009
The federal program requires people amend six years of tax returns and pay back taxes and some penalties. It also ends on Thursday. (Honolulu Advertiser)
Hawaii making it hard to dodge your taxes Oct 13, 2009
There is no time limit on how long the tax department has to collect back taxes. Under its contract signed Jan. 22, 2008, CGI Group paid all up-front costs associated with running the delinquent tax collection project, including computer upgrades and postage fees. (Honolulu Advertiser)
Topsfield gas station for sale, with slight catch Oct 13, 2009
A familiar Route 97 landmark is back on the real estate market, raising hope Topsfield may collect some back taxes. The asking price for the Shell gas station and garage at 158 Haverhill Road is $695,000, a significant drop from the original asking price of $975,000. (Boxford Tri Town Transcript, MA)
U.S. Tax Amnesty Deadline Approaches Oct 13, 2009
Taxpayers who come forward must pay any back taxes plus 20 percent of the highest amount of their holdings in the last six years. The IRS has not released figures on how many have come forward to take advantage of the program in the last seven months. (Law.com)
UBS Account Amnesty Deadline Adds Need for Therapy to Lawyer Consultations Oct 13, 2009
The program, ending Oct. 15, lets taxpayers avoid prosecution and public disclosure of their identities by revealing their accounts and paying back taxes, fines and penalties. More than 3,000 signed up through Sept. 21. (Bloomberg -- US)
Reed: Will GOP Pay For More Troops? Oct 12, 2009
While every one appointed by The Once, can't seem to keep their MILLIONS in back taxes paid. including Geithner the guy in charge of the economic crisis HOAX.. (CBS News)
How Many Properties Has Rangel Owned? Oct 12, 2009
He later sent $10,800 to the IRS and New York state to cover the back taxes and related penalties. The disclosures also show Rangel failed to declare empty lots he owned in New Jersey, which were assessed between $1,001 and $15,000. (Human Events Online)
NZ cases won't affect bank ratings Oct 12, 2009
The commissioner said $961m in back taxes was owing. Bank of New Zealand is appealing a judgment against it in the High Court in Wellington involving $661m of back taxes. (Sydney Morning Herald -- Business)
Two November referendums target taxation in Maine Oct 12, 2009
AUGUSTA, Maine - Antitax fever, which inspired unsuccessful Maine ballot initiatives in 2004 and 2006, is back again, with activists determined to scale back taxes, this time with a pair of questions for the Nov. 3 ballot. Question 2 is aimed at automobile excise taxes, which can run into the hundreds of dollars, and Question 4 is a now-familiar appeal to further curb state and local spending and taxes. (Boston Globe)
BPOL is bad; vote for Paul Milde Oct 11, 2009
But if you can't afford to pay more to finance higher government spending, vote for candidates who will work to roll back taxes like the onerous BPOL.. The choice is clear. (Fredericksburg.com, VA)
Highlights of 2009-10 spending plan agreement Oct 10, 2009
Generates an estimated $190 million from a program that allows the repayment of back taxes without the penalty fees or half of the interest payments that normally apply. CONSIDERED, BUT DISCARDED. (Carlisle Sentinel, PA)
Tuesday's Election Results Oct 10, 2009
Katkus is a Tax Dodger wrote on Oct 7, 2009 6:25 PM:" No taxes paid to the city, No licence with the City, Borough, or State for the last 4 years for three businesses inside the city. If she takes the oath of office she will be faced with criminal charges and I'll bet the IRS will also step in. Owes the city $20,000 in back taxes and her APOC is full of holes. Good luck if she is seated the council members that vote to allow this breach in city code will also be allow those that vote in favor to... (Wasilla Frontiersman, AK)
Don't wait for new offshore deal: IRS Oct 10, 2009
The tax evaders must pay back taxes and interest, plus a penalty of 20 percent of their highest account balance over several years. The amnesty program has attracted more than 3,000 individuals so far. (India Times)
County will sue for back taxes on Rio Rico lots Oct 10, 2009
Supervisor Manuel Ruiz assured Stradling that the county only wanted its back taxes ... Community Development Director Mary Dahl wrote to P.K. Fletcher, Avatars general counsel and vice president, about the back taxes, in June 23, 2009 ... The reason the back taxes are so great is solely due to the countys failure to reclassify such lots. (Nogales International, AZ)
how to troll Oct 9, 2009
A bunch of washed up artists in need of income to pay their property and back taxes. Reply by skybeards//////////Posted October 8th, 2009 at 7:12 pm. (Harper's Magazine)
Girls of ‘St. Trinian’s’ just want to have fun Oct 9, 2009
To raise money for their headmistress' back taxes, schoolgirls plot to seal a Vermeer ... As if that weren t enough, Fritton owes a half-million pounds in back taxes. (Boston Globe)
$750m tax ruling: Westpac weighs up appeal Oct 8, 2009
Westpac is considering whether to launch an appeal against a landmark New Zealand tax case where the banking giant faces a payout of NZ$918 million ($753 million) in back taxes and other costs ... Following this morning's judgement, which relates to tax assessments across nine structured finance transactions undertaken between 1998 and 2002, Westpac is facing some NZ$586 million in back taxes and and interest charges of NZ$332 million. (Sydney Morning Herald -- Business)
City drops suit after hotel pays back taxes (1) Oct 8, 2009
City drops suit after hotel pays back taxes ... Published: Wednesday, October 7, 2009 1:05 AM CDT The city of Boerne dropped a lawsuit against the Holiday Inn Express on Interstate 10 last month after back taxes were paid, but some of the hotels rooms remain closed because of moisture damage. (Boerne Star, TX)
Westpac ordered to pay NZ taxes Oct 8, 2009
Banking giant Westpac has been ordered to pay $NZ961 million ($A795 million) in back taxes to New Zealand's Inland Revenue Department in a High Court ruling handed down in Auckland today ... In July, in a separate case, Justice Wild or 00004000 dered the Bank of New Zealand to pay $416 million in back taxes after a 13-week hearing in the High Court in Wellington. (Sydney Morning Herald -- Business)
An utter lack of shame Oct 7, 2009
An Atlanta city councilman who owes $44,000 in back taxes and fines -- after already having $11,000 garnished from his wages -- has now been fined by the courts for running an unregistered charity. Councilman H. Lamar Willis was fined $25,000 recently by a Fulton County Superior Court judge for not registering his self-named charity -- the H. Lamar Willis Foundation -- or properly maintaining its records. (The Augusta Chronicle)
Impeach Sanford, but for right reasons Oct 7, 2009
The Associated Press reports that Gov. Mark Sanford could owe the federal government a heap of back taxes for using state aircraft for personal or political trips. Nine flights since 2008 could amount to more than $19,000 in taxable benefits, AP concluded. (Herald Online, SC -- Opinion)
Kelso's River Casino forced to close Oct 7, 2009
By then, River Casino owed the city about 31,000 in back taxes dating back to fall 2008 and had agreed to a 500-a-week repayment plan. It had cut about 25 employees and eliminated five gambling tables. (Longview Daily News, WA)
Breaking news: Kelso's River Casino closes Oct 6, 2009
As of July, the casino owed 31,000 in back taxes and had worked out a weekly repayment plan with the city. The casino opened as River Casino in July 2008 after the Cleopatra s Wild Grizzly Casino had been shut down three months. (Longview Daily News, WA)
Method Man Arrested On $33,000 Tax-Evasion Charge Oct 6, 2009
The rapper is also on the hook for accrued interest and penalties stemming from the back taxes. Staten Island District Attorney Daniel Donovan said the rapper will be "aggressively investigated and prosecuted" if he's found guilty of the charges. (VHI.com -- Music News)
Changes in welfare food program Oct 6, 2009
d wrote on Oct 4, 2009 7:22 PM:" Get rid of it altogether would be the best thing to happen. No you don't pay back taxes. Taxes are for the defense of the country not to help people out. IF you use a service pay for it. We survived without welfare before. ". Wrong wrote on Oct 4, 2009 5:43 PM:" it was a political joke and you being a left wing democrat took offense and tunred it into someone picking on the poor trying to justify your liberal "give it all away" then just print more money agenda!... (Rexburg Standard Journal, ID)
Supporters rescue Tosca from tax debt Oct 6, 2009
Supporters rescue Tosca, pay owners back taxes - The Business Review (Albany) ... Supporters rescue Tosca, pay owners back taxes. (Albany Business Review, NY)
Demcores ripple effect Oct 5, 2009
Several Demcore Development properties were to be auctioned in June, until the company paid about $133,000 in back taxes. Mike Deming said in a voice-mail message Friday that he expects to have an agreement for a new restaurant to replace Duffys which closed at 28 S. Potomac St. in August this week. (The Herald-Mail Online)
ANB Camp 2 facing wave of debt Oct 4, 2009
Juneau's Alaska Native Brotherhood Camp No. 2 Inc. is struggling under a mountain of debt, facing back taxes and imminent foreclosure on ANB Hall ... Juneau's Alaska Native Brotherhood Camp No. 2 Inc. is struggling under a mountain of debt, facing back taxes and imminent foreclosure on ANB Hall. (Juneau Empire)
House passes new version of state budget Oct 3, 2009
He also said the plan includes a Republican idea of a "tax amnesty," waiving penalties for people who pay their back taxes. Rep. (Pittsburgh Post-Gazette, PA)
Blowing the whistle on tax cheats Oct 2, 2009
Olenicoff was sentenced to two years of probation and paid $US52 million in back taxes, penalties and interest. The informant in the LGT case, former bank employee Heinrich Kieber, lives under a new name in a witness protection program, Senator Carl Levin, a Michigan Democrat, said last year. (Sydney Morning Herald -- Business)
