Inside This Issue …
Baseball Great Pete Rose Owes $1 Million
Sales Exec Gets Prison for
Evasion
New York Racing Official
Sentenced for Tax Evasion
Washington, D.C., Man
Sentenced For Making False Claims to IRS
N.J. Lawyer Charged with
Tax Evasion
Former Mayor in Arizona
Pleads Guilty to Tax Evasion
Charges
Mass. Man Indicted For
Filing False Tax Returns
N.C. Women Sentenced for
Roles in Tax Refund Scheme
Bookie
Pleads Guilty to Gambling, Tax Evasion Charges |
Baseball Great Pete
Rose Owes $1 Million
Pete Rose, the legendary baseball player who agreed to a lifetime ban from
the game after being caught betting on sports, owes $1 million in back
taxes, the Internal Revenue Service says.
According to an IRS tax lien filed in Florida, Rose owes $973,693.28 in
back taxes from 1997 to 2002.
It isn’t the first time the 63-year-old all-star hitter has faced IRS
problems. In 1990 and 1991, Rose served five months in prison for not
declaring income he received from autograph signings and gambling.
The lien was reportedly filed against a home Rose owns in California. He
does not face criminal charges.
Sales Exec Gets Prison
for Evasion
A sales executive from Orange Park, Fla.,
near Jacksonville, was sentenced to one month in prison and five months of
home detention for evading federal income tax.
Rupert Dennis Bazemore, 61, was formerly
vice president of sales of Wescom Products. During that time, from 1998 to
2000, Bazemore failed to file income tax returns or pay taxes for those
years. He evaded taxes submitting a false withholding exemption
certificate to his employer. When first contacted by the IRS, Bazemore
claimed that he was not a U.S. citizen and did not need to pay taxes.
According to his plea agreement, Bazemore agreed to pay all back taxes,
interest and penalties.
New York
Racing Official Sentenced for Tax Evasion
A federal judge on Long Island sentenced a former state racing official to
four months in prison after he pleaded guilty to tax evasion.
Clement Imperato, a former department director at the New York Racing
Association, admitted that he conspired to defraud the IRS with the help
of other racing association employees. The plea came after an intense
government investigation.
Imperato and two other employees allowed clerks to take money from
register drawers at the Belmont, Aqueduct and Saratoga racetracks. The
money the clerks took would then be withdrawn from their paychecks without
paying taxes on the cash.
Former Mayor
in Arizona Pleads Guilty to Tax Evasion Charges
An attorney who served as mayor of the
city of Azusa from 1994 to 1997 and as a member of the City Council for
four years was arrested on a felony tax charge.
Stephen J. Alexander, 49, was indicted on one count of subscribing to a
false tax return. He faces up to three years in prison.
According to the indictment, Alexander’s 1997 tax return claimed he
received $14,885 in income but that his total income for that year “was
substantially higher.”
That apparently was a lie. Little did Alexander know that the IRS would
look into what he was saying in court appearances. In proceedings,
Alexander stated under oath that he received at least $200,000 in 1997.
IRS
Question Corner …
Question: I’m fretting! I owe a substantial amount to the
IRS — somewhere in the neighborhood of $225,000 — thanks to high earnings
five years ago, some bad previous advice, and tough times in recent years.
I want to move on with my life. What can I do? Are there any options
available to me?
Answer: : Indeed, I think you’ll be surprised by just how many
options you have available to you. Although the old saying about death and
taxes is certainly true, dealing with the IRS isn’t a battle between David
and Goliath. You have options.
Once you find a qualified tax professional that can help you, the first
step you and the tax professional will take is to examine your previous
tax returns to ensure that you did not overestimate your tax debt in
previous returns. Once that is complete, you may find that either an Offer
in Compromise or an Installment Agreement is the best option for you.
An Offer in Compromise, believe it or not, is a way to reduce your tax
debt by pennies on the dollar. Through this program, the IRS will allow
taxpayers who do not have the financial wherewithal to settle their tax
debt to, instead, make arrangements to pay what they can. An Offer in
Compromise isn’t for everyone, but if you no longer have the financial
fortitude you once did, this could present an excellent way for you to
finally rid the taxman — and his substantial debt — from your life.
The other option you have is an Installment Agreement. If you do in fact
have the financial resources to pay off your debt but cannot simply write
a check for the full amount, the IRS will allow you to settle your debt
over time by making small monthly payments. Think of this like a car
payment: Though small individually, the payments will add up over a period
of years and finally pay off your debt. Simple, right?
It honestly can be. I’m an IRS Problem Solver. I deal with problems such
as yours every day. Why not settle your tax debt once and for all? For a
free, no-obligation consultation, call my office at 410-727-6006.
Thank You! Thank You!
Thanks to YOU, the word is spreading. Thanks to my clients and
friends who graciously referred me to their friends, clients and
relatives last month! 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! |
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WASHINGTON, D.C., MAN SENTENCED FOR MAKING FALSE CLAIMS TO IRS
A Washington, D.C., man was sentenced to seven months of home detention
and ordered to pay $46,146 after pleading guilty to making a false claim.
According to government evidence, William Powers, 70, from January 2001 to
February 2003, submitted to the IRS a total of six tax returns in his name
and in the name of his then-7-year-old granddaughter. Each of the returns,
which were for the tax years 2000, 2001, and 2002, contained false income
information and sought the direct deposit of substantial refunds.
In total, Powers sought $55,121. He received more than $46,000 in refunds
before being caught.
N.J. LAWYER CHARGED WITH TAX EVASION
Frank J. Cozzarelli, a Belleville, N.J., lawyer, has been indicted for tax
evasion.
Cozzarelli, 51, allegedly evaded taxes by intentionally failing to report
$1,246,921 in income in 1996 and $396,377 in 1997. The income was derived
from an international investment business.
The government alleges that Cozzarelli owes $488,375 in taxes for 1996 and
$138,956 for 1997.
MASS. MAN INDICTED FOR FILING FALSE
TAX RETURNS
A Mansfield, Mass., resident was charged with two counts of filing false
tax returns that fraudulently inflated the expenses of his business by
approximately $97,000 during the years 1997 and 1998.
According to the criminal information, Jeffrey Margolin, 46, owned a
Brighton-based towing company named J.D. Towing. The government charges
that during the years 1997 and 1998, Margolin filed U.S. Individual Income
Tax Returns that falsely understated the net profit from J.D. Towing’s
business operations by fraudulently inflating the alleged business
expenses of the company.
If convicted, Margolin faces up to five years in prison on each of the two
counts.
N.C. WOMEN SENTENCED FOR ROLES IN TAX REFUND SCHEME
Shirley A. McDonald and Jacqueline Daily were sentenced to 37 months in
prison and five years of probation, respectively, for conspiracy and
income tax violations.
McDonald and Daily, both of Wilmington, N.C., pleaded guilty to a scam in
which they helped others file false claims for tax refunds. The claims
were often filed in the names of unsuspecting people.
BOOKIE PLEADS GUILTY TO GAMBLING, TAX EVASION CHARGES
Roy Raymond Zitek, of Portland, Ore., pleaded guilty in federal court to
running an illegal sports-betting operation and then failing to report the
substantial income he received to the IRS. In all, Zitek took in more than
$200,000, the government says. He faces up to fives years in prison and a
$250,000 fine.
Thanks for the Kind Words!
“You and your staff worked very hard in helping me settle my case with the
IRS. Your professionalism, courtesy, friendliness and hard work certainly
made me a believer in your outstanding reputation as one of the best
lawyers I ever dealt with! I thank you again. I once again highly
recommend you and your firm to anyone in need of help in that field.”
- L. East
I’d Like To Hear From YOU!
Whether you’d like to avoid the IRS, contact the IRS, settle with the IRS
or just want to refer a friend, relative or client, I’d love to hear from
you. I would be happy to provide you or that special person you refer a
no-obligation confidential consultation to explain every option available
to solve IRS problems.
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