Tax Masters Files Chapter 11

Chapter 11 bankruptcy has been filed by a prominent financial advice firm. Tax Masters filed Chapter 11 bankruptcy papers after suffering loses up to $10 million. The documents filed at the federal court house show the company has less than $50,000 in assets, but still owes money to as many as 5,000 people. The bankruptcy isn’t the only legal … [Read more...]

IRS Tax Relief Provided For All

Obtaining tax relief on your own is an uphill battle since you are facing an expert on the matter, the Internal Revenue Service. The government agency would take legal action to make you pay for your taxes, either through garnishment, liens and levies. As the process runs its course, so with it does your tax debt with the compounded penalties and … [Read more...]

Wealthy Couple Pleads Guilty in Tax Fraud Case

Couple from the Upper East Side Pleads Guilty to Tax Fraud Case Just in time for the federal tax filing deadline, a wealthy couple living in Manhattan’s pricey Upper East side has pleaded guilty in tax fraud case. Jeffrey Stein, a 58-year-old vascular surgeon, and his wife Marla Stein, a 52-year-old attorney, pleaded guilty to charges of tax … [Read more...]

Music Star Behind “Take This Job and Shove It” Guilty of Tax Evasion

Country Music Star Who Wrote “Take This Job and Shove It” Pleads Guilty to Tax Evasion in Federal Court David Allan Coe, the legendary country music singer/song-writer made famous by anthem “Take This Job and Shove It,” has pleaded guilty to federal charges of tax evasion in court. The 76-year-old reportedly owes the IRS at least $466,000 for … [Read more...]

Rapper Beanie Sigel Arrested 2 Weeks Before Beginning Prison Sentence

Prison time started earlier than expected for Rapper Beanie Sigel. According to TMZ, Beanie, most known for his work with rappers Jay-Z and Snoop Dogg, was arrested earlier Wednesday morning in Philadelphia on gun and drug possession charges. This arrest comes two weeks before he was to begin a two-year prison sentence on tax evasion … [Read more...]

Video Gambling Business Owner Pleads to Tax Evasion

Magic Minutes Video Gambling Business Owner Pleads Guilty to Tax Evasion Charges The owner of Magic Minutes, a notorious video gambling house, has officially pleaded guilty in federal court to tax evasion charges. Although Larry W. Flynn, 40 years old, spent years insisting to police that his machines operated on phone cards and therefore did not … [Read more...]

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