Taxpayers who transact business in cryptocurrency must report their virtual earnings to the IRS and pay federal taxes on that income. While buying digital currency won’t prompt a tax bill, converting it to cash, trading for another coin or using it for
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Although Florida residents face no state income tax requirements, they still may have federal obligations to file and pay. Not everyone knows the IRS’s rules and procedures for enforcing tax compliance or contacting taxpayers, so the average person might fall victim to
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A South Florida federal judge sentenced a 29-year-old North Miami man last week to 38 months in prison, followed by three years of supervised release, for his role in a sophisticated tax fraud scheme. In addition, the defendant was ordered to pay
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The IRS is increasing efforts to reach high-income individuals – people with incomes above $100,000 – who have failed to file at least one or more tax returns in recent years in an attempt to encourage compliance, the agency said on Wednesday. The
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wo defendants involved in a stolen identity and tax refund fraud scheme were sentenced to federal prison terms yesterday in the Southern District of Florida. One defendant was sentenced to 5 years in prison; the other to 2 years in prison. Both defendants are jointly
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Tax fraud is a serious offense. One father and daughter team defrauded the IRS out of $3.4 million. They claimed the organization owed them much more in tax refunds than they actually should have received. The federal government takes tax fraud seriously,
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A Port St. Lucie, Florida, man was convicted by a federal jury yesterday in the U.S. District Court for the Southern District of Florida of ten counts of aiding and assisting in the filing of false income tax returns and three counts of filing false income tax returns. This case dates back to April 2014 when the FBI announced the filing of federal charges against 25 defendants in 19 separate cases in the Southern District of Florida dealing with thousands of stolen identities and millions of dollars of fraudulent identity theft tax filings.
A former Boca Raton man who ran a Pompano Beach tax-preparation business was sentenced last week to a total of 66 months in federal prison after pleading guilty in May to illegally using the identities of people with cerebral palsy and imprisoned
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Yesterday, a federal court in Miami granted a permanent injunction barring Jessyca Bernard from Lauderhill, Florida, from preparing federal tax returns for others. The civil injunction order, to which Bernard agreed, was signed by Chief Judge K. Michael Moore of the U.S.
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In a 2015 article, the NY Post claims that South Florida has become the nation’s “organized fraud capital,” with identity theft tax fraud schemes leading the way. Identity theft, the fastest-growing crime in South Florida, is being used to gather names and Social Security numbers
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