May 2017

Tax Resolution  Times
"Read About Taxpayers with IRS Problems 
Find Out How to Solve Them" 

Church Treasurer Needs to Repent
Gregory Olson, formerly of Las Vegas now living in North Dakota, was sentenced to four years in prison for stealing nearly $1.5 million from the church where he was treasurer and committing more than $500,000 in tax fraud.

Olson earlier pled guilty to the charges and admitted in court that he made unauthorized cash and check withdrawals from the church's bank accounts, false claims for reimbursement for church expenses, unauthorized receipt of mortgage loan proceeds and solicited loans from church members. He failed to report the stolen money as income to the IRS.

Olson's fraud scheme bankrupted the church.

Inside this edition:
  • Church Treasurer Needs to Repent
  • Gas Station Owner Tries to Hose the IRS
  • Tennessee Doctor and his Wife Plead Guilty to a Long History of Filing False Tax Returns
  • IRS Question of the Month
  • Monthly Recipe - Magic Gnocchi
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New W-2 Phishing Scam Targets Schools, Restaurants  and Hospitals

The IRS issued an alert in February 2017 that a W-2 phishing scam which used to be only in the corporate world has now evolved to other sectors, including schools, tribal casinos, chain restaurants, temporary staffing agencies and healthcare organizations.

The scam works like this: Cybercriminals use various techniques to disguise an email to make it appear as it is from an executive in the organization. The email is sent to an employee in the payroll or human resources department, requesting a list of all employees and their W-2 forms.

In some cases, the cybercriminal follows up with another executive email to the payroll department or comptroller and asks that a wire transfer to be made to a certain account.

IRS commissioner John Koskinen says, "This is one of the most dangerous email phishing scams we've seen in a long time."
I'd Like to Hear From You......

I f you have an IRS issue, or just want to refer a friend, relative or client, I'd love to hear from you.  I can provide a no-obligation confidential consultation to help you solve your IRS problems.

Jeffrey Schneider, EA, CTRS, NTPI Fellow
855-SFS-TaxRelief (855)737-8297)

10570 S US Highway 1, Ste. 203
Port St Lucie, FL 34952
Thank You for the Kind Words...

I have been with SFS, Jeff & Ali, for the past 19 years and they have been there with bells on.
You can't go wrong switching or start with SFS Tax Accounting.

Highly professional and if you ever get in a jam, they have your best interest at heart.

Richard Stetler
Wilton Manors, Florida
Gas Station Owner Tries to Hose the IRS

A New Jersey man who owned four gas stations in Peoria, Il, Adnan Rashid, was sentenced in March 2017 on charges of mail fraud and tax evasion.

Rashid had previously pled guilty and admitted that he grossly underreported his sales at the four stations on his federal corporate tax returns and the Illinois sales and use tax returns. Rashid admitted to altering the stations' gross receipt data before providing the information to his accountant. Information was shown in court that he had over $41 million in unreported gross receipts and $1 million in unreported personal income.

The judge in the U.S. District Court sentenced Rashid to serve 21 months in federal prison and pay $1.28 million in restitution to the State of Illinois and $206,573 to the IRS.
Tennessee Doctor and his wife Plead Guilty to a Long History of Filing False Tax Returns
Jeffrey McCoy Jr. and his wife, Andra McCoy pled guilty to charges of conspiring to defraud the United States.  The McCoys admitted in court that from July 2002 through August 2014 they underreported their income and claimed fake income tax withholding amounts. In their 2003 return alone, they falsely claimed income tax withholding of $439,850. Their sentencing date has not been set, but face a statutory maximum sentence of five years plus monetary penalties.
   Your IRS Questions Answered Here...
Question:   I've finally decided to seek help from a Tax Professional who specializes in Tax Problem Resolution.  I want to start getting my paperwork together for the appointment; what will I need to bring with me?

Answer:  It's very important to have your documentation with you for the initial interview.  Your tax resolution specialist will need this info to determine the best way to move forward to resolve your tax issues.  The items to bring include:

Your most recent IRS/State tax notices and letters;

  • Copies of your last two years of filed income (1040) tax returns;
  • A monthly household cash flow budget by expense category (list all outflows of money)
  • Bring your most recent paystubs with YTD info verifying income from all sources and all withholdings and payroll deductions;
  • If you are self-employed, an independent contractor, or small business owner, prepare a "rough draft" current profit and loss statement. If this is not possible, just bring your Schedule C from your most recently filed 1040;
  • Bring a list of any quarterly estimated tax payments made for the current year
We at SFS Tax Problem Solutions are experts at navigating the IRS maze and will customize a resolution plan to fit your individual needs to help you permanently solve your IRS Problems. 
Call us today! 855-SFS-TaxRelief (855-737-8297)
Magic Gnocchi

Italian food is calling to me!! 
It's gnocchi for  dinner... and it's low carb!!! 

Ali sprinkles some dried tomatoes on top and adds hot sausage ... that covers my Italian fix especially when she serves low carb garlic flatbread along with it!