Tax Resolution Times

"Read About Taxpayers with IRS Problems &  Find Out How to Solve Them" 
July 2017
      Inside this edition:
  • Insurance Salesman Convicted of Tax Fraud for Not Filing Accurate Tax Returns Since 1996 
  • Weird State Tax Facts
  • Man Claims He Didn't File Tax Returns Because of the Bible
  • IRS Question of the Month
  • For the Foodies - Baingan Bharta
  • A bit of humor...
Insurance Salesman Convicted of Tax Fraud for not Filing Accurate
Tax Returns Since 1996
Terry DiMartino of Newington, CT was convicted of one count of corruptly interfering with the due administration of the internal revenue laws, two counts of filing false tax returns and five counts of willfully failing to file tax returns.

During DiMartion’s trial, evidence showed that although he was an insurance salesman, and earned millions of dollars in insurance commissions, he did not file accurate tax returns or pay the taxes owed. In 2007, DiMartino filed three false returns, including one requesting a fraudulent refund of over $14 million. He also set up nominee entities to conceal and divert his insurance commissions and hide his assets from the IRS. 

It was shown at trial that DiMartino had not filed an accurate tax return since the 1996 tax year.

Sentencing has been set for July 2017.  DiMartino faces a maximum sentence of three years in prison for the charge of obstructing the IRS, three years in prison for each charge of filing false returns and one year for each count of failing to file his returns.  He also faces monetary penalties.

Thank You for the Kind Words...
Doug Robertson



Man Claims He Didn't File Because of the Bible
James Schlosser of PA was convicted of failing to file tax returns for 21 years because he considered using a Social Security number akin to using the “mark of the beast” spelled out in the Bible.

Schlosser failed to file returns from 1994 to 2014 on his earnings of approximately $2.3 million as a medical equipment salesman.  The prosecution showed he funneled the income through foreign business trusts and corporations registered in Nevada.

Schlosser could face 5 years in prison and $450,000 in fines

Weird State Tax Facts

Alabama-Residents still pay a Confederate veterans tax, despite the fact that all Civil War veterans are long dead. Nowadays the tax supports the Confederate Memorial Park.

Arizona-Ice cubes are exempt from sales tax because they are used in mixed drinks.  Blocks of ice are not.

Arkansas-Charges a 6% tax on body piercings, tattoos and electrolysis.

Colorado-Coffee cup lids are taxed at 2.9%, but not the coffee cup itself.

Hawaii-Residents can claim up to $3,000 in personal income tax deductions for maintaining “exceptional” trees on their property.

Illinois-Candy made without flour, such as Twix is not taxed. If candy is made with flour, such as Snickers, it’s taxed at 5%.

Missouri-Single men between the ages of 21 and 50 must pay a $1 annual tax. The law was enacted in 1820 to encourage more men to marry.

New Jersey-Pumpkins that are sold as decorations are subject to sales tax. If you plan to eat the pumpkin, the sale is tax free.

New York-There is no tax on the sale of whole bagels, but an 8.875% tax is charged if you get it sliced.

South Carolina-Any meat packer or butcher in the state can get a $50 rebate by donating a deer carcass to charity to be used to feed the hungry.

Utah-Since 2004, Utah charges a 10% tax on escort services and strip clubs.
Enter Our Trivia Contest for a Chance to
Win a $150 Transferrable Gift Certificate!
Take the Trivia Challenge to win!
Each month, I’ll give you a new trivia question.  The first THREE people who call my office with the correct answer win a free $150 reduction on any Tax Resolution service I provide (business accounting or tax return preparation is not included). Your prize is also transferrable, so use it for yourself, or give it to a family member or friend. Take your best guess and call me at 772-337-1040.  
                  

This month’s question is:

What is the most abundant metal in the earth’s crust?

     a) Iron                         c) Magnesium

b) Aluminum               d) Titanium


Your IRS Questions Answered Here...
Q - I own a small business and in order to keep afloat, I did not send the IRS my employee’s withholding taxes for a few years.  How much trouble will I be in?

A - Owing 941 payroll taxes is very different from owing personal income taxes. Not only can the IRS padlock the doors to your business, they can come after you personally, levy your bank accounts, confiscate your receivables and seize your property.  Scarier still is that it could turn into a criminal matter.  Why? Because the money has already been deducted from your employee’s payroll checks; so it’s not your money to begin with! The IRS will look at it as if you stole their money. Payroll tax delinquency is the IRS’s number one enforcement priority.

You need to get help from an experienced professional who deals with the IRS every day.  We can assess your situation and figure out the best way to protect you, and will take over all dealings with the IRS so you don’t have to.  Don’t let them take everything you’ve worked so hard for; call us today!

We at SFS Tax Problem Solutions are experts in tax resolution and help taxpayers like you with their
IRS Problems every day. 

Call us at 772-337-1040
I'd Like To Hear From You....
If 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.

772-337-1040
Jeffrey Schneider, EA, CTRS, NTPI Fellow
jeff@sfstaxacct.com
10570 S US Highway 1, Ste. 203
 Port St Lucie, FL 34952
www.sfstaxproblemsolutions.com
Monthly Recipe
Eggplant and Indian food are big favorites of Ali's. This recipe combines them both and is quite easy to prepare.

Serve with warm pita bread and enjoy!
SFS Tax Problem Solutions | i nfo@sfstaxacct.com | 772.337.104 sfstaxproblemsolutions.com