21 Feb Newsletter February 21st, 2019
Inside this edition: Owner of Inventax Lives up to the Name, Where in the U.S. is Jeffrey Schneider?, Strange Historical Taxes in England, The IRS Sticks It to the Owners of Phlebotomy Services, IRS Question & SFS Answer, For the foodies…Bacon Jalapeno Stuffed Pork Loin
February 21, 2019
Inside this edition:
- Owner of Inventax Lives up to the Name
- Where in the U.S. is Jeffrey Schneider?
- Strange Historical Taxes in England
- The IRS Sticks It to the Owners of Phlebotomy Services
- IRS Question & SFS Answer
- For the foodies…Bacon Jalapeno Stuffed Pork Loin
What my designations mean….
A certified tax resolution specialist (CTRS) is a tax expert who helps clients deal with tax issues and represents them before the Internal Revenue Service (IRS).
Enrolled Agent (EA) is a tax advisor who is a federally authorized tax practitioner empowered by the U.S. Department of the Treasury. Enrolled agents represent taxpayers before the Internal Revenue Service (IRS) for tax issues including audits, collections, and appeals.
Enrolled Agent status is the highest credential awarded by the IRS. The EA credential is recognized across all 50 U.S. states. Attorneys and certified public accountants (CPAs) are licensed on a state by state basis and are also empowered by the Department of the Treasury to represent taxpayers before the IRS.
ACT-E is the designation for Advanced Crypto Tax Expert.
NTPI Fellow, this designation is evidence of significant expertise in the representation of taxpayers before the IRS.
Where in the U.S. is Jeffrey Schneider?
Tax Season- Stuart and Royal Palm Beach, Florida through April 2019
In the News!
Owner of Inventax Lives up to the Name
Geoffrey Rotich, doing business in Shawnee, Kansas, pleaded guilty to aiding and assisting in the preparation of a false income tax return and making a false bankruptcy declaration in Federal Court.
Rotich owned and operated Inventax, a tax preparation business. Court documents show that in March 2013, Rotich assisted in the preparation of an individual’s 2012 income tax return that he knew contained false claims for education expenses and other deductions. Rotich also filed a bankruptcy petition for himself, which failed to disclose his interest in Inventax and completely identify all of his bank accounts.
Sentencing will be on March 21, 2019, where he could face a maximum sentence of 3 years in prison for the tax count, three years in prison for the bankruptcy count, as well as a period of supervised release, restitution, and monetary penalties.
Strange Historical Taxes in England
-As early as the 16th century, the English Government taxed playing cards. In 1710, dice and playing cards received a dramatic tax increase, which led to the widespread forgery of playing cards. The tax was not removed until 1960.
-In 1660, England placed a tax on fireplaces. To avoid paying taxes, people would cover their fireplaces with bricks. The tax was repealed in 1689.
-In 1696, England placed a tax on windows, taxing houses based on the number of windows they had. The tax lead to houses being built with very few windows, and the tax was repealed in 1851 as it was deemed to cause health problems.
-England placed a tax on printed wallpaper in 1712. To avoid the tax, builders hung plain wallpaper and then painted patterns on the walls.
-In 1789, England introduced a tax on hats. Hat-makers stopped calling their creations “hats,” so the tax was changed to include any headgear. The tax was repealed in 1811.
-England has a tax on televisions. If you own a TV, you must pay an annual fee which is used to finance BBC programming. Color TV’s are taxed at a higher rate than black & white. If a blind person owns a TV, their tax rate is half. Failure to pay is subject to criminal penalties.
The IRS Sticks It to the Owners of Phlebotomy Services
Robert and Donna Poimboeuf, a couple from Shreveport, LA, were indicted in court in December 2018 on charges of conspiring to defraud the Internal Revenue Service and on multiple counts of filing false tax returns. The Poimboeufs owned and operated D & G Holdings, LLC, a company providing Laboratory and mobile phlebotomy services.
It is alleged that for the tax years 2011 through 2015, the Poimboeufs underreported their income and gross receipts for D & G on their joint personal federal income tax returns. Information provided in two separate tax returns, preparers omitted bank account information and Forms 1099. Charges also include that the couple classified business receipts as non-taxable loan proceeds to reduce their income.
If they are convicted, the Poimboeufs face a maximum sentence of five years in prison on the conspiracy count, and three years in prison for each count of filing false returns, as well as a period of supervised release and monetary penalties.
Questions and Answers
Question: I am expecting a big refund for 2018 but, I owe the IRS money for prior years and do not have a payment plan. Will I get my refund?
Answer: No, the IRS will automatically apply any refund due to you against taxes you owe. This policy is under the Federal Offset Program. You can read all about it in my new book, “Now What? The IRS is Taking Everything I own. Help!“ (available through Amazon -The Now What Help series
However, that is still not going to solve your problem of owing taxes from past years. Having an EA & CTRS, like yours truly, negotiate with the IRS and set up a properly structured payment plan for you assures you the best outcome. The IRS will continue to take refunds, but with proper planning, it can be minimized.
The Now What Help! Series
Defining and deconstructing the scary and confusing letters that land in your mailbox. Jeff defines and deconstructs the scary and confusing letters in a fashion that mixes attention to detail with humor and an intricate clarification of what is what in the world of the IRS.
The books are available in paperback and ebook on https://amzn.to/2LR55YR
A Bit of Tax Humor…
How can I help you?
If you have a state or 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.
Thank you for your kind words
Bacon Jalapeno Stuffed Pork Loin
Let me not be selfish and share this fantastic meat dish. Just because I have a very restricted diet, by my own choosing, there is no reason to skimp on pork yumminess for Jeff.
Jeff spends the day in the office preparing tax returns and helping folks resolve tax problems and comes home hungry. So it is up to me to stay low carb compliant and provide hearty but tasty dinners. Not everything is tossed into my slow cooker to set and forget… sometimes I actually cook on the stovetop on my new range.
This recipe is definitely a keeper. I cooked it on a grill indoors as am not the bbq chef in our house.