Posts

Showing posts from November, 2014

San Diego Tax Attorney Sentenced for Tax Evasion

Last Monday a US District Judge in San Diego sentenced Lloyd Irving Taylor to 5 1/2 years in federal prison

Former San Diego tax attorney sentenced for evading millions in taxesPosted: Nov 17, 2014 6:40 PM PST <em class="wnDate">Monday, November 17, 2014 9:40 PM EST</em>Updated: Nov 17, 2014 6:40 PM PST <em class="wnDate">Monday, November 17, 2014 9:40 PM EST</em>

SAN DIEGO (CNS) - A one-time San Diego tax attorney and certified public accountant was sentenced Monday to 5 1/2 years in federal prison for using the identities of deceased children to create aliases that allowed him to evade millions of dollars in taxes. In handing down the punishment for Lloyd Irving Taylor, U.S. District Court Judge Michael Anello also ordered the 71-year-old defendant to pay about $2.2 million in restitution to the Internal Revenue Service.
Following a weeklong trial in June, a jury conv…

San Diego Tax Attorney Sentenced for Tax Evasion

Last Monday a US District Judge in San Diego sentenced Lloyd Irving Taylor to 5 1/2 years in federal prison

Former San Diego tax attorney sentenced for evading millions in taxesPosted: Nov 17, 2014 6:40 PM PST <em class="wnDate">Monday, November 17, 2014 9:40 PM EST</em>Updated: Nov 17, 2014 6:40 PM PST <em class="wnDate">Monday, November 17, 2014 9:40 PM EST</em>

SAN DIEGO (CNS) - A one-time San Diego tax attorney and certified public accountant was sentenced Monday to 5 1/2 years in federal prison for using the identities of deceased children to create aliases that allowed him to evade millions of dollars in taxes. In handing down the punishment for Lloyd Irving Taylor, U.S. District Court Judge Michael Anello also ordered the 71-year-old defendant to pay about $2.2 million in restitution to the Internal Revenue Service.
Following a weeklong trial in June, a jury c…

Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: California Jury Aquits Banker of Conspiracy to Def...

Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: California Jury Aquits Banker of Conspiracy to Def...: On Halloween day, after just four hours of deliberation, a retired senior vice president at Israeli-based Mizrahi Tefahot Bank Ltd . (MZTF) ...

Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: California Jury Aquits Banker of Conspiracy to Def...

Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: California Jury Aquits Banker of Conspiracy to Def...: On Halloween day, after just four hours of deliberation, a retired senior vice president at Israeli-based Mizrahi Tefahot Bank Ltd . (MZTF) ...

California Jury Aquits Banker of Conspiracy to Defraud Using Offshore Bank Accounts

On Halloween day, after just four hours of deliberation, a retired senior vice president at Israeli-based Mizrahi Tefahot Bank Ltd. (MZTF) was acquitted in Los Angeles federal court on charges he helped U.S. customers conceal their assets from the Internal Revenue Service.  

Shokrollah Baravarian, 82, was acquitted of charges of conspiring to defraud the U.S. and helping Mizrahi clients prepare false tax returns. Prosecutors claimed Baravarian helped clients who opened accounts in Israel, didn’t declare them to the IRS and accessed money through loans from the Los Angeles branch.  The jury was not persuaded.  

The U.S. has been campaigning heavily to curtail offshore tax evasion. The IRS, through the US Department of Justice, has charged more than 70 taxpayers and three dozen offshore bankers, lawyers and advisers in offshore tax evasions schemes.  More than 45,000 Americans have avoided criminal prosecution by voluntarily disclosing their offshore accounts to the IRS, paying $6.5 bil…

California Jury Aquits Banker of Conspiracy to Defraud Using Offshore Bank Accounts

On Halloween day, after just four hours of deliberation, a retired senior vice president at Israeli-based Mizrahi Tefahot Bank Ltd. (MZTF) was acquitted in Los Angeles federal court on charges he helped U.S. customers conceal their assets from the Internal Revenue Service.  

Shokrollah Baravarian, 82, was acquitted of charges of conspiring to defraud the U.S. and helping Mizrahi clients prepare false tax returns. Prosecutors claimed Baravarian helped clients who opened accounts in Israel, didn’t declare them to the IRS and accessed money through loans from the Los Angeles branch.  The jury was not persuaded.  

The U.S. has been campaigning heavily to curtail offshore tax evasion. The IRS, through the US Department of Justice, has charged more than 70 taxpayers and three dozen offshore bankers, lawyers and advisers in offshore tax evasions schemes.  More than 45,000 Americans have avoided criminal prosecution by voluntarily disclosing their offshore accounts to the IRS, paying $6.5 bil…

IRS Seizes Assets of Legimate Business Owners without Judicial Review

Sen. Charles E. Grassley, R-Iowa, has expressed concerns about media reports of the IRS’s practice of prematurely seizing assets using civil asset forfeiture laws without suspicion of a crime. The Service indicated it would focus instead on areas where the funds are believed to have been acquired illegally or seizure is deemed justified by "exceptional circumstances." Grassley, ranking member of the Senate Judiciary Committee, acknowledged that, while the IRS plays a role in fighting money laundering and other criminal activity, "it has to treat business owners fairly." Richard Weber, chief, IRS Criminal Investigation (IRS CI), said that, after a thorough review of the IRS’s structuring cases over the last year, "and in order to provide consistency throughout the country (between our Field Offices and the U.S. Attorney Offices) regarding our policies, IRS CI will no longer pursue the seizure and forfeiture of funds associated solely with "legal source"…

IRS Seizes Assets of Legimate Business Owners without Judicial Review

Sen. Charles E. Grassley, R-Iowa, has expressed concerns about media reports of the IRS’s practice of prematurely seizing assets using civil asset forfeiture laws without suspicion of a crime. The Service indicated it would focus instead on areas where the funds are believed to have been acquired illegally or seizure is deemed justified by "exceptional circumstances." Grassley, ranking member of the Senate Judiciary Committee, acknowledged that, while the IRS plays a role in fighting money laundering and other criminal activity, "it has to treat business owners fairly." Richard Weber, chief, IRS Criminal Investigation (IRS CI), said that, after a thorough review of the IRS’s structuring cases over the last year, "and in order to provide consistency throughout the country (between our Field Offices and the U.S. Attorney Offices) regarding our policies, IRS CI will no longer pursue the seizure and forfeiture of funds associated solely with "legal source&qu…