Tax law is confusing. If you run your own business or have otherwise complicated tax returns, it's easy to make mistakes and end up owing the IRS a lot of money.
With the New Year just around the corner families in Massachusetts come together to celebrate the close of 2011 with those who are closest to them. They gather around the Christmas tree and share stories, exchange gifts and enjoy one another's company. Nothing puts a damper on the holidays more than a notice from the IRS about a tax audit or a claim that you still owe money from last year.
Massachusetts native and acclaimed film maker Daniel Adams was arraigned recently in Boston Municipal Court. Adams directed the films "The Golden Boys" and "The Lightkeepers" on Cape Cod. Now he is accused of tax crimes in connection with the making of those movies. The film maker is accused of receiving a tax credit overpayment of approximately $4.7 million.
There may be times when Boston residents make mistakes. This can be especially true when it comes to the complexities of tax law and alleged tax evasion issues. One Massachusetts pediatrician may know first-hand how serious these types of charges can be, as he was recently sentenced in federal court for several counts of tax evasion and failing to file tax returns.On Nov. 29, a U.S. District Judge sentenced the doctor to nine months of home confinement with electronic bracelet monitoring. The man was also fined $20,000. The nine months of home confinement will be part of a five-year period of supervised release, during which time the doctor is required to cooperate with the Internal Revenue Service in paying his outstanding tax obligation.
A Massachusetts Bay Transportation Authority (MBTA) inspector is now facing tax crimes charges, as prosecutors claim that he lied on state income tax forms. The man was also indicted by a Suffolk County Grand Jury on several charges of larceny.