Friday, May 17, 2013
The congressman representing Minnesota's Third District questioned IRS and Treasury Department officials at the U.S. House Ways and Means Committee Friday.
U.S. Rep. Erik Paulsen (R-MN) spoke out on the scandal involving the IRS giving extra scrutiny to conservative groups Friday. Paulsen tweeted: This is a bad week for America, that's the bottom line. #IRS needs to be held accountable. At a U.S. House Ways and Means Committee hearing on the matter Friday, Paulsen zeroed in on how long the IRS kept lists of donors it had collected from citizen groups, and whether it was common practice for the IRS to ask groups about connections to particular individuals. See a YouTube clip of Paulsen at the hearing here at the Patch desktop site or at YouTube.com.
Monday, October 22, 2012
Holly Damiani admitted she and her ex-husband used businesses to fund their lavish lifestyle—including the $2 million purchase of an island in St. Alban’s Bay in Lake Minnetonka and at least $3 million to design and construct a mansion on that island.
Holly Claire Damiani, the former wife of local real estate developer Jeffrey John Wirth, was sentenced late last week in federal court for filing a false federal individual income tax return. United States District Judge Ann D. Montgomery sentenced Damiani to three months in prison and one year of supervised release on one count of filing a false federal individual income tax return. Damiani, who was indicted along with her ex-husband and their tax return preparer on August 17, 2011, pleaded guilty on May 3, 2012. “This sentence is a direct result of our collaborative partnership with the U.S. Attorney’s Office in combating violations of federal tax law," Kelly R. Jackson, Special Agent in Charge of Internal Revenue Service (IRS) Criminal …
Tuesday, September 4, 2012
The IRS wants parents of college students to remember several helpful tax tips when tax time comes around.
- BACK TO SCHOOL
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Tuesday, September 4, 2012
Whether you’re a recent high school graduate going to college for the first time or a returning student, it will soon be time to head to campus, and payment deadlines for tuition and other fees are not far behind. The IRS offers some tips about education tax benefits that can help offset some college costs for students and parents. Typically, these benefits apply to you, your spouse or a dependent for whom you claim an exemption on your tax return. You can claim only one type of education credit per student in the same tax year. However, if you pay college expenses for more than one student in the same year, you can choose to take credits on a per-student, per-year basis. For example, you can claim the American Opportunity Credit for …
Thursday, August 23, 2012
IRS summertime tax tips guides charitable contributors to maximum deductions.
- NEWS
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Thursday, August 23, 2012
Information provided by the Internal Revenue Service Contributing money and property are ways that you can support a charitable cause, but in order for your donation to be tax-deductible, certain conditions must be met. Read on for six things the IRS wants taxpayers to know about deductibility of donations. 1. Tax-exempt status. Contributions must be made to qualified charitable organizations to be deductible. Ask the charity about its tax-exempt status, or look for it on IRS.gov in the Exempt Organizations Select Check, an online search tool that allows users to select an exempt organization and check certain information about its federal tax status as well as information about tax forms an organization may file that are available for …
Wednesday, April 11, 2012
Filing a form gives taxpayers until Oct. 15 to file a return. This is an extension of time to file, not an extension of time to pay.
- AWARENESS
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Wednesday, April 11, 2012
With less than a week until the April 17 tax deadline, the IRS today reminded anyone running out of time that they can easily get an automatic six-month tax-filing extension. The easiest and quickest way to get an extension is online through the Free File link on IRS.gov. Anyone, regardless of income, can use this free service to electronically request an automatic extension using Form 4868. Filing this form gives taxpayers until Oct. 15 to file a return. This is an extension of time to file; not an extension of time to pay. In Minnesota, about 143,600 taxpayers are expected to request an extension of time to file their tax return. “Typically, we see around 25 to 30 percent of returns filed in the remaining weeks of the filing season,” …
Monday, March 19, 2012
IRS Offers Tax Tips for Taxpayers with Foreign Income
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Monday, March 19, 2012
The Internal Revenue Service reminds U.S. citizens, including those with dual citizenship who have lived or worked abroad during all or part of 2011, that they may have a U.S. tax liability and a filing requirement in 2012. The IRS offers the following seven tips for taxpayers with foreign income: More information is available in Publication 4261, Do You Have a Foreign Financial Account? IRS publications, forms and more information on topics useful to individual international taxpayers can be found on the International Taxpayer page on this website. Links:
Wednesday, September 21, 2011
Tuesday's guilty plea was made in U.S. District Court.
- NEWS
- Jay Corn
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Wednesday, September 21, 2011
The U.S. Justice Department announced late Tuesday that a Long Lake man has pleaded guilty to one count of filing a false federal corporate tax return. As part of his plea agreement, John Joseph Bridge admitted he understated the 2008 gross revenue of Mound-based Fineline Lakeshore, Inc. by $89,000. Bridge is one of three controlling partners of Fineline Lakeshore and was responsible for providing information to the company's tax preparers. Bridge was formally charged by the U.S. Attorney's Office earlier this month after an investigation conducted by the I.R.S. He faces up to three years in prison if given the maximum sentence for the felony-level crime. No sentencing date has been scheduled. Information provided by the U.S. Department of…
Wednesday, September 7, 2011
Internal Revenue Service says income for Mound business was understated on its 2008 tax return.
- NEWS
- Jay Corn
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Wednesday, September 7, 2011
Charges filed last week in federal court allege a Long Lake man filed a false corporate income tax return for his business. John Joseph Bridge faces one count of filing a false return after allegedly understating the 2008 revenue of Fineline Lakeshore, Inc. Bridge, according tot he Department of Justice, is one of Fineline Lakeshore's three controlling partners and was responsible for providing accurate information to the company's tax preparers. The charges filed last week culminated an IRS investigation, and the case is being prosecuted by the U.S. Attorney's Office. Bridge faces a maximum penalty of three years in prison if convicted.
Mike B.
11:46 am on Saturday, May 18, 2013
John, that is the only talking point the Democrat congressmen had on Friday. That talking point had to have come from President Obama and Harry Reid. It was hilarious the way the Democrats were trying to defend the indefensible. Same thing on Benghazi. I predict the Republicans will have at least 300 seats in the next House of Representatives. Many Democrats will be voted out of "safe" districts… more ›