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February 06, 2012
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Taxation Legal News

 


Lake Worth Tax Return Preparer Convicted On Tax Fraud, Contempt Charges

Following a five-week trial, a federal jury in West Palm Beach has found defendant Louis Wayne Ratfield, a Lake Worth, Fla., tax return preparer, guilty on 50 charges against him in connection with his participation in a tax fraud scheme to hide income and assets in bogus trusts, Eileen J. O’Connor, Assistant Attorney General for the Justice Department’s Tax Division, R. Alexander Acosta, U.S. Attorney for the Southern District of Florida, and Michael Yasofsky, Jr., Special Agent in Charge, Internal Revenue Service (IRS), Criminal Investigation Division announced today.

On April 13, 2006, a 56-count indictment was returned charging Ratfield with preparing for clients and himself fraudulent federal individual and trust income tax returns, corruptly impeding the enforcement of the tax laws and criminal contempt. Prior to trial, the government dismissed five of those counts. The indictment alleged, and evidence offered at trial established, that Ratfield operated a tax preparation business, LWR Accounting and Tax Service, which was later called LWR Financial Services Trust. The businesses were located in Lake Worth where Ratfield also resided. Read more at usdoj.gov.

 

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Did You Know?    
 
 
Corporate Reorganizations; Transfers of Assets or Stock Following a Reorganization
These proposed regulations address the effect of transfers of the assets or the stock of parties to a reorganization pursuant to transactions intended to qualify as reorganizations within the meaning of section 368(a) of the Internal Revenue Code. REG-130863-04. Published August 17, 2004.

 


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News about Taxation cases in Kentucky and nationwide:

IRS Gives Northeast Storms Victims Until April 26 To File Tax Returns
Taxpayers affected by the major storm that hit the Northeastern United States April 16 now have until Thursday, April 26 to file their tax returns,...
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Electronically Filed Returns Up More Than 5 Percent
The Internal Revenue Service announced today that taxpayers are continuing to electronically file their tax returns at a record pace, up more than ...
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2005 Federal Earned Income Tax Credit
Earned Income Credit Amounts Increase

The maximum amount of income you can earn and still get the credit is higher for 2005 than it is for ...

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Taxation Terms

 


Today's Terms

Electric and Clean-Fuel Vehicles

Definition:
For vehicles placed in service in 2004, the maximum clean-fuel vehicle deduction and qualified electric vehicle credit are scheduled to be reduced by 25%, as compared to 2003.

Compulsory payroll tax

Definition:
An automatic tax collected from employers and employees to finance specific programs.

Partnership return

Definition:
If you need more time to file a partnership return, file Form 8736, Application for Automatic Extension of Time To File U.S. Return for a Partnership, REMIC, or for Certain Trusts, for an automatic 3-month extension. File Form 8736 by the regular due date of the partnership return.

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Tax Legal Resources

 


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Taxation Hot Topics

 
Topics Related to Taxation Law:
  • Income Tax Cases
  • Recent Estate & Gift Tax Cases
  • Recent Income Tax Cases
  • State Statutes Dealing with Taxation

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Kentucky Taxation Attorney

 
If you live in the following cities and need an taxation attorney you should contact our Taxation Attorney as soon as possible:

  • Ashland
  • Bardstown
  • Berea
  • Bowling Green
  • Campbellsville
  • Corbin
  • Covington
  • Danville
  • Elizabethtown
  • Erlanger
  • Florence
  • Frankfort
  • Ft Mitchell
  • Georgetown
  • Glasgow
  • Henderson
  • Hopkinsville
  • Latonia
  • Lexington
  • Louisville
  • Madisonville
  • Mayfield
  • Morehead
  • Murray
  • Newport
  • Nicholasville
  • Owensboro
  • Paducah
  • Pikeville
  • Radcliff
  • Richmond
  • Shelbyville
  • Shepherdsville
  • Versailles
  • Winchester
 


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