Tax Resolution Times
September 23, 2020
Protecting YOUR Income and Assets since 1991
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Patrick T. Sheehan, Esq.
Former IRS Attorney
President of IRS Trouble Solvers ® |
Raymond and Angie Adamee of Bourbonnais, IL, were each sentenced to 12 months in federal prison followed by 12 months of home confinement for under-reporting income on filed tax returns related to the liquor store they owned. Both were ordered to pay restitution to the IRS and the Illinois Department of Revenue in the amount of $642,736.00.
The couple each pled guilty to under-reporting the gross receipts of their business Kankakee Plaza Liquors (KPL) for the years 2012 through 2016, by approximately $1.6 million. The fraud came to light when the couple listed the business for sale with a business broker for $600,000.00.
An IRS Criminal Investigation Division (IRS-CI) undercover agent contacted the broker to request more information about KPL and learned that KPL’s reported income to the IRS was substantially lower than represented in the sale advertisement. When IRS-CI agents executed a search warrant at the couple’s home and business location on November 29, 2017, they found tens of thousands of dollars in cash kept in a safe at their residence, according to court documents.
The couple still own the business and are trying to sell it, their attorneys stated.
Ashokkumar Patel of Hoffman Estates, IL, pled guilty in federal court to conspiracy, fraud and money laundering charges for the scam that the U.S. Attorney’s Office says made him $881,662.00. Patel, who impersonated an IRS employee and stole nearly $900,000.00 has been sentenced to 40 months in federal prison, with a year of supervision after his release.
From December 2013 to October 2014, Patel was part of a conspiracy whereby victims in the United States were contacted by individuals, primarily in India, and falsely told that they owed money to the IRS. The victims were told that in order to avoid imminent arrest they had to purchase MoneyPak, or other types of prepaid store cards, load thousands of dollars onto them, and provide the serial numbers to the callers.
According to prosecutors, the money was then used to buy prepaid cards that were then used to purchase money orders and deposited into various bank accounts, including Patel's.
Patel now faces deportation and is ordered to pay restitution to his victims.
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Peter Jamgochian, the co-owner of a commercial cleaning company in New Jersey, admitted to tax evasion totaling more than $300,000.00 in tax liability stemming from cashing checks at a check cashing facility, paying employees off the books, and failing to report all income.
Between 2013 and 2014, Jamgochian cashed over $2 million in check payments made by customers, then used the cash to pay employees and personal expenses. He kept this information from the company’s accountant and knowingly signed false corporate returns.
Jamgochian’s actions caused the company to underpay $248,936.00 in medicare and social security taxes, and caused the IRS an additional tax loss of $76,201.00 by understating his personal income. He faces a maximum prison sentence of three years and $250,000.00 in fines.
If you have an IRS issue, or just want to refer a friend, relative or client, we’d love to hear from you. We can provide a no-obligation confidential consultation to help you solve your IRS problems. Call 877 4 IRS LAW today!
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Your Tax Questions Answered Here
Question: I received a Notice of Federal Tax Lien via Certified Mail for unpaid taxes and I’m scared and don’t know what to do. How do I get this situation resolved?
Answer: A Notice of Federal Tax Lien (NFTL) is public record and is generally filed with the County Recorder where you reside. It is a formal notice to all your creditors that the IRS has a secured interest in your real and personal property. A federal tax lien is usually the “kiss of death”. However, there are 4 ways to resolve a federal tax lien – you can request a Lien Subordination, a Lien Discharge, a Lien Release, or a Withdrawal of a Federal Tax Lien.
A federal tax lien will make it very difficult, if not impossible, for you to purchase or sell a home, vehicle and other property on credit. It may also prevent you from accessing the equity in real property you may have built up over the years. However, the IRS has several different options that deal with resolving a NFTL if you qualify. One of these is to apply for a Withdrawal of the Lien. Winning a withdrawal of a NFTL is as if it never existed in the first place! The IRS will consider this if the Lien was filed prematurely or was not in accordance with IRS procedures, which happens a lot! It’s important to consult with a tax professional to see what Lien relief programs you may be eligible for before the IRS starts seizing your property. The good news is that you generally won’t have to meet or even speak with the IRS while we’re retained. We can help protect what you own and preserve your rights!!
We at IRS Trouble Solvers are experts in IRS tax problem resolution and help taxpayers with their IRS problems every day. There is a solution to EVERY problem. Generally, you’ll never have to meet or speak with the IRS once you bring us into the picture. Call us today at 877-4 IRS LAW!
I could not do this without you and your referrals! Today I thank Attorney Maria Vasos, a business and corporate attorney for her referral. Maria focuses on Business and Corporate Counseling, Contracts, Real Estate, Trust and Estate Planning and Administration. If you need assistance in these areas, you can reach her at (630) 953-6157.
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2020 Patrick T. Sheehan & Associates, d/b/a IRS Trouble Solvers®
All rights reserved.
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Our mailing address is:
314 N. York Rd.
Elmhurst, IL 60126
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