Snider returned to Brooklyn on a sad note on July 20, 1995, when he appeared in federal court, a couple of miles from where Ebbets Field once stood, as a criminal defendant. Snider and another Hall of Famer, the former Giants first baseman Willie McCovey, pleaded guilty to tax fraud for failing to report thousands of dollars earned by signing autographs and participating in sports memorabilia shows. “We have choices to make in our lives,” Snider said. “I made the wrong choice.” [NYT]
Related Posts
IRS Getting Back to Scaring People into Tax Compliance
If you’ve got a offshore bank account and are less than with it when it comes to tax compliance, it might be advisable that you talk to your accountant.
The IRS, who is becoming increasingly less cuddly under the Obama Administration, is stepping up its scrutiny of Americans with income derived from offshore accounts greater than $10,000.
However, because the Service doesn’t want to come off as a big meanie, it is giving everyone late to the game until September 23rd to file their Foreign Bank Account Report (FBAR). If you’re the type that doesn’t concern yourself with such matters, here are some things you can look forward to:
Those who have inadvertently failed to report offshore income, even just a few hundred dollars, could be subject to a $10,000-a-year penalty going back several years. For those the IRS considers willful tax evaders, it is much worse. The IRS can impose a penalty of $100,000, or one half the value of the account, whichever is greater, per year.
Those of you that have been scofflaws on your offshore accounts, don’t fret. The IRS is allowing to confess your sins and report yourselves under their “voluntary disclosure program”. However, you will still have to be investigated by the Service’s criminal division which sounds about as pleasant as a rectal exam in front of all your friends.
IRS Gets Tougher on Offshore Tax Evaders [WSJ]
REG Changes Are Coming Right After Santa; Here’s What CPA Exam Candidates Need to Know
Do you remember December 2017? You know, back when “The Last Jedi” premiered (RIP, Carrie […]
TaxSlayer.com Is the New Corporate Sponsor of The Gator Bowl
You may have heard that the college football season over the weekend, which means tax professionals’ mandatory Saturdays will be a little more unbearable and your football crazed significant other will not be seen nor heard from (with the exception of deafening bodily functions) until January.
January, of course, is bowl season when the best teams in the land compete for bragging rights as champions of various BCS bowls. It also allows a few dozen mediocre teams to play equally mediocre teams for no particular reason. One of these bowls is the Gator Bowl. Sure it might be the 6th oldest bowl and sure, it has been played on New Year’s Day since 1996 but that doesn’t make it any more meaningful. It will feature teams from the SEC and The Big 10 that will be a threat for their respective conference championships for 2 to 3 weeks. In short, the Gator Bowl has a long tradition of fielding third-rate football teams.
So it makes perfect sense for TaxSlayer.com, tax prep company with a long tradition of third-rate service, to sponsor the Gator Bowl:
The Evans, Ga.-based company announced a multi-year partnership Thursday with the Gator Bowl Association and the fact that it was named a new “title sponsor” of the bowl, starting with the 2012 Gator Bowl in Jacksonville, Fla., on Jan. 2.[…] TaxSlayer may not have the same name recognition as TurboTax or TaxAct, but it comes out of a tax prep business that dates back 40 years.
And in case you’re not convinced that TaxSlayer.com isn’t doing everything they can to get their name out there, they also sponsor Dale Earnhardt, Jr., which will make them a household name in no time. In the South, anyway.
[via AT]