Residents of Massachusetts may be interested in a tax evasion case involving the creator of Beanie Babies. The billionaire developer of the massively popular plush toys recently pleaded guilty to charges of tax evasion. After failing to report earnings from an...
Month: September 2013
Former strip club owner charged with tax evasion
A Massachusetts man has been indicted and charged with tax evasion in U.S. District Court. The indictment accuses the defendant of various tax-related crimes that allegedly took place over a 15 year period starting in 1994. According to the charges listed in the...
New IRS laws to impact restaurants
Restaurants in Massachusetts will be having to deal with new rules regarding the way that the Internal Revenue Service handles some tips for waiters. The IRS will now classify a number of waiters' tips as taxable income to the restaurant instead of considering them to...
Expats from Boston caught in Swiss bank move against tax evasion
A group of U.S. citizens, including Boston natives, living in Switzerland, said that they've been labeled tax dodgers. This was in reaction to a move by Swiss banks to prevent tax evasion through its secret accounts. The deal required banks to reveal data about...