Real Estate professionals caught in tax-evasion sweep
Associated Press - March 21, 2008 3:15 AM ET
ALBANY, N.Y. (AP) - Thirty-one real estate professionals are being charged with tax evasion after a New York State Department of Taxation and Finance investigation.
Authorities say the defendants range from independent contractors with a small to mid-size businesses, to agents with multimillion dollar listings with large New York City firms.
Together, they are accused of not reporting more than $13 million of income and evading $650,000 in state income tax.
Twenty-nine of those accused face felony tax evasion charges for failing to file returns for three or more years in a row and could face 1-1/3 to 4 years in state prison if convicted.
The other two are charged with misdemeanors and could be sentenced to up to a year in jail if convicted.
29 nonfiling real estate agents
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- Grand Exalted Keeper of Esoterica
- Posts: 5773
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29 nonfiling real estate agents
It's too soon to know if they're TPs.
Demo.
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- Black Seas Commodore Designate
- Posts: 179
- Joined: Wed Apr 13, 2005 3:06 am
- Location: Where the Grass is Green and the Girls Are Pretty
Re: 29 nonfiling real estate agents
IRS agent:
"Put the coffee down. Coffee's for closers who pay their taxes."
"Put the coffee down. Coffee's for closers who pay their taxes."
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- Faustus Quatlus
- Posts: 798
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Re: 29 nonfiling real estate agents
GGRCobalt Shiva wrote:IRS agent:
"Put the coffee down. Coffee's for closers who pay their taxes."
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- Black Seas Commodore Designate
- Posts: 179
- Joined: Wed Apr 13, 2005 3:06 am
- Location: Where the Grass is Green and the Girls Are Pretty
Re: 29 nonfiling real estate agents
Alec Baldwin should've retired after doing that scene.Mr. Mephistopheles wrote:GGRCobalt Shiva wrote:IRS agent:
"Put the coffee down. Coffee's for closers who pay their taxes."
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- Faustus Quatlus
- Posts: 798
- Joined: Wed Jan 30, 2008 3:46 am
Re: 29 nonfiling real estate agents
Agreed.Cobalt Shiva wrote:Alec Baldwin should've retired after doing that scene.Mr. Mephistopheles wrote:GGRCobalt Shiva wrote:IRS agent:
"Put the coffee down. Coffee's for closers who pay their taxes."
http://www.youtube.com/watch?v=TROhlThs9qY
<warning to all: LOTS of naughty words in that clip>