Wesley Snipes

Most of us have read about Wesley Snipes 12 million tax problem with the IRS, unfortunately this happens to thousands of taxpayers each year. I actually feel sorry for him because despite his apparent bad judgment, he did hire a “professional” to do his taxes; they broke the trust by taking advantage of him. Charging a percentage was unethical and now illegal by IRS circular 230.

The story usually goes like this, the taxpayer meets an accountant or CPA through a friend or co-worker that performs miracles on tax returns, giving the client huge refunds or explains why you don’t have to pay taxes through their unique brand of voodoo. Next, the IRS audits a return prepared by this magical accountant/CPA, and then you guessed it, the outcome is nasty for the taxpayer and then IRS audits everyone the accountant/CPA prepared returns for. The taxpayer then has to return of the refund for one or more years with the penalties and interested charged by the IRS, this creates a huge problem for the taxpayer, hence, the reason they contact us seeking help. Most of our clients tax debts are obviously much smaller than Wesley Snipes, but the problem is just a big in their world.

If it sounds too be good…it usually is.