The IRS has filed felony criminal tax charges pursuant to Internal Revenue Code Section 7202 for willful failure to collect, truthfully account for and pay over trust fund taxes. This is yet another in a series of criminal tax charges being brought against responsible officers who haven’t paid over corporate trust fund taxes. In most situations the IRS proceeds against responsible officers who willfully fail to pay corporate trust fund taxes, by assessing the tax directly against the individual under Internal Revenue Code Section 6672. This is generally referred to as the trust fund recovery penalty. Sometimes the IRS goes further and brings criminal tax charges.

In this case the defendant is a New York CPA who, according to the information filed in U.S. District Court, failed to pay payroll taxes to the IRS for three years running.

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Mr.

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The picture says it all, no? In case you can’t tell, I am driving an old car with flaming Sweet Sixteen candles on top of it, crossing over the 250,000 miles banner. The car is also disproportionally big compared to the driver.

My 1996 Honda Accord sedan is running strong, running long after sixteen YEARS and 250,859 MILES. When my dad passed down his car to me when I left college, it was already 10+ years old. Now that it crossed over the quarter-million mark, it’s still doing well with no immediate problems. Can you believe it?

Here’s what I wrote in ode to old cars post back in 2009:

1. An Old Car is most likely to paid off. Which means… no car payment, which means… more money in your pocket. Of course, repairs can cost higher than a new car’s, but in many cases the math still works out in the Old Car’s favor. Even with peri

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In the current economic climate, more and more people prefer to rent rather than buy. But the growth of financial problems has also led to an increasing number of unreliable tenants with one on three landlords nationwide reporting of cases of rental arrears. Not only homeowners have problems in such a situation. If you are stuck in a leasing apartment you need a serious person to take over your lease. With tenanthunter.com finding a tenant can be a quick process, when you have a candidate in several hours.

Let’s look closer at some dos and don’ts of choosing the right tenants. F Read more…

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Many years ago I worked in a municipal permits and inspections department. Builders came in and applied for permits, we issued them and then took care of the inspections to make sure that homes and business were being built according to the current building codes. You wouldn’t think there would be too many money lessons to be learned in such a job, but many years later I realized that I’d learned how to build a stable financial life, in part, by watching houses being built.

I’m always frustrated by people who have the magical idea that a stable, successful financial life just somehow “happens.” They seem to think that they deserve to have everything fall into place or that someone or something (like a lottery win) will come along to take care of everything. They get frustrated and angry when the magic fails to happen and blame everything and everyone else. They seem

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