May 2011 Newsletter
IRS TAX CHALLENGER NEWSLETTER
DEDICATED TO IRS TAX PROBLEM RESOLUTION
May 2011
Thoughtful Things
"The hardest thing in the world to understand is the income tax." Albert Einstein
INSIDE THIS ISSUE
Failing to File
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Our People Profile
Deloris's Devine Dishes
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Failing To File A Tax Return Is A Crime!
Most people have heard of the civil money penalties and interest for failing to file their tax returns: the failure to file penalty and the interest that is owed on the amount that they did not pay. They think that the worst thing that can happen is that they have to give the IRS more money when they finally straighten things out.
Warning: it is a crime to not file your return.
Wesley Snipes found out this out the hard way. Wesley Snipes is reported to have originally have been charged with federal tax fraud and conspiracy as well as the charges for failing to file a return. He was convicted of failing to file his returns for three years. 26 USC §7203 states that willfully failing to file a tax return is a misdemeanor federal offense and those convicted shall be fined not more than $25,000 ($100,000 in the case of a corporation), or imprisoned not more than 1 year, or both, together with the costs of prosecution. Snipes continues to appeal his conviction from jail.
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OUR PEOPLE PROFILE
Tom S. Ebbinghouse Attorney Tom S. Ebbinghouse graduated from DePauw University in Greencastle, Indiana in 1977 where he majored in economics. He was a DePauw Rector Scholar as well as a member of the freshman scholastic honor society (Phi Eta Sigma) and the economics honor society (Omicron Delta Epsilon). Tom served as a law clerk for the Honorable J. Brandon Griffis of the Wayne Superior Court #1 for two summers while attending law school. He earned his law degree from Indiana University School of Law at Bloomington in 1980 graduating cum laude. He then was a Law Clerk for two years for the Honorable Robert H. Staton of the Indiana Court of Appeals. In 1982 Tom opened his solo practice in Indianapolis where he has concentrated his practice in IRS tax problem resolution, Elder Law -incapacity (advance directives and guardianships), disability and long-term health care issues (Social Security and Medicaid planning), wealth preservation (trusts and wills), and estate administration. Tom has also served as an expert on Social Security law for other attorneys in non-disability cases that involve Social Security issues. Tom is a member of the Indiana State Bar Association and the Indianapolis Bar Association. He is also a member of the American Society of Tax Problem Solvers, National Academy of Elder Law Attorneys, Inc. and the National Organization of Social Security Claimants’ Representatives. He was admitted to the U.S. Tax Court in 1983.
Tom is an Eagle Scout and has been the treasurer and Cubmaster of Pack 61 and an Assistant Scoutmaster of Troop 56. His oldest son became an Eagle Scout in 2008 and his youngest son became an Eagle Scout in 2010. Tom’s father, uncle, two brothers, and nephew are also Eagle Scouts.
My mother-in-law (Joan Doloris) is a fantastic cook and I wanted share her recipes with you.
Each month I will feature great down home comfort food for you to enjoy.
Doloris's Devine Dishes
Spinach Maria
5 (10 oz packages frozen chopped spinach)
1 tsp dry mustard
1 3/4 tsp crushed red pepper
1 Tbsp butter
6 Tbsp flour
8 oz cheddar cheese
4 oz Monterey jack cheese
1 ½ cups grated Monterey Jack cheese (for topping)
4 ½ cups milk
1 tsp granulated garlic
½ medium yellow onion
5 Tbsp melted butter
8 oz Velveeta cheese
Thaw spinach in refrigerator for 24 hours.
Squeeze excess water as much possible out of the spinach.
Heat milk and spices in 4 qt saucepan on medium heat to just below boil. Reduce heat and simmer.
Finely chop onion and sauté in 1 Tbsp butter on medium heat for 5 to 8 minutes.
Add to Saucepan. Combine 5 Tabs melted butter with the flour in a small sauté pan. (This is the first step of making roux, which will thicken the sauce.) Mix until completely blended. Cook on low heat 3 to 4 minute to make roux. Add roux to milk in saucepan and mix well. Cook until sauce thickens. Cut the Velveeta, cheddar and jack cheese into small cubes and add to saucepan. Continue to mix until all the cheese is completely melted and blended into the sauce. Be careful not to burn the sauce while the cheese is melting. Remove from heat. Allow to cool for 15 minutes. Add drained spinach to cheese sauce, mix until completely blended. Spoon into a 11 x 9 x 2 inch or larger casserole and top with grated Monterey JackCheese. Bake at 350 for 12 to 15 minutes, until hot and bubbly. Makes 12 servings.
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Winning Your Disability Claim By The Rules
The Social Security Disability Game
Call 317-635-4010 to request your free book or go to our website www.DisabilityTSE.com
Tax Returns for 2010 Due April 18, 2011
The Indiana Department of Revenue has announced that like federal income tax returns for 2010, the filing deadline for Indiana Income tax returns for 2010 is April 18, 2011 due to observance of Emancipation Day in Washington, D.C. on the usual date (April 15).
Even if you cannot pay the tax that is due, you can avoid penalties by filing your tax return on time. Congress has mandated to the IRS that it shall impose a penalty for filing your tax return late. The penalty is five percent per month up to a maximum of 25%, of the tax due but unpaid by the due date of the return. This works out to be an annualized rate of 60%!! When you add in interest, and late penalty, this can be an effective annual rate of interest in excess of 75%.
Many people also forget that failing to file your tax return is a crime.