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So the lady from IRS is getting nosy, and she seems to be on to your foreign bank accounts. So do you get in touch with your lawyer, own up, and try to work out a civil settlement? Or do you go with Plan B and hire a biker named "Reaper" to kill the agent and burn down the local IRS office? Well, what could possibly go wrong with Plan B?
It didn't work out for Floridian Randy Nowak, who was sentenced yesterday to 30 years in federal prison for trying to do just that. It didn't work out largely because "Reaper" was an undercover FBI agent, which absolutely ruined what was already an insane and doomed plan (IRS exams don't just vanish if the agent does).
Mr. Nowak will be pushing 80 when he emerges from the Bureau of Prisons old folks wing. He may want to consider a different approach to tax compliance then.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to