Marcos Esparza Bofill, a failed day-trader, has been hit with a $172 million tax bill from the Internal Revenue Service. “Who’s the IRS?” the young Spanish emigre asked when a friend told him about his huge tax bill. It seems Esparza Bofill moved from Spain to New York back in 2006 to try and conquer [...]

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Is Nicolas Cage broke? By most people’s standards, he would probably be considered so and he’s suing his business manager because of it. In a lawsuit that was filed on October 16th in L.A., Cage claims that his business manager, Samuel J. Levin, “lined his pockets with several million dollars in business management fees while [...]

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Employees of community organizing group ACORN were videotaped on hidden camera offering to assist two people pretending to be a pimp and a prostitute. The ACORN employees encourage them to lie to the IRS and also offer advice on how to claim underage girls from South America as their dependents. The footage was made public [...]

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If you receive a Notice of Unreported Income email from the IRS, beware…the note is a phishing scam. The fake IRS message regarding income purports itself as a legitimate IRS Notice called a CP2000. The note claims to be from no-reply@irs.gov but note that this is merely a phony email address. The Notice of Unreported [...]

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