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As the deadline approaches and we all have to fill out the dreaded Schedule C (tons of fun, I know) let's all be reminded to play nicely with the IRS:
Insurance agent jailed for over-stating his business expenses to IRS | Insurance & Financial Advisor I IFAwebnews.com
"Ushiroda, whose business was on Maui, falsely stating the cost of doing business on his Schedule C for that year. He admitted in court that he had filed false tax returns for the calendar years 2003 through 2007, for a tax loss to the United States in the amount of $911,878 and a loss to the State of Hawaii, where he also filed false tax returns for the same years, in the amount of $205,715.
Starting in 2003, he began to overstate his Schedule C expenses by over twofold because he needed more money to support his lifestyle, which included supporting his own family, consisting of a wife and two adult children; his elderly parents; and a separate family and residence on Maui as a result of an extramarital affair that began in 2003, prosecutors said."
Insurance agent jailed for over-stating his business expenses to IRS | Insurance & Financial Advisor I IFAwebnews.com
"Ushiroda, whose business was on Maui, falsely stating the cost of doing business on his Schedule C for that year. He admitted in court that he had filed false tax returns for the calendar years 2003 through 2007, for a tax loss to the United States in the amount of $911,878 and a loss to the State of Hawaii, where he also filed false tax returns for the same years, in the amount of $205,715.
Starting in 2003, he began to overstate his Schedule C expenses by over twofold because he needed more money to support his lifestyle, which included supporting his own family, consisting of a wife and two adult children; his elderly parents; and a separate family and residence on Maui as a result of an extramarital affair that began in 2003, prosecutors said."
