IRS claims Rose owes almost a million
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Baseball&#39;s all-time hit king has been hit with another tax lien by the Internal Revenue Service. Pete Rose, who has battled the IRS as much as Major League Baseball since he was banned for life from the sport 15 years ago, owes ...
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GALVESTON -- Galveston County has sued former Enron Corp. finance chief Andrew Fastow, claiming he and his wife Lea owe more than $17,400 in back taxes on a beach home in a posh subdivision.
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PORTSMOUTH, NH -- The taxman is looking for 230 New Hampshire residents, and he wants to give them money. The Internal Revenue Service said the refund checks it mailed to the residents came back undelivered and unopened, with more than $221,000 unclaimed.
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By Hank Shaw, The Record, Stockton, Calif.  Sep. 7--SACRAMENTO -- An Alaskan oil services company under federal  investigation in connection with allegations of influence peddling has  contributed nearly $18,000 to Rep.
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By Steven Oberbeck, The Salt Lake Tribune  May 25--A Utah man who the federal government and courts contend operated  an illegal Ponzi scheme that cost investors more than $13 million has been  ordered to surrender his gains.   Patrick M.
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As the second employee of InfoSpace, Jean-Remy Facq saw the value of his stock inflate and then collapse. Now he's suing in federal court in Seattle for a &#36;4.5 million refund of 1999 federal income tax. He's just one of 200 tech workers who have hired Seattle tax lawyer/CPA Brian G. Isaacson in the hope his novel theories will help them slash old (and sometimes unpaid) tax bills from their exercise of stock options for shares that later tanked.
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A taxpayer who made more than $1 million had a one-in-16 chance of being audited by the IRS in the fiscal year just ended, up slightly from the year before.
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Â· Rose also promised Â£4.5m in shares if targets are met  Â· Shopworkers in line for payouts of Â£500 each
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The Internal Revenue Service is looking for more than 600 Arkansans whose federal income tax refund checks totaling almost $424,000 were returned to the IRS as undeliverable by the Postal Service.
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A former business associate of  Michael Jackson filed a breach-of-contract suit against the pop  star on Tuesday, seeking $3 million he says the performer owes  him for unpaid loans, cash advances and producing fees.
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Individual taxpayers will be able to claim a refund of up to $60 on their 2006 federal returns as the government attempts to give back $8 billion in long-distance telephone taxes that courts have ruled should not have been collected.
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WASHINGTON -- A federal initiative to repay investors who lost money because of corporate wrongdoing and other misdeeds has amassed $2.6 billion in just two years and has played a role in almost 100 cases settled by federal regulators.
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Many families are facing the prospect of significantly higher-than-expected taxes when it comes time to sell investments held in a childâs name to pay college costs.
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Federal prosecutors contend a businessman known for pledging money to help track down criminals has pocked $3.2 million of income over the past several years while not paying federal taxes since 2000.
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By The News & Observer, Raleigh, N.C.  Sep. 17--GSK to pay billions to IRS   GlaxoSmithKline got the tax man off its back.   The drug maker agreed to pay $3.1 billion in cash to settle a 16-year dispute with the Internal Revenue Service.
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(InfoWorld) - A civil lawsuit accusing Henry Nicholas III, the former president and CEO of Broadcom Corp., of mistreating employees, using illegal drugs and paying for prostitutes, has reportedly caught the attention of U.S. law enforcement officials investigating stock options backdating at the company. Nicholas, who resigned from Broadcom in January 2003, is the target of a civil lawsuit brought by cousins Kenji and Scott Kato, both former employees of Nicholas. The lawsuit, filed in November in Superior Court of California for the County of Los Angeles, alleges that Nicholas and his lawyers reneged on a settlement for wrongful termination and other claims. The Wall Street Journal reported Friday that the U.S. Attorney's Office for the Central District of California, which is investigating stock options backdating at Broadcom, has begun looking into the Katos' claims. The U.S. Federal Bureau of Investigation interviewed Kenji Kato in April, and this week, it began interviewing other Nicholas employees, the news report said. Kenji Kato's lawyer, Joseph Kar, declined to comment on the U.S. Attorney's interest in the case. A spokeswoman for the U.S. Attorney's office didn't immediately return a phone call seeking comment on the investigation. Broadcom, a chip maker for communications devices, announced in January it would take a $2.24 billion charge for stock options backdating. Broadcom said it found options for 232.9 million shares of company stock that had been backdated, with 9.7 million of those shares going to executive officers. Kenji Kato, who describes himself in court documents as a former personal assistant of Nicholas', said Nicholas and his lawyers offered him a settlement of more than US$2.9 million in November, then withdrew it. Kato had accused Nicholas of wrongful termination, breach of contract and infliction of emotional distress, among other things. Kenji Kato worked for Nicholas from October 1999 to April 2006, and during much of that time, Nicholas threw wild parties and regularly used illegal drugs such as cocaine, according to a court filing from May. While at Broadcom, Nicholas hired prostitutes for clients and for himself, and he spiked customer drinks with powdered ecstasy pills to lower their "inhibitions and guard," Kato said in the filing. Nicholas' lawyer, Steven Silverstein, didn't immediately return a phone call seeking comment on the lawsuit. But in court documents, Nicholas' lawyers deny the allegations and accuse Kato of attempting to extort money from Nicholas. Kato signed a confidentiality agreement when working for Nicholas, according to documents filed by Level 7 LLC and The Management Company LLC, two companies owned by Nicholas. Kato has threatened to make public "certain sensitive private alleged facts ... which he had expressly promised to keep private," the Level 7 court documents say. "Kato's wrongful conduct by issuing these threats ... will cause great and irreparable injury to plaintiffs." Nicholas regularly yelled at employees, and he demanded that Kenji Kato carry a bag with illegal drugs for him, according to Kenji Kato's filing. Nicholas also demanded that Kato use drugs along with him, Kato said. "I was regularly exposed to ... a high degree of debauchery while working for Nick," he said in his filing. "The first time I used cocaine was when Nick shoved a tiny spoon up my nose because I was falling asleep, while he was talking to me. Over time, I got sucked into his extreme lifestyle." By the end of Kato's employment, Nicholas was using "large quantities" of illegal drugs, including cocaine and heroin, and had withdrawn from his friends and family, according to Kato's May filing. Nicholas had stopped paying Kato, although he still demanded work from him, and when Kato walked out, Nicholas owed him $150,000 in back pay, the court documents say. Nicholas had promised Kato employee benefits and Broadcom stock options, but he never delivered, according to Kato's filing.
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Anyone who sells anything for profit owes income tax on it. But in practice, for auctions on eBay and other Web sites, the I.R.S. is interested in enforcing the rules for high-volume sellers.