Blame the casino for the thief? A Nebraska business may be taking an oddly-forgiving view towards employee theft. The Associated Press reports that the Colombo Candy and Tobacco Wholesale Company (now there’s a product combo for everyone) declined to press charges against a former employee for allegedly stealing $4.1 million. Instead they are suing a Casino for leading her unto temptation.
But the Nebraska Department of Revenue is less willing to let bygones be bygones, reports KETV.com:
The Nebraska Department of Revenue and the Sarpy County attorney have decided to pursue criminal charges against 54-year-old Caroline Richardson of Gretna.
Sarpy County Attorney Lee Polikov said this is a case he doesn’t see every day.
“I think it’s interesting for people to know that stolen money is considered income and has to be reported on your income tax,” Polikov said. “If you don’t report it and don’t pay it, you’ll be prosecuted for it.”
In a civil filing where Richardson is identified as “Jane Doe,” Colombo Candy argued the blame should be less on Richardson and more on an Iowa Casino.
The Morehouse case needs be appealed because the case sets a bad precedent for all owners of CRP across the country. Anyone who fails to treat CRP as self-employment income is subject to penalty for underpayment of Federal tax.
However, appeals cost money, and the dollars at risk for Morehouse personally (only $6,000) just aren’t enough for him to justify paying for the appeal. It is important enough that I want to spread the word, and request my readers who have ground in CRP to share in the cost.
If you have CRP ground and want to help the cause, Paul tells you how.
Usain Bolt said he wouldn’t race in the U.K. after the Olympics unless they changed their tax laws… and they did, extending the laws in place for the Olympics for the Diamond Games.
Tough luck if you aren’t famous, I guess.
Phil Hodgen is launching Web-Based Seminar: U.S. Tax Solutions for Non-Filers Abroad. It looks like a great resource for the innocents abroad caught up in the FBAR fiasco.
Jack Townsend, Must a Defendant Prove Innocence of Uncharged Crime to Reverse Wrongful Conviction? That’s insane.
TaxProf, The IRS Scandal, Day 81. They’ll keep calling it a “phoney” scandal, but the Inspector General still says otherwise. So did the President, until it became awkward.
Those who keep saying there’s no scandal here need to acknowledge that the IRS admitted targeting conservative groups months ago.
William Perez, IRS Update for July 26, 2013
Joseph Henchman, Massachusetts to Have Second Highest Cigarette Tax, Rare Tax on Computer Services, Higher Gas Tax (Tax Policy Blog)
Brian Strahle, RECENT CALIFORNIA LLC FEE ISSUES AND WARNING FOR NONFILERS: HERE COMES THE NOTICE!! California is looking for nickels under your sofa cushions.
Christopher Bergin, Our Secretive Senate. (Tax Analysts Blog). Not a fan of the 50-year memory hole for tax reform ideas.
Peter Reilly, Why Tax Reform Is Impossible
Jim Maule, Tax Law and National Defense: Hush Now!
Linda Beale, Proposals for Cutting the IRS Budget.
Janet Novack, U.S. Seeks PNC, Wells Fargo, JP Morgan Records To Find Tax Cheats–From Norway Look out, Decorah.