Posts Tagged ‘Walter Anderson’

Tax Roundup, 8/31/2012: “Biggest tax evader” out of prison. IRS web services taking the weekend off. And Bingo!

Friday, August 31st, 2012 by Joe Kristan

“Biggest tax evader” out of prison.  From the Washingon Times, “Nearing end of sentence, top tax evader still eyes vindication”

Walter Anderson was a wealthy telecommunications executive whose money helped underwrite private space-exploration efforts, but he became famous as the defendant in what federal prosecutors called the largest personal income-tax evasion case in U.S. history.

But less than six years after his sentencing in federal court in Washington, Anderson now is preparing to become a free man again.

He was sentenced to nine years in prison in 2007, but because of the time he spent in the D.C. Jail while awaiting trail, he’ll be finished with his sentence by the end of the year. And he’s serving out his last few months in home confinement in Virginia.

Though he pleaded guilty to the tax charges, he maintains his innocence, saying that his plea wasn’t voluntary.

Related: ‘BIGGEST TAX EVASION CASE’ ENDS WITH GUILTY PLEA and Walter Anderson agrees on a big number


A bargain at half the price?  $36+ million: That’s how much taxpayers are paying for the political conventions (Kay Bell)

So shutting them down is the upgrade? IRS Upgrade This Weekend; Many Services Unavaiable Until Tuesday (Russ Fox)

TaxVox,  Feldstein’s Analysis Doesn’t Refute TPC Findings, It Confirms Them

Jana Luttenegger, BINGO! Wait, you’re taxing that? (Davis Brown Tax Law Blog)

Jim Maule,  When Taxing Social Security, What is Social Security?


News you can use:  Reason #434 It’s A Good Idea to Put Your Separation/Divorce Agreement in Writing (Anthony Nitti)

Going Concern,  New IRS Employees Don’t Always Have Someone to Show Them the Ropes:

Yep! If there’s any chance of IRS the sucking at something, TIGTA has likely investigated and issued a report about it. E-filing isn’t perfect. There’s billions in tax fraud due to identity theft. They can barely get one tax return processed a day. They need to monitor tax credits better. And it continues!

While the IRS has taken steps to make the new employee experience positive, managers whom TIGTA interviewed were not following best practices identified in the comprehensive guidance the IRS developed for them. As a result, some best practices that would help new employees feel welcome and help them become more productive were not fully implemented. For example, one-quarter of the new employees TIGTA contacted were not assigned a coach or mentor when they arrived, and approximately 29 percent stated that the onboarding experience did not accelerate their ability to reach full productivity.

TIGTA’s not asking for a full-blown cake party or anything. At least give the new guy or girl a map to find the john. Something.

Have a great labor day weekend!


Walter Anderson agrees on a big number

Thursday, March 31st, 2011 by Joe Kristan

An alert reader points us to a Tax Court document where Walter Anderson agreed that his IRS deficiency for 1998 and 1999 is $141,497,773, not counting penalties of $105,984,341. The agreement says there is no deficiency for the prior three years.
Mr. Anderson was pleaded guilty in what was billed as perhaps the largest individual tax evasion case ever. After the plea, there was a dispute over whether Mr. Anderson would have to pay the taxes. That seems to be settled. Since he has claimed he is indigent, the actual amount may be academic.
Mr. Anderson was a telecom entrepreneur with an interest in space travel. Owing the IRS $247 million, not counting interest, may keep his feet on the ground for awhile, even after he finishes his prison term.
Link: Complete Tax Update Walter Anderson coverage.


Tax Court: Walter Anderson has to pay up.

Thursday, February 26th, 2009 by Joe Kristan

The man convicted of what was called the “largest individual tax evasion case in U.S. history,” is still fighting. Walter Anderson, a telecom entrepreneur who is serving a nine-year prison sentence, argued in Tax Court that he was innocent of tax fraud, despite of his guilty plea on federal tax charges.
When tax fraud is involved, there is no statute of limitations on asserting a tax liability. Absent fraud, the IRS would be unable to collect the taxes. Considering that the IRS says Mr. Anderson owes $183,779,618 for 1995-1999, the stakes are reasonably high. The IRS is also asserting the 75% fraud penalty for an additional $137 million or so.
The IRS says that his guilty plea for 1998 and 1999 prevents him from fighting fraud penalties for those years. As the guilty plea didn’t cover 1995-1997, he can still argue that he didn’t commit fraud then in fighting collection.
When Mr. Anderson was convicted, there was a little kerfuffle over his plea agreement, which didn’t specifically require restitution of unpaid taxes. An appellate court later reopened the door to collection. It may not make much difference. His deficiency and penalties for 1998-1999 alone total over $253 million, and he has argued that he is indigent. As he argued his Tax Court case without a lawyer, it’s not clear that he has much ready cash to give the IRS.
Cite: Anderson, T.C. Memo 2009-44.