Tagged: internal revenue service

SPONSORED: Tax Filing Fraud — The Newest Form Of Identity Theft

by Arkansas Business Staff 7/4/2016 12:00 am

New regulations are designed to protect taxpayers, but diligence and caution always help.

Taxing Times: IRS Data on Refunds

by Arkansas Business Staff 4/18/2016 12:00 am

The IRS issued more than 119 million refunds amounting to almost $403.3 billion in fiscal year 2015 after collecting more than $3.3 trillion in gross taxes.

IRS Collected Over $3.3 Trillion in FY 2015

by Arkansas Business Staff 4/11/2016 12:00 am

The Internal Revenue Service has released its 2015 IRS Data Book, containing information about returns filed, taxes collected and other tax-related subjects.

IRS Sues Gravette Man for Nearly $1.3 Million

by Arkansas Business Staff 4/4/2016 12:00 am

A 73-year-old Gravette man was hit with a lawsuit from the IRS seeking a judgment for unpaid federal taxes.

Stephen K. Parks’ Coal Tax-Credit Scam a Deep, Dark Pit

by Mark Friedman 3/28/2016 12:00 am

Pleading guilty to a coal tax-credit scheme and entering federal prison last year didn’t settle the legal issues surrounding Little Rock businessman Stephen K. Parks.

Stephen Parks’ Failed Attempt to Become a Coal King

by Mark Friedman 3/28/2016 12:00 am

2013 was supposed to be a banner year for Little Rock businessman Stephen K. Parks’ coal businesses, but things were falling apart even before the year arrived.

After Sentencing, Parks Drops Suit Against Feds

by Arkansas Business Staff 10/19/2015 12:00 am

Stephen Parks recently dropped his lawsuit against the IRS agents who, way back in 2012, raided his Heights neighborhood home and the Little Rock corporate headquarters of his business, King Coal LLC.

Benton County Home Targeted for Repossession by IRS

by Arkansas Business Staff 4/6/2015 12:00 am

The IRS is trying to take the home of a Benton County man who failed to pay millions in federal employment taxes.

IRS Wants Six-Figure Judgement from Columbia County Man

by Arkansas Business Staff 3/9/2015 12:00 am

Kenneth McGrew was hit with a nearly $350,000 judgment for not paying taxes and penalties to the Internal Revenue Service.

Trial Set for Former ThermoEnergy Exec Andrew Melton on Fraud Charges

by Arkansas Business Staff 1/26/2015 12:00 am

Melton’s facing allegations that he used almost $110,000 of ThermoEnergy’s money to pay a personal judgment against him and then doctored the company’s financial statements to make it appear that the payments were legitimate business expenses.

Ralph Bradbury Vows to Fight IRS Bill

by Mark Friedman 12/8/2014 12:00 am

Ralph Bradbury, the former president of the defunct Continental Express Inc. of Little Rock, said he will continue to fight an $823,166 judgment he recently received for the trucking company’s unpaid payroll taxes.

So Change the Law (Editorial)

by Arkansas Business Editors 12/1/2014 12:00 am

A recent New York Times article pointed out something that had also been nagging at us here at Arkansas Business: otherwise law-abiding citizens being charged and convicted of a federal felony known as structuring.

IRS Change Too Late for Structuring Defendants

by Mark Friedman 12/1/2014 12:00 am

Patrice Duncan said she and her husband never thought much about bank deposits for their family-owned business in Conway until Jan. 24, 2012. That’s the day the Internal Revenue Service seized $94,500 from the company’s account.

Argenta Community Development Corp. Weighs Its Future

by Mark Friedman 9/22/2014 12:00 am

While Argenta Community Development Corp. of North Little Rock ponders its future — including whether to dissolve — the nonprofit first must deal with a foreclosure lawsuit filed against it last month after defaulting on a $560,000 loan.

David Henry Home Set for Thursday Auction at Pulaski County Courthouse

by Arkansas Business Staff 9/1/2014 12:00 am

In addition to a five-year prison sentence for mail fraud and tax evasion, attorney David Henry Sr. forfeited his Little Rock home as part of a restitution plan to pay back $1.02 million.

Lindsey's Roy Stanley Takes On IRS

by Arkansas Business Staff 8/18/2014 12:00 am

Roy E. Stanley, the longtime president of Fayetteville’s Lindsey Management Co. and current president of Lindsey Communications Inc., and his wife, Carol, are suing the Internal Revenue Service over the findings of an audit performed in October 2012.

Tired of eBay? IRS Has Its Own Online Auction Website

by Arkansas Business Staff 6/16/2014 12:00 am

If you're interested in bidding on assets seized by the Internal Revenue Service, auction items are just a click away.

Feds Ready To Roll Out Scooter Stuart Autos for Auction

by Arkansas Business Staff 5/26/2014 12:00 am

Five vehicles seized by the government from the family of Layton "Scooter" Stuart finally are heading to the sales block after a recent court order.

Company President Ralph Bradbury Ruled Liable for Tax Bill

by Mark Friedman 4/7/2014 12:00 am

In a cautionary tale for other non-owner executives, a federal judge has ruled that Ralph Bradbury, former president of the defunct Continental Express of Little Rock, is responsible for an unpaid $750,000 payroll tax bill.

IRS Singles Out Four in Little Rock for Tax Liens

by Arkansas Business Staff 10/21/2013 12:00 am

In September, the IRS filed a flurry of six-figure tax liens against these people in Little Rock: