Tag Archives: tax evasion

(Image: Thinkstock)

Infographic: How the Rich Avoid Taxes

A breakdown of how the wealthy use savvy to save money

Those making $10 million annually pay an average income tax rate of 19%.

By Sheiresa Ngo

Posted: Tags: , ,
Legal Terms Every Business Owner Should Know

Credit Suisse Confesses to Helping Clients Evade Taxes

Company must pay $2.6 billion

U.S. Attorney General Eric Holder says Credit Suisse AG agreed to plead guilty to assisting…

By Sheiresa Ngo

Posted: Tags: , ,
tax tips

How To Blow The Whistle On A Tax Cheat

Do you know anyone trying to get by on Uncle Sam?

If you know someone who is cheating the Internal Revenue Service, you could be in…

By Sheiresa Ngo

Posted: Tags: , , ,
3. Do seek "trade credit" from vendors and suppliers. 

Too many entrepreneurs dream of going to a bank and getting a business loan or line of credit for their enterprise. But maybe you don’t need a traditional bank loan at all to launch or grow your business. 

If you can get your vendors and suppliers to agree to provide you with trade credit---i.e., the ability to pay for goods and services over time---you can creatively and more frugally run your operations.

4 Things You Should Know About Bartering

Learn the rules so you can stay out of trouble with the IRS

Bartering can help you save money. However, it's important to be aware of the tax…

By Sheiresa Ngo

Posted: Tags: , , ,

Fat Joe Gets 4 Months in Prison for Tax Evasion

Rapper is the latest to face prison time for not paying taxes

Who will be next to go to prison for not paying their taxes?

By Cedric 'BIG CED' Thornton

Posted: Tags: ,

Who Pays the Higher Cost for Tax Evasion, Black or White Celebrities?

TheUrbanDaily.com dissects the consequences between black and White celebrities facing tax evasion.

In lieu of Lauryn Hill’s recent jail sentence for tax evasion, TheUrbanDaily.com looks at the…

By Amber McKynzie

Posted: Tags: , , ,
Lauryn Hill - Featured

Lauryn Hill Begs Judge for Mercy in Tax Evasion Case

Lauryn Hill is asking the judge for mercy as her tax evasion sentencing draws near.

Lauryn Hill gets added to the ongoing list of celebrities to avoid paying Uncle Sam.

By Amber McKynzie

Posted: Tags: , ,

Rapper Ja Rule to Be Released from Jail in July

Rapper set to be released after serving two-year sentence.

36-year-old served time for gun possession and tax evasion of more than $3 million.

By Gerren Keith Gaynor

Posted: Tags: , , , ,
JULY 24, 2008: Detective Brian White and Joanne Kinney, an investigator from Wayne County Prosecutor Kym Worthy's office, attempted to serve Bobby Ferguson with a subpoena while he was at the home of Kilpatrick's sister, Ayanna. Kilpatrick was there at the time and, along with his bodyguards, stopped the officers from entering the residence, which led to Kilpatrick allegedly pushing one of the sheriff's deputies. Kilpatrick later pled no contest to one felony count of assaulting and obstructing a police officer in exchange for a second assault charge being dropped. As part of the deal, he also agreed to resign from office and serve 120 days in jail.

Kwame Kilpatrick’s 14 Most Scandalous Moments

The disgraced Detroit Mayor has a long list of political missteps that have tarnished what could have been a great legacy

Believe it or not, former <strong>Detroit Mayor Kwame Kilpatrick</strong> is in hot water—again. Last week…

By Anslem Samuel

Posted: Tags: , , , , , , , , , , , , , , ,

What You Can Learn From … Wesley Snipes’ Tax Evasion Blunder

Negligence and protest are NOT your friends when dealing with the IRS. In fact, they could get you three years in prison

As Wesley Snipes reports to prison today to serve a three-year sentence for tax evasion,…

By Janell Hazelwood

Posted: Tags: , , , ,