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Guaranteed to fool the IRS

Not quite — Lloyd Irvine Taylor caught stealing identities of dead children

Lloyd Irvine Taylor, a former tax attorney and certified public accountant, was sentenced yesterday (November 17) to 57 months in prison for stealing the identities of dead children, using them as aliases to get passports and identification documents, and then opening multiple financial accounts in which he hid his income and assets from the Internal Revenue Service.

Taylor also fabricated a dozen fraudulent religious institutions and used their tax-exempt status to dodge taxes. He was ordered to pay $2.2 million to the IRS.

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Lloyd Irvine Taylor, a former tax attorney and certified public accountant, was sentenced yesterday (November 17) to 57 months in prison for stealing the identities of dead children, using them as aliases to get passports and identification documents, and then opening multiple financial accounts in which he hid his income and assets from the Internal Revenue Service.

Taylor also fabricated a dozen fraudulent religious institutions and used their tax-exempt status to dodge taxes. He was ordered to pay $2.2 million to the IRS.

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Comments
4

So a bit off-topic here but speaking of the IRS I wonder what you thought of the recent study claiming 7 out of the 30 largest US corporations paid more money in 2014 to their CEO's than they paid in taxes. http://www.reuters.com/article/2014/11/18/us-usa-tax-ceopay-idUSKCN0J20CJ20141118

While I certainly think most large companies pay their CEO's too much and I think many large companies are probably dodging taxes I find the result somewhat difficult to believe - but I'm wondering what Don and others thought of the study.

Nov. 18, 2014

ImJustABill: This is not difficult to believe at all. General Electric pays zero taxes. Ditto for many other large companies. Corporations stash trillions of dollars in offshore tax havens to keep their profits from being repatriated and taxed. CEO pay is wildly out of control.

And corporations do not pay high taxes in the United States. They will wail that their tax rate is 35 percent. It's a lie and they know it. Corporations on average pay 12 percent. How would you like to pay 12 percent? Best, Don Bauder

Nov. 19, 2014

Sounds like a great deal - can I be a corporation too? Mitt Romney said corporations are people, but it sounds to me like maybe corporations are treated better than people.

Nov. 19, 2014

ImJustABill: From just about every perspective, corporations are treated MUCH better than people, particularly in taxes. Best, Don Bauder

Nov. 20, 2014

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