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The IRS is sending out notices to unlawful taxpayers reminding them to report stolen goods as income on their tax returns in April 2022.

Pres. Joe Biden ran on a "tax the rich" platform in 2020 and vowed to go after tax scofflaws who fail to report all of their income.

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Despite his campaign promises not to raise taxes on anyone making less than $400,000, Biden's IRS agents are going after thieves and burglars who don't report their stolen loot as income.

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Those who robbed high end retailers or pharmacies of items worth over $600 are expected to include the fair market value of the stolen items on their tax returns.

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Criminals who don't report their ill gotten gains on their tax returns risk arrest for income tax evasion - which carries stiff prison terms and fines.

Among the IRS changes going into effect in January include reporting payments via Cash App, Zelle, Patreon and Venmo as income on tax returns.

To make sure he squeezes every penny out of the middle class, Biden plans to double the IRS workforce by hiring nearly 87,000 new workers over the next decade.

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Chris Tucker owes the Internal Revenue Service $9.6 million in back taxes. According to court documents obtained by ET, the comedian owes around $9.6 million in back taxes, penalties and interest.

The IRS filed a lawsuit against the 'Rush Hour' actor, alleging that he has ignored his debt to Uncle Sam, a crime punishable by prison time in the federal pen.

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According to the lawsuit, Tucker owes taxes related to unfiled returns dating back to 2002.

The court documents also state that Tucker, 50, defaulted on his debt three times by failing to pay monthly installment agreements.

The lawsuit alleges that in four separate years, Tucker under reported his income and paid significantly the IRS less than he actually owed.

The IRS states that the total owed could increase significantly, "Since the dates of assessment described above, interest, penalties, and statutory additions have accrued and will continue to accrue as provided by law."

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Popular Youtuber and Instagram influencer Omi in a Hellcat faces 514 years in prison after prosecutors indicted him and two associates in a scheme to sell copyrighted cable network programs to thousands of subscribers on his online firestick service.

Prosecutors say Omi, 36, and his two associates, Jesse Gonzales, 42, of Pico Rivera, Calif., and Michael Barone, 36, of Richmond Hill, N.Y., must forfeit nearly $35 million in assets, including over 50 luxury cars and motorcycles, as well as dozens of homes and businesses in Philadelphia.

Omi's companies operated under different names, including Gears TV, Reboot, Reloaded and Gears.

Thousands of users paid a monthly fee to access premium cable TV and sports content through firesticks.

His illegal enterprise earned him over $30 million between March 2016 and November 2019 when his homes were raided by the feds, VladTV reports.

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The Philadelphia native, real name Bill Omar Carrasquillo, is charged with conspiracy, violating the Digital Millennium Copyright Act, reproduction of a protected work, access device fraud, making false statements to a bank, income tax evasion and money laundering.

Federal agents seized nearly all of Omi's assets in a raid in 2019. Feds also froze his girlfriend's bank accounts.

Still, he continued to taunt the feds on his YouTube channel and in interviews with other influencers.

Omi's lawyer, Donte Mills, stated his client is being falsely accused, and that his enterprise was legit.

"Mr. Carrasquillo tapped into a brand-new, unregulated industry and was very successful. Most people are called pioneers when they do that; Omar is called a criminal. The government assumes my client was not smart enough to do this legally because of his background. He is and we will prove that."

 

 

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The founder of antivirus software company McAfee reportedly committed suicide in his cell at a Spanish prison.

John McAfee took his own life in a prison cell in Barcelona on Wednesday, hours after his extradition to the U.S. was approved.

McAfee, a multi-millionaire, was accused of income tax evasion by the IRS.

The tech innovator died hours after the Spanish High Court approved his removal to the United States, the Associated Press reported.

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McAfee was arrested at Barcelona airport in October 2020. He fled there from the U.S. to avoid income tax evasion charges.

McAfee reportedly told Spanish authorities he was being targeted for political reasons.

The AP reports he still had the opportunity to appeal the Spanish High Court's decision to deport him.

McAfee founded the software company in 1987, and the company was purchased by Intel in February 2011.

In 2014 at a convention in Las Vegas, Intel said it was phasing out the McAfee name and replacing it with "Intel Security Group."

McAfee released a drug-fueled video in which he uninstalled McAfee from a computer and claimed to have the ability to block NSA surveillance.

He told the BBC he was grateful that he was no longer associated with "the worst software on the planet."

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The richest Black man in America is under investigation for income tax evasion. Billionaire philanthropist Robert F. Smith is under investigation for possible income tax evasion.

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Smith made headlines in 2019 when he and his wife, Hope Dworaczyk Smith, generously paid off student loan debts for Morehouse College's entire 2019 graduating class.

The pledge was worth $40 million and is the largest single gift in the school's history. Apparently, Smith planned to use the massive pledge as a $40 million tax write off.

According to Vladtv.com, for four years, federal authorities have been investigating Vista Equity Partners firm for failure to pay taxes on about $200 million in assets transferred from Vista's first private equity fund to offshore banks.

High-income individuals typically transfer millions or billions to offshore banks in the Caribbean and Europe to avoid paying taxes in the United States.

Forbes.com reports Smith hopes to resolve the Justice Department's case with a civil settlement in order to prevent resigning from Vista's board or serving time in prison.

The billionaire has also asked for leniency in exchange for his cooperation with another investigation involving Robert Brockman, who worked with Smith on projects involving offshore entities, trusts, and foundations.

Smith is reportedly willing to cooperate with additional investigations as well. Vista Equity Partners, which manages $65 billion in assets, has not commented on the investigation.

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Derek Chauvin, the former Minneapolis police officer who is already facing charges in the death of George Floyd, is also facing multiple felonies after he and his wife underreported their income for years.

According to CBS Minnesota, Derek and his wife Kellie - who are in the midst of divorce proceedings - were charged with nine counts of felony tax evasion.

The Chauvins reportedly worked multiple side jobs over the years - and earned over $400,000 between them. But their side hustle income was not reported according to the feds.

Kellie filed for divorce following Chauvin's arrest on murder charges in May. The action was likely taken to protect the couple's assets.

Investigators began looking into the Chauvins in June, 2020 for failing to file Minnesota individual income tax returns on time from 2016 to 2019, and for fraudulently filing tax returns from 2014 to 2019.

The investigation began after the feds overheard recorded jail phone calls between the two.

In one call, Derek was overheard telling Kellie someone was looking into their tax returns. He suggested she contact the person who handled their taxes. That person turned out to be his father.

According to the complaint, the Chauvins failed to file income tax returns or pay state income taxes. They also allegedly underreported and underpaid taxes on income from various employments each year.

The Chauvins own homes in Minnesota and Florida. They also own a 2019 BMW that was registered in Florida - where there are no state taxes - but the car was serviced 10 times in Minnesota.

The felony tax evasion charges are the result of an investigation conducted by the Minnesota Department of Revenue and the Oakdale Police Department. The couple faces a maximum sentence of 45 years in prison and/or a $90,000 fine each.

Washington County Attorney Pete Orput noted: "When you fail to fulfill the basic obligation to file and pay taxes, you are taking money from the pockets of citizens of Minnesota.

"Our office has and will continue to file these charges when presented. Whether you are a prosecutor or police officer, or you are a doctor or a realtor, no one is above the law."

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FBI and IRS Agents raided the homes and offices of embattled Baltimore Mayor Catherine Pugh who has been out on leave since a criminal investigation was launched into her business dealings. Pugh is facing calls to resign over a scandal that involves sales of her children's books to entities that do business with the city of Baltimore.

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Celebrity attorney Michael Avenatti is accused of stealing $2 million from an ex-girlfriend of NBA star Hassan Whiteside. The embattled attorney is accused of hiding $2 million intended for Whiteside's former girlfriend, Alexis Gardner.

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