Heating and cooling systems get tax credits
The popularity of heating and cooling systems in Maryland homes is rising, and fortunately, homeowners are now able to get rewarded when they file their taxes for 2012, as well as 2013.
It’s tax season once again, and A Supreme Heating and Cooling would like to tell the customers of the tax credit they’re able to receive for the heating and cooling systems in their neighborhood. The tax credit available will apply to homeowners and will allow people to get up to $500 just for having energy efficient heating and cooling systems. The tax credit will work for 2012 and will continue throughout 2013; however, you have to take notice that this tax credit will only apply to energy efficient heating and cooling systems, not every single heating and cooling system around.
If you don’t have an energy efficient heating and cooling system, you would probably like to consider getting one installed by A Supreme Heating and Cooling; they’re a reliable company to turn to for those living in Anne Arundel, Baltimore and Howard Counties.
If you haven’t heard of the company yet, A Supreme Heating and Air Conditioning serves Baltimore, Howard, and Anne Arundel Counties with repairs for a variety of makes and models. They’ve been working proficiently for the last 28 years in the heating and cooling business. A Supreme Heating and Air Conditioning also offers a 24-hour emergency service, giving its customers incredible satisfaction and support.
Categories: Federal Tax, Income Tax, State Tax Tags: avoiding taxes, federal tax, income tax, tax credits, tax law
Doctor in London Guilty of Tax Evasion
It has been reported that a London doctor that worked in Eastern Kentucky and Tennessee has pleaded guilty to having evaded well over $900,000 in federal income taxes. This was announced by Kyle Edelen, a spokesman for the U.S. Attorney Kerry B. Harvey.
The 64 year old Werner Grentz pleaded guilty this past week to tax evasion in London’s United States District Court. Grentz agreed to a plea stating that he must pay the Internal Revenue Service the debt that he owes in full.
Grentz worked as an independent doctor for Jellico, Tennessee hospital, and he said that he had earned $356,073 in taxable income in the year 2009. In order to hide his income, Grentz took it upon himself to hide his deposits in bank accounts of the companies that he had control over. This allowed him to not file tax returns or pay federal income taxes. Starting in 1999, Grentz said that he avoided paying $900,068 in taxes.
He was indicted on April 6 by a grand jury. As reported through the indictment, Grentz had earned more than $1.5 million from the year 2005 to 2010, yet he hadn’t filed any income tax return since the year 1999.
Grentz will be sentenced on May 16 in London, and he could face up to a maximum of 5 years in prison for his crime of tax evasion. The IRS, along with the Criminal Investigation Division, discovered Gretz’s tax evasion crime and conducted the indictment that will put him behind bars.
Categories: Federal Tax, Income Tax, Tax Evasion Tags: avoiding taxes, federal income tax, federal tax, federal tax fraud, tax evasion, tax fraud
Man in Washington Guilty for Federal Tax Evasion Charge
A man from Washington pleaded guilty this week to federal charges, as he tried to avoid paying income taxes. With the help of the IRS, the man’s crimes were discovered and will be justified.
The guilty man from Washington is 46 year old Peter Ian Turner, who was last recorded to be living in Washington. He pleaded guilty earlier this week in the United States District Court for attempted federal income tax evasion. Turner will now face up to five years in prison, which will be decided upon in his sentence on May 15 by Senior U.S. District Judge Michael Mihm.
According to the reports, the actual account is only for the year 2000. However, he accepted a 21-page plea agreement that was filed in the U.S. District Court, stating that he is required to file corrected tax returns from the year 2004 all the way through 2009 or at least provide substantial reasoning and evidence that those years were filed appropriately and according to the law.
From the reports given, Turner was a pharmacist since 1990 and worked as one until at least the year 2010, according to his plea agreement. At the start of 2000, Turner had stopped filing tax returns to the IRS. Additionally, according to his plea agreement, he attempted to hide the amount of money he made by putting that money, in addition to his property, in the names of acquaintances.
As of now, Turner remains free on bond until his sentence hearing comes up.
Categories: Federal Tax, Income Tax, Tax Evasion Tags: avoiding taxes, federal income tax, federal tax fraud, income tax, tax court, tax crime, tax evasion, tax fraud