February 28, 2025 - 03:17
A Tallahassee-based real estate professional was sentenced to 14 months in prison after failing to file income tax returns, federal prosecutors say. The individual was found guilty of deliberately neglecting their tax obligations over several years, which resulted in significant losses to the federal government.
During the court proceedings, it was revealed that the agent had earned substantial income from real estate transactions but chose not to report this income to the Internal Revenue Service (IRS). Prosecutors emphasized the importance of tax compliance and the consequences of willfully ignoring tax responsibilities.
In addition to the prison sentence, the court also ordered the agent to pay restitution to cover the unpaid taxes. This case serves as a stark reminder of the legal obligations that come with self-employment and the serious repercussions that can arise from tax evasion. The IRS continues to prioritize the enforcement of tax laws to ensure fairness and accountability in the financial system.
July 13, 2025 - 12:00
Rising Home Prices in Tennessee Bring Hidden Capital Gains Tax ConcernsTennessee’s home prices are up—but so is tax exposure. More homeowners are now facing the possibility of federal capital gains taxes when they decide to sell their long-held properties. Recent...
July 12, 2025 - 19:10
A Journey of Friendship and Investment: Turning a House into a Profitable AirbnbSelena Lounds says that owning a home with her best friend isn`t all `roses and glitter,` but it`s been a great investment decision overall. After purchasing a house together, the duo decided to...
July 12, 2025 - 01:33
Recent Real Estate Transactions in Berkshire County (June 23-27)Real estate transactions in Berkshire County from June 23 to June 27 have been compiled from the records of the Middle Berkshire, North Berkshire, and South Berkshire Registry of Deeds offices....
July 11, 2025 - 19:44
The Current State of Real Estate: A Local PerspectiveYou’ve seen the headlines: prices are plummeting, prices are skyrocketing, and rising interest rates are stifling the market. Amidst all this noise, the reality on the ground in the Mohawk Valley...