Clark mansion’s future hinges on IRS resolving owed taxes
Hugette Clark’s generosity cost her. Clark was the daughter of the copper mogul William Andrews Clark, who earned his fortune through mining, railroads and banking. The heiress died in 2011 at 104 years old. Clark gave millions of her inherited wealth to her friends but she gave so much so fast that her attorneys Read More →
Read More →Warner pleads guilty to tax evasion, faces $53M penalty
Ty Warner, the Chicago billionaire and part-time Santa Barbara resident who owns the Four Seasons Biltmore, has been charged with federal tax evasion and plans to pay a $53 million penalty. Warner, the mind behind the wildly successful Beanie Baby toys, was charged with allegedly failing to report income he earned in a secret offshore Read More →
Read More →Editorial: Geithner gets our vote for worst Treasury secretary
In the firestorm that’s erupted over the targeting of tea party-affiliated nonprofits by the Internal Revenue Service, it has gone largely unnoticed that the IRS is actually part of the U.S. Treasury.
Read More →Santa Barbara CPA convicted on tax charges
Santa Barbara accountant Steve Pybrum faces up to 12 years in prison and $1 million in fines after a jury returned a guilty verdict on federal charges that he routed money from his practice through a nonprofit and underreported his income by more than $1 million. The jury deliberated less than three hours before returning Read More →
Read More →Op/ed: IRS audits for the ultra-wealthy — How to minimize the chances
The Internal Revenue Service has ramped up its efforts in recent years by expanding its audits of the wealthiest individuals.
Read More →
Sponsored content:
2015-2016 Giving Guide
