Special Agents of the Criminal Investigation Division of the IRS advised a North Carolina businessman today that they were dropping their criminal investigation of tax returns filed on behalf of his business. At issue were hundreds of thousands of dollars of alleged improper expenses deductions. The businessman was represented by Douglas E. Kingsbery of Tharrington […]

The U. S. Department of Justice announced today that it was killing the IRS’s recommended criminal prosecution of a North Carolina businessman. The investigation had centered on alleged abusive trusts which sheltered practically all of the man’s income for several years. The businessman was represented by Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, […]

Special Agents of the North Carolina Criminal Investigation Division informed a North Carolina businessman today that they were dropping their investigation of allegations that he had failed to report substantial business income on his North Carolina tax returns. Agents cited the fact that the man’s attorney, Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, […]

A Virginia man was sentenced to probation earlier this month after admitting to having evaded more than $1 million in income taxes since 1994. The sentence was handed down by a Federal District Judge sitting in the Eastern District of Tennessee. The Judge stated that ordinarily, he would order a substantial prison sentence for this […]

State prosecutors announced today that they were dismissing all charges against a North Carolina woman charged with failing to file and pay her North Carolina state income taxes between 2004 and 2009. The trial of the charges had been scheduled for today. The Defendant was represented by Douglas E. Kingsbery and Derick R. Vollrath of […]

Seeking out and following sound legal advice as soon as she became aware that criminal investigators were examining her tax practice may have saved a North Carolina tax preparer from criminal prosecution. Investigators notified the preparer this week that after a nearly 10 month investigation, they had decided to drop the case without bringing criminal […]

The IRS announced today that it would not seek criminal charges against a North Carolina businesswoman who had successfully evaded income taxes on more than $100,000 she had skimmed from her business over the past two years.  Facing a routine audit of the business, the taxpayer and her attorney successfully pursued a strategy of voluntarily […]

A North Carolina taxpayer who understated his tax liability by nearly $700,000.00 escaped criminal prosecution when his attorneys successfully negotiated a voluntary disclosure agreement with prosecutors. Under the agreement, no criminal charges will be brought against the taxpayer. The case is significant not only because of the tax dollars involved, but because North Carolina criminal […]

After a nearly year long investigation, Special Agents of the N.C. Criminal Investigation Division announced last week that no criminal charges would be brought against a North Carolina taxpayer whom the Agents alleged had failed to remit nearly $100,000.00 in taxes over several years. The taxpayer was represented by Douglas E. Kingsbery and Derick R. […]

The IRS announced today that it was dropping its nearly two year old investigation of a North Carolina minister who the IRS believed had engaged in several years of income tax evasion.  The minister successfully raised issues regarding the taxability of certain items as well as his lack of criminal intent. The taxpayer was represented […]