Tag Archive : Tax

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Tax Court Will Go Dark For December

October 13, 2020 | technology | No Comments

I just picked up on an extraordinary piece of news that has been around for nearly a week with little notice. The Tax Court will be launching a new case management system called DAWSON (Docket Access Within a Secure Online Network). This is a nod of respect to the late Judge Howard Dawson who served the court for over fifty years before passing away in 2016. That is not the extraordinary part.

The Dark Month Of December

What is extraordinary is that the Tax Court’s existing system will shut down before Thanksgiving and DAWSON will not come on till after Christmas. Nothing new electronic goes in after 5:00PM on November 20th and it is expected that DAWSON will be up on December 28th. But there is more.

Here is the most extraordinary thing. During the hiatus the Tax Court will

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By iwano@_84

McAfee Founder Arrested In Spain And Accused Of Tax Evasion : NPR

October 7, 2020 | technology | No Comments

John McAfee giving a speech on Aug. 16, 2016, in Beijing, China. McAfee has been arrested on tax evasion charges in Spain.

Visual China Group via Getty Images


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Visual China Group via Getty Images

John McAfee giving a speech on Aug. 16, 2016, in Beijing, China. McAfee has been arrested on tax evasion charges in Spain.

Visual China Group via Getty Images

Computer antivirus pioneer John McAfee tweeted last year he hadn’t filed a tax return in eight years.

It was okay, he explained. He was “done making money.” His “net income is negative.”

“Taxation is illegal,” he said.

Now McAfee has been arrested in Spain on tax evasion charges. The U.S. Justice Department has accused him of failing to file tax returns from 2014 to 2018 despite making millions, according to an indictment unsealed on Monday.

He allegedly made money from “promoting crypto-currencies, consulting work,

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By iwano@_84

Anti-Virus Software Guru John McAfee Arrested in Spain on U.S. Tax Evasion Charges

October 6, 2020 | software | No Comments

John McAfee

John McAfee, the cybersecurity pioneer who created the world’s first commercial anti-virus software, was arrested in Spain and charged with tax evasion, the Department of Justice announced Tuesday.

The British-born McAfee, 75, is facing extradition to the United States, where he is charged with tax evasion and willful failure to file tax returns

The entrepreneur’s arrest came after an indictment from June 15, 2020, was unsealed Tuesday.

According to the indictment, McAfee allegedly evaded taxes by directing his income to be paid into the bank accounts and cryptocurrency exchange accounts “in the names of nominees,” Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney D. Michael Dunavant for the Western District of Tennessee.

McAfee earned millions in income from promoting cryptocurrencies, consulting work, speaking engagements, and selling the rights to his life story for a documentary, according to the indictment,

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By iwano@_84

Antivirus Software Pioneer John McAfee Arrested in Spain on Tax Evasion Charges

October 6, 2020 | software | No Comments

Antivirus software pioneer John McAfee has been arrested in Spain and is expected to be extradited back to the U.S. on tax evasion charges, the Justice Department said Tuesday.

McAfee, 75, who founded the wildly successful computer anti-virus software company named after him, was arrested in Spain as he tried to board a flight to Istanbul.

A June indictment against McAfee in the U.S. court in Tennessee was unsealed by the Justice Department on Tuesday charging him with tax evasion and willful failure to file tax returns.

McAfee earned millions of dollars from promoting cryptocurrencies, consulting work, speaking engagements, and selling the rights to his life story for a documentary, and from 2014 to 2018 allegedly failed to file tax returns, according to the indictment. None of the income in question is connected with the software company he founded, which McAfee resigned from in 1994.

The indictment also alleges that

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By iwano@_84

Software entrepreneur John McAfee charged with U.S. tax evasion

October 6, 2020 | software | No Comments

Memphis, Tennessee — Antivirus software entrepreneur John McAfee has been charged with evading taxes after failing to report income made from promoting cryptocurrencies while he did consulting work, made speaking engagements and sold the rights to his life story for a documentary, prosecutors in Tennessee said Monday.
 
A June indictment charging McAfee with tax evasion and willful failure to file tax returns was unsealed in federal court in Memphis on Monday after McAfee’s arrest in Spain, where extradition to the U.S. is pending, the U.S. attorney’s office said in a news release.
 
Online court records do not show whether McAfee has a lawyer to speak on his behalf about the charges.

McAfee developed early internet security software and has been sought by authorities in the U.S. and Belize in the past.

The indictment said McAfee failed to file tax returns from 2014 to 2018, despite receiving “considerable income” from several

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By iwano@_84

John McAfee, antivirus software pioneer, charged with tax evasion in US | US news

October 6, 2020 | software | No Comments

John McAfee, the antivirus software entrepreneur, has been charged with evading taxes after failing to report millions earned promoting cryptocurrencies, consulting work, speaking engagements and the sale of the rights to his life story for a documentary, US prosecutors have alleged.

McAfee hid assets from the Internal Revenue Service, including real estate property, a vehicle and a yacht, in the names of other people, prosecutors said.

A June indictment charging McAfee with tax evasion and wilful failure to file tax returns was unsealed in federal court in Memphis, Tennessee, on Monday after McAfee’s arrest in Spain, where extradition is pending, the US attorney’s office said.

Online court records do not show whether McAfee has a lawyer to speak on his behalf about the charges.

McAfee rose to prominence after developing early internet security software, and has been sought by authorities in the US and Belize in the past.

The indictment

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By iwano@_84

John McAfee, antivirus software pioneer, charged with tax evasion in US | John McAfee

October 6, 2020 | software | No Comments

John McAfee, the antivirus software entrepreneur, has been charged with evading taxes after failing to report millions earned promoting cryptocurrencies, consulting work, speaking engagements and the sale of the rights to his life story for a documentary, US prosecutors have alleged.

McAfee hid assets from the Internal Revenue Service, including real estate property, a vehicle and a yacht, in the names of other people, prosecutors said.

A June indictment charging McAfee with tax evasion and wilful failure to file tax returns was unsealed in federal court in Memphis, Tennessee, on Monday after McAfee’s arrest in Spain, where extradition is pending, the US attorney’s office said.

Online court records do not show whether McAfee has a lawyer to speak on his behalf about the charges.

McAfee rose to prominence after developing early internet security software, and has been sought by authorities in the US and Belize in the past.

The indictment

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By iwano@_84

John McAfee, McAfee Associates Founder, Indicted on Tax Evasion Charges

October 6, 2020 | technology | No Comments

John McAfee, a computer programmer best known for his anti-virus software, has been indicted on federal tax evasion charges after allegedly hiding assets from the IRS, including real property, a vehicle, and a yacht, the Department of Justice said Monday. McAfee, the founder of McAfee Associates, has been charged with tax evasion and willful failure to file tax returns, according to an unsealed June indictment following his arrest in Spain. Prosecutors allege McAfee earned millions of dollars from promoting cryptocurrencies, consulting, speaking engagements, and selling his life story for a documentary—but failed to file tax returns from 2014 and 2018. To avoid tax liability, McAfee allegedly directed his income to several bank accounts and cryptocurrency accounts and bought several items, including real estate, a yacht, and a car. The indictment, however, does not allege McAfee received any income from the anti-virus company he once founded.

The announcement comes just hours

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By iwano@_84

Software entrepreneur McAfee arrested on tax evasion charges

October 6, 2020 | software | No Comments

John McAfee, the controversial software entrepreneur, has been arrested in Spain on US charges that he evaded taxes on millions of dollars he earned from activities such as touting cryptocurrencies.

The US Department of Justice announced the criminal charges on Monday and said the extradition of Mr McAfee from Spain was pending. The Securities and Exchange Commission filed parallel civil charges.

Mr McAfee, who founded the antivirus software company that bears his name, hid millions of dollars of income from US tax authorities — including from promoting cryptocurrencies and selling the rights to his life story, according to the justice department.

He used bank and cryptocurrency accounts in the names of others to hide income earned between 2014 and 2018, prosecutors alleged. Assets he bought, including a yacht, were similarly held in the names of nominees to evade paying taxes, according to the criminal indictment.

Mr McAfee was a highly

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By iwano@_84

U.S. indicts anti-virus software creator John McAfee for tax evasion

October 6, 2020 | software | No Comments

By Katanga Johnson, Sarah N. Lynch

(Reuters) – Federal prosecutors unsealed an indictment on Monday against John David McAfee, creator of the eponymous anti-virus software, over charges that he evaded taxes and willfully failed to file tax returns.

The U.S. Justice Department announced the charges shortly after the Securities and Exchange Commission revealed it had brought civil charges against McAfee, alleging that he made over $23.1 million in undisclosed compensation from recommending seven cryptocurrency offerings on Twitter that were materially false and misleading.

The indictment, filed under seal in June, was unsealed following his arrest in Spain where the United States is seeking to extradite him.

He is alleged to have earned millions in income from promoting cryptocurrencies, as well as through consulting work, speaking engagements, and selling the rights to his life story for a documentary. Despite this income, the Justice Department said he failed to file any tax

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By iwano@_84