IRS Obtains More Than 100 Injunctions Against Tax Scheme Promoters

Written by Richard A. Chapo

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Ifrepparttar Justice Department concurs, it files suit againstrepparttar 148228 promoter requesting thatrepparttar 148229 court orderrepparttar 148230 promoter to refrain fromrepparttar 148231 fraudulent activity. Depending onrepparttar 148232 facts and circumstances ofrepparttar 148233 case,repparttar 148234 court may issue a temporary restraining order, a temporary injunction or a permanent injunction.

At present,repparttar 148235 courts have issued injunctions against 99 abusive scheme promoters –– 81 permanent injunctions and 18 preliminary injunctions. They have issued permanent injunctions against 17 abusive return preparers. The Justice Department has filed an additional 49 suits seeking injunction action –– 28 against scheme promoters and 21 against return preparers.

The IRS is currently investigating more than 1,000 additional promoters for possible referral torepparttar 148236 Justice Department and conducting individual examinations on thousands of tax scheme participants.

Richard Chapo is CEO of Business Tax Recovery - Obtaining tax refunds for small businesses for overpaid taxes. Discovery tax strategies and deductions in our tax articles section.

Reverse Mortgage Providing Peace of Mind Without Sacrificing Safety or Security

Written by Barry Scoles

Continued from page 1

1.Loan amounts, interest rates, and loan terms are set by HUD and Fannie Mae and can never vary from one lender to another. 2.HUD and Fannie Mae have established what fees can be charged and has set caps on them all. 3.All programs have lifetime interest rate caps 4.The term ofrepparttar loan is 150 years beyondrepparttar 148192 birth date ofrepparttar 148193 youngest homeowner (i.e. date of birth April 1940, loan expiration April 2090) 5.If a spouse passes, none ofrepparttar 148194 terms ofrepparttar 148195 loan change, andrepparttar 148196 remaining spouse may stay inrepparttar 148197 home for as long as they wish 6.If you are receiving monthly draws from your reverse mortgage, and your check is late for any reason,repparttar 148198 lender is required by federal statute to payrepparttar 148199 homeowner a 10% late fee. 7.Funds from a reverse mortgage are not considered income and therefore are not taxable and have no affect on ones Social Security or Medicare 8.If a homeowner’s health required extended hospitalization or assisted living care outsiderepparttar 148200 home, as long asrepparttar 148201 homeowner returns to their home within 12 months there is no interruption inrepparttar 148202 loan 9.Lenders are not permitted to take any steps in processing a reverse mortgage for any homeowner untilrepparttar 148203 senior has received independent counseling from a certified reverse mortgage counselor. 10.Followingrepparttar 148204 closing ofrepparttar 148205 reverse mortgagerepparttar 148206 homeowner has a three-day period to reconsiderrepparttar 148207 loan and cancelrepparttar 148208 transaction without any cost or obligation.

Reverse mortgages provide a safe secure solution for seniors to live out their life inrepparttar 148209 comfort of their own home withrepparttar 148210 dignity they deserve.

Barry Scoles is a leading expert in the Reverse Mortgage industry. For more information please contact him at 1st Reverse Mortgage USA 877-217-0166 or

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