Tax Evasion
Famous Gangster who was convicted on 5 counts of tax fraud from 1925-1927 and willful failure to file for 1928-1929.
Al Capone
Year the IRS is founded
1953
National Defense
Unemployment and retirement benefits
Nature protection
Medical research
Form that tells employer how much to withhold for each paycheck
W-4
How many methods of payment are there
4
MLB star for the New York Mets who pleaded guilty to a felony count of tax evasion in 1995 for failing to report over 350,000 in autograph and memorabilia income
Darryl Strawberry
2018
How much tax revenue goes to edjucation In minnesota
28 Million
This form reports annual taxable wages along with the withholding from the last year
W-2
Which method records income when cash is actually received and expenses are paid
Cash Method
Charged with more than $16 Million in unpaid back taxes causing the IRS to seize most of his assets, including his houses & recording studios. He eventually paid off all the debt by recording another album and using the sales of this recording.
Willie Nelson
Year the IRS introduces online filing
1991
What is the total amount of tax revenue spent in Minnesota
137 Million
This form reports taxes not from a traditional employer
1099
This method is a specific tax rule allowing certain industries or transactions to recognize income or expenses differently
Special Method
Served 4 months in prison in 1979 and was ordered to perform 1000 hours of benefits shows due to evading taxes
Chuck Berry
Legislation in 1986 to simplify filing taxes
Tax Reform Act
Human and Health Services
Tax form that allows your to report yearly income
1040
This method allows taxpayers to combine elements of both the cash and accrual methods
Hybrid Method
In 1973, the sitting Vice President of the United States resigned after pleading no-contest to tax evasion charges related to bribes he accepted while serving as Governor of Maryland.
Spiro Agnew
Nationwide automated filing tax system was created in this year
1967
Where does the least amount of tax revenue go in Minnesota
Debts
Used to report specific expenses such as student loans and mortgages
1098
This method requires businesses to report income when it is earned (when services are provided or goods are shipped) and deduct expenses when they are incurred
Accrual Method