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	<title>CFOsnafu.com &#187; fines</title>
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	<link>http://www.cfosnafu.com</link>
	<description>Some days it should be legal to keep two sets of books</description>
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		<title>Kid without a name? That&#8217;s a tax fine</title>
		<link>http://www.cfosnafu.com/kid-without-a-name-thats-a-tax-fine/</link>
		<comments>http://www.cfosnafu.com/kid-without-a-name-thats-a-tax-fine/#comments</comments>
		<pubDate>Tue, 23 Dec 2008 11:00:17 +0000</pubDate>
		<dc:creator>Shane Borer</dc:creator>
				<category><![CDATA["Seemed like a good idea at the time"]]></category>
		<category><![CDATA[Latest news & views]]></category>
		<category><![CDATA[Whistleblowers]]></category>
		<category><![CDATA[Children]]></category>
		<category><![CDATA[fines]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.cfosnafu.com/?p=495</guid>
		<description><![CDATA[If you&#8217;ve ever been surprised at at what states and IRS fine for, you won&#8217;t believe these penalties &#8230;  Thanks to a new Swedish law, the Tax Agency can now fine parents who fail to give their children names before they are three months old. Non-compliant parents face a fine of up to $1,200 per [...]]]></description>
			<content:encoded><![CDATA[<p>If you&#8217;ve ever been surprised at at what states and IRS fine for, you won&#8217;t believe these penalties &#8230;  <span id="more-495"></span></p>
<p>Thanks to a new Swedish law, the Tax Agency can now fine parents who fail to give their children names before they are three months old.</p>
<p>Non-compliant parents face a fine of up to $1,200 per violation.</p>
<p>Thomas Norgren of the Agency says, &#8220;It&#8217;s every child&#8217;s right to have a name.&#8221; Of course, parents who are slow to name their children can also cause a paperwork delay on the Agency&#8217;s side of things, so the fines might not be entirely for the childrens&#8217; sake.</p>
<p>Norgren also said the agency is currently focusing on the parents of 400 nameless children, but odds are good there are many more offenders in the country.</p>
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		<title>Worried sick over tax theft</title>
		<link>http://www.cfosnafu.com/worried-sick-over-tax-theft/</link>
		<comments>http://www.cfosnafu.com/worried-sick-over-tax-theft/#comments</comments>
		<pubDate>Fri, 06 Jun 2008 10:00:31 +0000</pubDate>
		<dc:creator>Shane Borer</dc:creator>
				<category><![CDATA["Would you want this person in Finance?"]]></category>
		<category><![CDATA[Compliance]]></category>
		<category><![CDATA[Fighting off fraud]]></category>
		<category><![CDATA[Latest news & views]]></category>
		<category><![CDATA[Sales and use tax missteps]]></category>
		<category><![CDATA[Felony]]></category>
		<category><![CDATA[fines]]></category>
		<category><![CDATA[Remitted taxes]]></category>
		<category><![CDATA[Social Security]]></category>

		<guid isPermaLink="false">http://www.cfosnafu.com/?p=60</guid>
		<description><![CDATA[After getting caught with over $200,000 owed to the state and government, a Minnesota business owner is choosing a non-traditional defense &#8212; yes, he stole, but he feels really bad about it. Stephen Edward Matters, owner and operator of My Maid and other residential cleaning businesses in the Minneapolis/St. Paul area, was nabbed when his [...]]]></description>
			<content:encoded><![CDATA[<p>After getting caught with over $200,000 owed to the state and government, a Minnesota business owner is choosing a non-traditional defense &#8212; yes, he stole, but he feels <em>really bad</em> about it.<span id="more-60"></span></p>
<p>Stephen Edward Matters, owner and operator of My Maid and other residential cleaning businesses in the Minneapolis/St. Paul area, was nabbed when his company&#8217;s books weren&#8217;t as spotless as its services.  Among the 22 felony tax charges Matters faces, two stand out:</p>
<ol>
<li>Not remitting sales tax in excess of $150,000 to the state, and</li>
<li>Pocketing $55,300 in Social Security taxes from employees&#8217; paychecks instead of handing the money over to IRS.</li>
</ol>
<p>My Maid had sales of at least $2,413,906 between 1998 and 2005, yet Matters never handed a dime to the state. One key factor raised a red flag: the Minnesota Department of Revenue had revoked Matter&#8217;s sales tax permit in 2000, yet he continued to perform business without it.</p>
<p>Of course, his business wasn&#8217;t the only thing profiting. Those Social Security taxes he&#8217;d held onto? Matters used them for personal expenses. Rather than worry about hiding that extra income on his tax return, he simply decided not to file personal income tax for 10 years.</p>
<p>After grilling him over his financial &#8220;decisions,&#8221; state and federal prosecutors reported Matters  &#8220;often could not sleep because he was worried about the fact that he had not paid or filed taxes.&#8221;</p>
<p>Apparently, he couldn&#8217;t pull himself away from his guilt long enough to take a nap on the giant pile of money he&#8217;d been stealing from his employees and the state.</p>
<p>We&#8217;ll see if a judge feels his pain &#8212; each of his 22 felonies is punishable by a $10,000 fine, up to five years in prison, or both.</p>
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		<title>Owner kicks patients while they&#8217;re down</title>
		<link>http://www.cfosnafu.com/owner-kicks-patients-while-theyre-down/</link>
		<comments>http://www.cfosnafu.com/owner-kicks-patients-while-theyre-down/#comments</comments>
		<pubDate>Fri, 09 May 2008 10:00:25 +0000</pubDate>
		<dc:creator>Shane Borer</dc:creator>
				<category><![CDATA["Would you want this person in Finance?"]]></category>
		<category><![CDATA[Assessments]]></category>
		<category><![CDATA[Auditing]]></category>
		<category><![CDATA[Latest news & views]]></category>
		<category><![CDATA[elderly care]]></category>
		<category><![CDATA[employment taxes]]></category>
		<category><![CDATA[fines]]></category>
		<category><![CDATA[nurses]]></category>

		<guid isPermaLink="false">http://cfosnafu.com/?p=3</guid>
		<description><![CDATA[There&#8217;s usually little remorse from people who get caught red-handed cheating on a company&#8217;s books. What about someone who steals from nurses and elderly care facilities? There&#8217;s a special place you-know-where for people who do that. Paul Scott King, Jr. is the former owner and CFO of Nurses Now, LLC and Ichor Health Services, Inc, [...]]]></description>
			<content:encoded><![CDATA[<p>There&#8217;s usually little remorse from people who get caught red-handed cheating on a company&#8217;s books. What about someone who steals from nurses and elderly care facilities?<span id="more-3"></span></p>
<p>There&#8217;s a special place you-know-where for people who do that.</p>
<p>Paul Scott King, Jr. is the former owner and CFO of Nurses Now, LLC and Ichor Health Services, Inc, which provided temporary services of nurses and medical professionals to nursing homes and hospitals in the Milwaukee area.</p>
<p>Too bad the employees&#8217; work ethic didn&#8217;t rub off on the owner.</p>
<p>King withheld both income and social security taxes from his employees&#8217; wages, but socked them away into personal accounts instead of remitting them to IRS.</p>
<p>On top of the $432,191 in employment taxes he owes to the feds, he also faces a fine of up to $250,000 and a maximum of five years in prison.</p>
<p>Let&#8217;s just hope he doesn&#8217;t find his new cell too drafty &#8211; he&#8217;s ticked off pretty much everyone in the area who&#8217;d be able to help him with a cold.</p>
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