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Software Tax (AXcess News) San Francisco, CA - A Milpitas, California couple were sentenced yesterday for falsifying their federal income tax returns between 1999 and 2002 related to a business they owned that sold products to Lucent Technologies.

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Every Landlord Tax Deduction United States Attorney Kevin V. Ryansaid that Hong Van Phan and Khanh Dieu Hoang, husband and wife, were sentenced yesterday for falsifying their federal income tax returns between 1999 and 2002. Mrs. Hoang was sentenced to 28 months in prison and ordered to pay $271,111 in restitution and a $7,500 fine. Mr. Phan was sentenced to 16 months in prison and ordered to pay $76,163.07 in restitution and a $7,500 fine. The defendants delivered to the government a check for $2,816,788.43 just minutes before sentencing as partial payment for their unpaid taxes, penalties, and interest. This prosecution is the result of an investigation by the IRS.

Recently, the IRS has been relying more on informant information, reported Cryan, particularly as a result of the IRS disclosure efforts over the past year regarding abusive tax shelters. The disclosures required under current tax law, for instance, have given the IRS lists of promoters and tax shelter participants, all of which have proven fertile ground for gathering information about tax shelter activities. In addition, income taxpayers, card schemes through the Offshore Voluntary Compliance Initiative (OVCI).

Tax Help Phan worked for Lucent Technologies and its predecessor company Ascent Communication from 1996 until 2003.He invented a testing device which he then sold to Lucent. However, since his employment contract with Lucent prohibited such sales, Phan and his wife created a company to manufacture and sell the product to Lucent, without Lucent knowing of his involvement. The defendant received approximately $8,000,000 in sales revenue which they did not report on their 1998-2002 tax returns, resulting in unpaid tax of approximately $3,300,000, excluding interest and penalties.

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Help Tax Mrs. Hoang and Mr. Phan pleaded guilty on September 28, 2005, to four counts and one count, respectively, of filing false tax returns. There was no plea agreement with Mrs. Hoang, who admitted in court to preparing their joint tax returns for the years 1999 through 2002 and failing to report approximately $8 million of income they earned from a business they owned and operated. According to the plea agreement with Mr. Phan, he admitted to being aware of his wifes failure to report approximately $200,000 of income from their business on their 2002 tax return.

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Ernst Ernst Guide Guide Tax The sentences were handed down by U.S. District Court Judge William H. Alsup. Mrs. Hoang will begin serving her sentence on March 27, 2006, and Mr. Phan will begin serving his sentence upon the completion of Mrs. Hoang's sentence.

Tax Return Jeff Finigan and Jay R. Weill are the Assistant U.S. Attorneys who prosecuted the case. The prosecution is the result of a two year investigation by Special Agents of the Internal Revenue Service.

Return Tax Roger L. Wirth, IRS Special Agent in Chargeof the case said,"What we see here is another example of the dangerous consequences of tax fraud. People who evade their tax obligations should expect to face federal criminal prosecution and possible imprisonment."

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