Latest news with #IRS
USA Today
an hour ago
- Entertainment
- USA Today
Fat Joe faces explosive sex trafficking lawsuit from former hype man
Another famous rapper has been his with a RICO charge, this time in civil court. Fat Joe is being sued by his former hype man, Terrance "T.A." Dixon, for over a decade of alleged abuse and demanding up to $20 million in damages. In a lengthy complaint filed in federal court Thursday, June 19, lawyers for Dixon accused the Bronx-based rapper, whose legal name is Joseph Cartagena, of a "deliberate and sustained campaign of exploitation." So graphic was the 157-page filing detailing Cartagena's alleged campaign of abuse and criminality that it contains a "trigger warning" in bright red text at the top alerting of the depictions of sex trafficking and assault that follow. Discover WITNESS: Access our exclusive collection of true crime stories, podcasts, videos and more "Fat Joe is Sean Combs minus the Tusi," Tyrone Blackburn, Dixon's lawyer, wrote in a statement to USA TODAY June 20, referencing Sean "Diddy" Combs' ongoing criminal RICO case in which the music mogul is accused of sex trafficking and transportation to engage in prostitution. "Tusi" is a variety of cocaine. "We have three additional pages of predicated acts which we are itching to disclose if the defendants call our bluff," Blackburn wrote. He is also representing rapper Lil Rodney in a separate case against Combs. Joe Tacopina, Cartagena's lawyer, called the lawsuit "a blatant act of retaliation," in a statement to USA TODAY June 20. Referencing Cartagena's own civil suit against Dixon, in which he accused his former employee of extortion, Tacopina wrote: "We didn't just sue a disgruntled former employee trying to revive a false claim from 15 years ago — we sued the lawyer behind it all. Tyrone Blackburn has a well-documented pattern of abusing the courts to harass defendants and generate media attention." "Law enforcement is aware of the extortionate demand at the heart of this scheme. The allegations against Mr. Cartagena are complete fabrications — lies intended to damage his reputation and force a settlement through public pressure," Tacopina wrote. "Mr. Cartagena will not be intimidated. We have taken legal action to expose this fraudulent campaign and hold everyone involved accountable." Who is Terrence Dixon and why is he suing Fat Joe? Dixon, according to the filing, worked for Cartagena for 16 years in various capacities, including as a lyricist and creative partner, labor for which the lawsuit alleges he was never compensated or credited. Beyond a run-of-the-mill employment dispute, Dixon's complaint claims that Cartagena oversaw a criminal enterprise, buoyed by violence and intimidation, in which Dixon was forced into performing sex acts "under duress and surveillance." Cartagena and his associates threatened to abandon Dixon in foreign countries if he did not comply, the complaint alleges, and systematically underpaid him, committing tax fraud in the process by inflating his wages in reports to the IRS. Like many RICO cases, which were originally designed to help the government unravel multi-state gang operations, Dixon's complaint tells a complex tale of criminality. It ties together a small sneaker store in New York allegedly laundering money, fake Instagram accounts designed to harass Dixon into silence, and highly orchestrated sexual performances, which Cartagena allegedly recorded. While this RICO case is civil, brought by one party against another, many are federal, brought by lawyers for the government against an individual as in the high profile cases of Combs, rapper Young Thug and President Donald Trump. "Sexual compliance became a condition of (Dixon's) continued employment, access to essential resources, safe travel, and basic human dignity," Cartagena's filing reads, alleging that over the course of his employment, Dixon was forced into 4,000 unwanted sexual encounters. Lawyers for Dixon also allege that Cartagena engaged in sex with minors, some as young as fifteen and sixteen years old. In a series of explosive claims, the filing alleges that Cartagena paid for cosmetic surgery for one of the minors, exchanged money for a cell phone bill for sexual favors from another and contemplated leaving his wife for one of the young girls. "Cartagena has demonstrated a disturbing lack of remorse or discretion regardinghis predatory behavior," lawyers for Dixon argue. "Rather than conceal his actions, he has, on multiple occasions, alluded to or openly referenced sexually inappropriate conduct in his public persona and artistic output." Referencing Cartagena's hit track "She's My Mama," the filing claims the lyrics demonstrate a clear fascination with underage women. The choice to use lyrics as evidence, particularly in a RICO case, is rich with controversy, following Young Thug's trial in Georgia in which the rapper's verses were used to demonstrate a propensity for violent behavior. Looping in high-profile political figures, the lawsuit alleges Cartagena used his connections to figures like former Vice President Kamala Harris, President Bill Clinton and New York City Mayor Eric Adams to bolster his sense of power and impunity. The filing includes a photo of Adams gifting Cartagena a key to the city – a symbolic gesture also afforded to Combs. Another photo shows Clinton allegedly wearing a pair of shoes that Cartagena gifted him, which, unbeknownst to the former president, bore the name of the criminal enterprise. The lawsuit, which is both wide-ranging and starkly detailed, paints a picture with its multifold accusations of a powerful man in entertainment who, behind the scenes, was both a bully and a sexual abuser, intent on using his influence to secure silence and compliance. Fat Joe rose to fame in the 1990s, forming the rap group Terror Squad and a label by the same name. His hit tracks include "What's Luv" which features Ja Rule and Ashanti and "Lean Back," which became a dance sensation.
The Hill
2 hours ago
- Politics
- The Hill
Veterans pay debts while reality TV elites get pardons
It's disheartening to see veterans penalized for government errors while wealthy tax evaders walk free and secure media deals. Justice should honor sacrifice — yet far too often, it rewards fame and fortune. This is not just mismanagement; it is a systemic betrayal. We must demand a system that truly values those who serve. The Department of Veterans Affairs is reclaiming from disabled veterans billions in alleged overpayments. Many of these veterans were unaware of this until they received debt notices months or even years later. Meanwhile, elites emerge from prison with smiles, stylists and TV contracts. Todd and Julie Chrisley, convicted of millions in tax fraud, were pardoned by President Trump. Days later, news broke that they would return to television with a rebooted reality show produced by Scout Productions. The agents are reportedly tied to Trump-aligned media and political circles, proving once again how power and privilege convert even scandal into profit. And while they sign new deals, veterans remain on hold with the VA Debt Management Center, disputing errors that might cost them rent. Where is our president and commander-in-chief? The numbers don't make sense. The VA has issued $5.1 billion in overpayments since 2021 and is now aggressively trying to recoup those funds from veterans, many disabled, retired or transitioning out of service. IRS data from 2024 shows the wealthiest Americans evade more than $150 billion in taxes each year. And what did Congress do? It rescinded $20.2 billion in IRS funding, cutting the resources needed to pursue those very tax cheats. In other words, the Trump administration is actively targeting working-class veterans and letting billionaires off the hook. Service, sacrifice and integrity are not political ideas, but American ideals. When we demand repayments from disabled veterans while pardoning millionaire fraudsters, we don't just betray those who served, but the very foundation of what America is meant to represent. We don't need more lawmakers, but leaders who remember the purpose and legacy of the oath to defend life, liberty, and the sacred right of free will. This is not a partisan issue, and it's time to call this what it is: moral decay at the highest level. Tim James, a retired U.S. Navy lieutenant, served 22 years honorably — 11 years enlisted and 11 years as a commissioned officer through the Navy's Limited Duty Officer program. He is a volunteer with Veterans For Ethical Leadership and advocates for policies that uphold the dignity of service and expose systemic failures affecting veterans and democracy.
Miami Herald
3 hours ago
- Business
- Miami Herald
Who Really Qualifies for IRS Fresh Start Program? Clear Start Tax Breaks Down the Fine Print in 2025
Clear Start Tax Explains Why Not Everyone Qualifies for IRS Fresh Start, and What It Really Takes to Settle Tax Debt for Less IRVINE, CA / ACCESS Newswire / June 20, 2025 / The IRS Fresh Start Program has helped many taxpayers resolve overwhelming tax debt, but according to Clear Start Tax, widespread myths continue to mislead the public about who actually qualifies. While many companies advertise Fresh Start as a guaranteed solution, the reality is that eligibility depends on strict financial guidelines that the IRS carefully evaluates. "Fresh Start can absolutely provide life-changing relief, but not everyone qualifies automatically," said the Head of Client Solutions at Clear Start Tax. "Too often, people are told they're eligible without anyone reviewing their full financial picture." The Biggest Myth: Everyone Qualifies Clear Start Tax says the most common misunderstanding is that Fresh Start is an open invitation for anyone who owes back taxes to settle for pennies on the dollar. In truth, Fresh Start is a collection of IRS programs - such as Offer in Compromise, Installment Agreements, and Currently Not Collectible status - each with its own eligibility rules. "The IRS doesn't approve Fresh Start offers based on how much you owe. They approve based on how much you can actually pay," the Head of Client Solutions at Clear Start Tax explains. What the IRS Looks at to Determine Eligibility The IRS reviews every applicant's financial situation in detail. Key factors include: Income: Wages, self-employment, retirement income, and household earningsAssets: Equity in real estate, vehicles, bank accounts, retirement funds, and investmentsExpenses: Necessary living costs including housing, food, insurance, medical expenses, and dependentsHousehold Size: How many people rely on the taxpayer's incomeAge and Health: Retirement status or medical conditions may impact financial analysis The IRS calculates a taxpayer's "reasonable collection potential" based on these factors to decide whether full or partial settlement is allowed. By answering a few simple questions, taxpayers can find out if they're eligible for the IRS Fresh Start Program and take the first step toward resolving their tax debt. How Clear Start Tax Builds Strong Cases Because the IRS process is heavily document-driven, Clear Start Tax takes a hands-on approach to preparing each Fresh Start application. Their team: Conducts full financial reviews to uncover eligibilityCollects and organizes required documentationCalculates accurate offer amounts based on IRS formulasCommunicates directly with the IRS on the client's behalfProtects clients from submitting unrealistic or non-compliant offers "The goal isn't just to submit paperwork, but to submit a proposal the IRS will actually accept," the Head of Client Solutions added. "That's where professional preparation makes all the difference." Beware of Companies That Overpromise Clear Start Tax also warns taxpayers to be cautious of companies that promote guaranteed Fresh Start approvals or claim every debt can be settled for next to nothing. "If someone promises you guaranteed Fresh Start approval before reviewing your full financial profile, that's a red flag," said the Head of Client Solutions at Clear Start Tax. "The IRS does not accept every offer, and submitting weak or incomplete proposals can lead to unnecessary delays and additional financial consequences." About Clear Start Tax Clear Start Tax is a full-service tax liability resolution firm that serves taxpayers throughout the United States. The company specializes in assisting individuals and businesses with a wide range of IRS and state tax issues, including back taxes, wage garnishment relief, IRS appeals, and offers in compromise. Clear Start Tax helps taxpayers apply for the IRS Fresh Start Program, providing expert guidance in tax resolution. Fully accredited and A+ rated by the Better Business Bureau, the firm's unique approach and commitment to long-term client success distinguish it as a leader in the tax resolution industry. Need Help With Back Taxes? Click the link below: 710-3533 Contact Information Clear Start TaxCorporate Communications Departmentseo@ 535-1627 SOURCE: Clear Start Tax
Time Business News
4 hours ago
- Business
- Time Business News
Real Estate Tax Accountant Near Me: How to Find the Right Expert for Maximum Tax Savings
Whether you're a property investor, landlord, or simply own a second home, you've likely searched for a real estate tax accountant near me at some point. Taxes related to property ownership are complex, and one wrong move can cost you thousands in missed deductions, IRS penalties, or poor planning. A qualified tax accountant who specializes in real estate can help you legally reduce your tax liability, increase your deductions, and create a smart financial plan for long-term success. In this guide, you'll learn how to choose the best real estate tax accountant near me, what services they offer, who needs one, and how they can support your wealth-building journey. By the end, you'll know exactly why having a local expert in your corner matters more than ever. Property taxes and investment income laws aren't like basic income tax. Rental income, depreciation, 1031 exchanges, short-term rentals, and real estate professional status all require knowledge far beyond general tax filing. When you search for a real estate tax accountant near me, you're looking for someone who understands the unique IRS rules that apply to real estate and knows how to use them to your advantage. A general tax preparer might miss key deductions or misclassify income, while a specialist can help you: Maximize depreciation and cost segregation benefits Minimize capital gains through strategic planning Reduce your tax burden on rental income Comply with federal and local property tax laws Prepare and plan for real estate-related audits Choosing a real estate tax accountant near me ensures that you're working with someone who knows your state's rules, local tax laws, and federal real estate policies. When searching for a real estate tax accountant near me, it's helpful to know what services they should offer. A specialized accountant does much more than fill out tax forms. They take a proactive role in protecting your money and keeping your investments compliant. Top services include: Preparation of Schedule E for rental properties Tracking and optimizing depreciation deductions Advising on 1031 like-kind exchanges Analyzing passive vs. active income rules Entity formation and structure setup (LLC, S-Corp) Bookkeeping and expense tracking for landlords Guidance on real estate professional tax status Filing short-term rental income correctly Estate and inheritance planning for real estate portfolios A certified real estate tax accountant near me will tailor these services based on your portfolio size and investment strategy. Many people think only big-time investors need tax specialists. But in truth, nearly anyone involved in real estate can benefit from working with a real estate tax accountant near me. Consider hiring one if you: Own one or more rental properties Operate short-term vacation rentals Flip houses as a side business Are planning to sell a property this year Want to perform a 1031 exchange Are forming a real estate partnership or LLC Are approaching retirement and want to minimize taxes Want to leave real estate to heirs tax-efficiently Even if you're just getting started, a local real estate tax accountant near me can help you build a stronger foundation from day one. There are countless national tax preparation services and online tools. So why go local? Searching for a real estate tax accountant near me brings several unique advantages that national firms can't match. Benefits include: Knowledge of local tax rules and property laws In-person meetings for better communication Faster response times during filing season Personalized attention based on your real estate goals Ability to collaborate with your local attorney or agent More accountability and long-term relationship-building A real estate tax accountant near me offers both the expertise and local understanding that online tax software simply can't provide. Once you've decided to hire a professional, the next step is choosing the right one. Not all accountants understand the complexities of real estate taxation, so it's important to ask the right questions. Here's what to look for when evaluating a real estate tax accountant near me: Certified Public Accountant (CPA) or Enrolled Agent (EA) designation Proven experience with real estate investors or landlords Familiarity with depreciation, 1031 exchanges, and cost segregation Positive client reviews, especially from property owners Ability to offer year-round planning, not just tax season filing Willingness to work with your financial advisor or attorney A strong real estate tax accountant near me will also ask detailed questions about your income streams, property values, and investment goals—because good tax planning is never one-size-fits-all. To avoid choosing the wrong accountant, make sure to ask questions like: How many real estate clients do you work with? Are you familiar with short-term rental tax laws? Can you help with multi-state real estate ownership? Do you provide tax planning or just tax filing? Can you assist with 1031 exchanges and entity structure? Will you be available if I get audited? The best real estate tax accountant near me will answer confidently and offer specific examples of how they've helped clients like you. Many landlords and real estate investors leave money on the table because they don't know what's deductible. A good real estate tax accountant near me ensures you capture every legitimate deduction. Here are just a few deductions they'll help you manage: Mortgage interest Property taxes Depreciation Repairs and maintenance Insurance premiums Travel and mileage related to property Legal and accounting fees Property management expenses Utilities (when applicable) Advertising for tenants Without a real estate tax accountant near me, you risk either overpaying taxes or triggering an audit by guessing your way through deductions. Hiring a specialist is an investment, but often one that pays for itself many times over. The cost of hiring a real estate tax accountant near me varies based on your needs, property count, and complexity of your tax situation. Here's a general breakdown of typical costs: Service Type Average Cost Range Basic return with 1 rental property $300 – $600 Multiple properties or entities $700 – $1,200+ Year-round planning and consulting $100 – $250/month 1031 Exchange support $500 – $1,000+ While prices may vary by region, a qualified real estate tax accountant near me will always provide clear, upfront estimates before starting. The best time to look for a real estate tax accountant near me is before the end of the tax year. That way, they can help with strategic planning rather than just cleaning up mistakes. Ideal times to hire include: Before purchasing or selling property After starting or expanding a rental business When switching to short-term rentals If your income has significantly increased When preparing for retirement or estate planning Don't wait until tax season stress kicks in—start your search for a real estate tax accountant near me when you have time to plan, not just react. Managing property without tax support is like driving without a map—you might reach your destination, but you'll hit a lot of bumps along the way. A reliable real estate tax accountant near me is more than just a tax preparer. They are your partner in making smarter investment decisions, reducing your liabilities, and increasing your long-term profits. The right accountant will not only save you money this year, but also position you to build wealth for years to come. So if you've ever typed 'real estate tax accountant near me' into a search bar, don't wait—take the next step, interview a few professionals, and bring one on board today. Your real estate future deserves that level of care. TIME BUSINESS NEWS
Time of India
5 hours ago
- Sport
- Time of India
Former Olympian Ryan Lochte owes $270,000 in debt after divorce from model Kayla Rae Reid
12-time Olympic medalist Ryan Lochte is in the news for all the wrong reasons. The former swimming sensation, whose career was severely dented following the scandal at the Rio 2016 Olympics, is now in serious financial trouble. Tired of too many ads? go ad free now Divorce filings with estranged wife Kayla Rae Reid uncovered that Ryan Lochte is now in debt by more than $270,000, a stunning descent from greatness for one of America's most decorated swimmers. Ryan Lochte's divorce from Kayla Rae Reid exposes six-figure debt and unpaid taxes The swimmer and Kayla Rae Reid are in serious financial difficulties, US Weekly reports, citing the documents that were procured by the magazine. It is reported that they owe $270,000, including $99,696.06 (£73,305) in unpaid taxes for 2021 and 2022 to the Internal Revenue Service (IRS) and additional medical bills of $167,697.88 (£123,305). The couple had been married for 17 years and had three children together. Their love story started in 2015 when they started seeing each other before getting engaged in 2016 and finally tying the knot in 2018. But their fairy tale didn't last long, as allegations of cheating led to their unfortunate split. Ryan Lochte and Estranged Wife Kayla Reid's Debt Revealed Amid Divorce | E! News 'Kayla and I both wish to keep this matter private for many reasons, most importantly, to protect our children,' Ryan Lochte had told PEOPLE in a statement earlier during their split. 'For that reason, I also won't be commenting on this matter or replying to allegations made by third parties.' Ryan Lochte had addressed the divorce on social media as well, writing, "This past year has brought major changes for both of us as we've come to the difficult decision to end our marriage. I'm deeply grateful for the life we've built together and especially for the love we share for our three children. I remain committed to healing, growth, and co-parenting with care and respect as we move forward separately." Tired of too many ads? go ad free now Also read: Once celebrated as a swimming legend, Ryan Lochte now has to fight another sort of battle—one of financial rebound and personal reclamation. As he becomes embroiled in a public divorce and accumulates debt, fans wonder if he can emerge from this chapter as strong as he was in the pool.
