During the first quarter of 2015 petitioner received about $750,000 from entities allegedly seeking to purchase Nigerian crude oil. Shortly thereafter he attempted to wire $300,000 to a foreign bank. The U.S. Secret Service flagged the transaction and alerted the Internal Revenue Service. Believing that petitioner intended ‘quickly to depart from the United States or to remove his property therefrom,’ the IRS made a termination assessment under Section 6851(a).
COMMENT: BTW a taxpayer has probably crossed the line from civil to criminal here. He/she should see a tax attorney, as matters are going south very soon.
COMMENT: You see this coming, don’t you?
COMMENT: Did I mention that UTWO had zero background in oil and gas? One would think his father was a politician.
COMMENT: Born every minute, it seems.
COMMENT: The fraud penalty is 75%. Never, ever go there.