Question #1:
Is there any movement to get a playoff system like March Madness for College Football?
It's so anticlimactic to have a bunch of anonymous guys in suits decide who should or should not be eligible to play for the BCS Championship. There's obviously a lot of revenue for the NCAA and its affiliates to be made off of bowl games, but can't the sponsors argue over whose name gets put on the sweet sixteen or final four games?Question #2:
are there any free web sites with free domaines that allow you to have affiliate ads such as adsense?
spangle fish is free but they take the revenue from the ads in return for free sitesQuestion #3:
Website monetization help...?
Erm.. could somebody please explain me how to convert existing traffic being sent to a particular website into revenue..I saw a video starring Carol Nguyen
Click Here
I'm not sure how to go about on click bank...
What am i to do? How to go about..
what do i select? affiliates or vendors?
which is the best? promoting products or selling 'em?
how do we sell or promote?
how to use clickbank.com ?
It pays in dollars..so, right now i'm in India..will it pay me in cheque in USD or in INR?
i dont knw if its fake or for real...
somebody, help me, please!!
Question #4:
I need advice for my Christmas site?
I am in the middle of completing my Christmas site. What are the best affiliates to add on my site, or some aspects that I can place on my site to generate revenue and make money? I am going to add ring tones and offer Christmas lyrics and recipes.Question #5:
I'm looking to start a business and have a tax question...?
The business will contract with, and receive direct revenue from, clients. However, the business will also have contracted affiliates that will do part of the work and be paid directly by the business (i.e., client pays business, business pays contracted affiliate). For the affiliate's work, the company will take a fixed percentage. Here's an example:A client agrees to pay us $10,000 for a service. I will handle half the work myself while an affiliate will do the other half. I receive the ten grand from the client after the service is rendered. The affiliate has agreed that I will take 25% of their share. Since their share of the revenue generation is five grand, I will pay them $3,750. Therefore, I receive $6,250... $5,000 for my share of the work and $1,250 for acting as the marketer/coordinator for the affiliate's work.
Do I have to pay taxes on the entire $10k? Do I only pay tax on the $6,250 - or are there separate guidelines for the $5,000 and the $1,250? I need to know so I can figure out what the right percentage to charge the affiliates is in my business plan.
Thanks in advance!
I forgot to add that I'm in Texas - and the business is registered here. Not sure if that's relevant.
Question #6:
How do I tax my Income? I'm an Affiliate Marketer.?
Hi I've been affiliate marketing online for about about 2 years now. When I first started I was only making around £50-£100 per month to supplement my other job, so I didn't even think about taxes.I went full time last month and I'm now earning £1,500+ per month.
I'll be honest, I don't have a clue when it comes to taxes. I realise that affiliate marketing revenue is taxable income, I just don't know how to go about paying it.
What steps should I take now to ensure I don't get in trouble?
Thank you.
Question #7:
What business idea should I pick?
Over the summer, I want to start an online business/company. I have some coding knowledge and I have a few ideas for the business. Some of the ideas are informational sites, and most are user interactive websites. My goal is to eventually make six or more figures a year. I love all of my ideas, but I'm not sure which to choose.1. A website where users can submit original songs and other users can listen, rate, comment, share, and chat with other users. Useers can also create a profile page and place info on the page.
Revenue: selling ad space, possibly creating a pro membership.
How will it be made: php script from jam room.
Pros- bands need an organized way of promoting themselves.
Cons- purevolume.com already exists.
2. This would be a service. It would be online concierge or your own online butler. For people who don't have time to schedule stuff, they would pay a monthly fee and a person would complete the action for you whenever you want except. Your butler serves you from 8 am to 10pm. I would start off by myself when the business gets started, and then will hire more people as the business grows.
Revenue: monthly fees
Pros: this could be a big hit and many busy executives would need this.
Cons- man labor may make this almost impossible if a lot people use this.
3. A debate website where users could create a debate, and other users could post comments and argue on why they think they agree with the statement, or disagree. Based on them saying they agree or not, thee comment will be placed under an agree column or disagree.
Revenue: selling ad space
How it will be made: script from prescripts.
Pros-there is no site that does this, and people love to express their opinion on topics.
Cons- no affiliate products to sell.
4. A website where people can list their gift cards for sale,trade,or auction and other people can buy the cards for an under worth price. So let's say someone has an unwanted card to target for $125. They recieved it as a gift so they did not pay anything for it. They could easily sell the 125 card for $100 . A person wants the card, so they buy it for $100 . I take a 4% fee and the seller gets $96 for a card he never wanted.
Revenue: selling ad space, charging small fee
How it will be made: marketplace script
Pros- cool site idea
Cons- lots of co,petition and established sites.
5. A website that has reviews, videos, articles on cell phones. I would have tons of content to bring in traffic. I would join verizon AT&T and sprints affiliate programs and sell their phones on my site.
Revenue: affiliate marketing, selling ad space.
How it is made- site builder
Pros- could bring in tons of revenue
Cons- competition cent, phone dog, phone arena, mobiledia, and it is not a user interactive website.
6. A website where people can sell,trade,auction, and buy websites. The person could post a snapshot, price, and info on the wewbsite, and anyone who wants it could buy it. I would take a small 4% fee.
Revenue: small fee, selling ad space
How it's made- script
Pros- good idea
Cons- lots of competition
Those are my ideas. Which do you think is more profitable? Which should I do? Which could eventually make me six or more figures a year? Even if you don't think any are good, which would you choose if you had to? Thanks!
Question #8:
Which website idea should I pick?
Over the summer, I want to start an online business/company. I have some coding knowledge and I have a few ideas for the business. Some of the ideas are informational sites, and most are user interactive websites. My goal is to eventually make six or more figures a year. I love all of my ideas, but I'm not sure which to choose.1. A website where users can submit original songs and other users can listen, rate, comment, share, and chat with other users. Useers can also create a profile page and place info on the page.
Revenue: selling ad space, possibly creating a pro membership.
How will it be made: php script from jam room.
Pros- bands need an organized way of promoting themselves.
Cons- purevolume.com already exists.
2. This would be a service. It would be online concierge or your own online butler. For people who don't have time to schedule stuff, they would pay a monthly fee and a person would complete the action for you whenever you want except. Your butler serves you from 8 am to 10pm. I would start off by myself when the business gets started, and then will hire more people as the business grows.
Revenue: monthly fees
Pros: this could be a big hit and many busy executives would need this.
Cons- man labor may make this almost impossible if a lot people use this.
3. A debate website where users could create a debate, and other users could post comments and argue on why they think they agree with the statement, or disagree. Based on them saying they agree or not, thee comment will be placed under an agree column or disagree.
Revenue: selling ad space
How it will be made: script from prescripts.
Pros-there is no site that does this, and people love to express their opinion on topics.
Cons- no affiliate products to sell.
4. A website where people can list their gift cards for sale,trade,or auction and other people can buy the cards for an under worth price. So let's say someone has an unwanted card to target for $125. They recieved it as a gift so they did not pay anything for it. They could easily sell the 125 card for $100 . A person wants the card, so they buy it for $100 . I take a 4% fee and the seller gets $96 for a card he never wanted.
Revenue: selling ad space, charging small fee
How it will be made: marketplace script
Pros- cool site idea
Cons- lots of co,petition and established sites.
5. A website that has reviews, videos, articles on cell phones. I would have tons of content to bring in traffic. I would join verizon AT&T and sprints affiliate programs and sell their phones on my site.
Revenue: affiliate marketing, selling ad space.
How it is made- site builder
Pros- could bring in tons of revenue
Cons- competition cent, phone dog, phone arena, mobiledia, and it is not a user interactive website.
6. A website where people can sell,trade,auction, and buy websites. The person could post a snapshot, price, and info on the wewbsite, and anyone who wants it could buy it. I would take a small 4% fee.
Revenue: small fee, selling ad space
How it's made- script
Pros- good idea
Cons- lots of competition
Those are my ideas. Which do you think is more profitable? Which should I do? Which could eventually make me six or more figures a year? Even if you don't think any are good, which would you choose if you had to? Thanks!
Question #9:
Which online business idea should I pick?
Over the summer, I want to start an online business/company. I have some coding knowledge and I have a few ideas for the business. Some of the ideas are informational sites, and most are user interactive websites. My goal is to eventually make six or more figures a year. I love all of my ideas, but I'm not sure which to choose.1. A website where users can submit original songs and other users can listen, rate, comment, share, and chat with other users. Useers can also create a profile page and place info on the page.
Revenue: selling ad space, possibly creating a pro membership.
How will it be made: php script from jam room.
Pros- bands need an organized way of promoting themselves.
Cons- purevolume.com already exists.
2. This would be a service. It would be online concierge or your own online butler. For people who don't have time to schedule stuff, they would pay a monthly fee and a person would complete the action for you whenever you want except. Your butler serves you from 8 am to 10pm. I would start off by myself when the business gets started, and then will hire more people as the business grows.
Revenue: monthly fees
Pros: this could be a big hit and many busy executives would need this.
Cons- man labor may make this almost impossible if a lot people use this.
3. A debate website where users could create a debate, and other users could post comments and argue on why they think they agree with the statement, or disagree. Based on them saying they agree or not, thee comment will be placed under an agree column or disagree.
Revenue: selling ad space
How it will be made: script from prescripts.
Pros-there is no site that does this, and people love to express their opinion on topics.
Cons- no affiliate products to sell.
4. A website where people can list their gift cards for sale,trade,or auction and other people can buy the cards for an under worth price. So let's say someone has an unwanted card to target for $125. They recieved it as a gift so they did not pay anything for it. They could easily sell the 125 card for $100 . A person wants the card, so they buy it for $100 . I take a 4% fee and the seller gets $96 for a card he never wanted.
Revenue: selling ad space, charging small fee
How it will be made: marketplace script
Pros- cool site idea
Cons- lots of co,petition and established sites.
5. A website that has reviews, videos, articles on cell phones. I would have tons of content to bring in traffic. I would join verizon AT&T and sprints affiliate programs and sell their phones on my site.
Revenue: affiliate marketing, selling ad space.
How it is made- site builder
Pros- could bring in tons of revenue
Cons- competition cent, phone dog, phone arena, mobiledia, and it is not a user interactive website.
6. A website where people can sell,trade,auction, and buy websites. The person could post a snapshot, price, and info on the wewbsite, and anyone who wants it could buy it. I would take a small 4% fee.
Revenue: small fee, selling ad space
How it's made- script
Pros- good idea
Cons- lots of competition
Those are my ideas. Which do you think is more profitable? Which should I do? Which could eventually make me six or more figures a year? Even if you don't think any are good, which would you choose if you had to? Thanks!
Question #10:
Which business idea should I pick?
Over the summer, I want to start an online business/company. I have some coding knowledge and I have a few ideas for the business. Some of the ideas are informational sites, and most are user interactive websites. My goal is to eventually make six or more figures a year. I love all of my ideas, but I'm not sure which to choose.1. A website where users can submit original songs and other users can listen, rate, comment, share, and chat with other users. Useers can also create a profile page and place info on the page.
Revenue: selling ad space, possibly creating a pro membership.
How will it be made: php script from jam room.
Pros- bands need an organized way of promoting themselves.
Cons- purevolume.com already exists.
2. This would be a service. It would be online concierge or your own online butler. For people who don't have time to schedule stuff, they would pay a monthly fee and a person would complete the action for you whenever you want except. Your butler serves you from 8 am to 10pm. I would start off by myself when the business gets started, and then will hire more people as the business grows.
Revenue: monthly fees
Pros: this could be a big hit and many busy executives would need this.
Cons- man labor may make this almost impossible if a lot people use this.
3. A debate website where users could create a debate, and other users could post comments and argue on why they think they agree with the statement, or disagree. Based on them saying they agree or not, thee comment will be placed under an agree column or disagree.
Revenue: selling ad space
How it will be made: script from prescripts.
Pros-there is no site that does this, and people love to express their opinion on topics.
Cons- no affiliate products to sell.
4. A website where people can list their gift cards for sale,trade,or auction and other people can buy the cards for an under worth price. So let's say someone has an unwanted card to target for $125. They recieved it as a gift so they did not pay anything for it. They could easily sell the 125 card for $100 . A person wants the card, so they buy it for $100 . I take a 4% fee and the seller gets $96 for a card he never wanted.
Revenue: selling ad space, charging small fee
How it will be made: marketplace script
Pros- cool site idea
Cons- lots of co,petition and established sites.
5. A website that has reviews, videos, articles on cell phones. I would have tons of content to bring in traffic. I would join verizon AT&T and sprints affiliate programs and sell their phones on my site.
Revenue: affiliate marketing, selling ad space.
How it is made- site builder
Pros- could bring in tons of revenue
Cons- competition cent, phone dog, phone arena, mobiledia, and it is not a user interactive website.
6. A website where people can sell,trade,auction, and buy websites. The person could post a snapshot, price, and info on the wewbsite, and anyone who wants it could buy it. I would take a small 4% fee.
Revenue: small fee, selling ad space
How it's made- script
Pros- good idea
Cons- lots of competition
Those are my ideas. Which do you think is more profitable? Which should I do? Which could eventually make me six or more figures a year? Even if you don't think any are good, which would you choose if you had to? Thanks!
Question #11:
What online company idea should I choose?
Over the summer, I want to start an online business/company. I have some coding knowledge and I have a few ideas for the business. Some of the ideas are informational sites, and most are user interactive websites. My goal is to eventually make six or more figures a year. I love all of my ideas, but I'm not sure which to choose.1. A website where users can submit original songs and other users can listen, rate, comment, share, and chat with other users. Useers can also create a profile page and place info on the page.
Revenue: selling ad space, possibly creating a pro membership.
How will it be made: php script from jam room.
Pros- bands need an organized way of promoting themselves.
Cons- purevolume.com already exists.
2. This would be a service. It would be online concierge or your own online butler. For people who don't have time to schedule stuff, they would pay a monthly fee and a person would complete the action for you whenever you want except. Your butler serves you from 8 am to 10pm. I would start off by myself when the business gets started, and then will hire more people as the business grows.
Revenue: monthly fees
Pros: this could be a big hit and many busy executives would need this.
Cons- man labor may make this almost impossible if a lot people use this.
3. A debate website where users could create a debate, and other users could post comments and argue on why they think they agree with the statement, or disagree. Based on them saying they agree or not, thee comment will be placed under an agree column or disagree.
Revenue: selling ad space
How it will be made: script from prescripts.
Pros-there is no site that does this, and people love to express their opinion on topics.
Cons- no affiliate products to sell.
4. A website where people can list their gift cards for sale,trade,or auction and other people can buy the cards for an under worth price. So let's say someone has an unwanted card to target for $125. They recieved it as a gift so they did not pay anything for it. They could easily sell the 125 card for $100 . A person wants the card, so they buy it for $100 . I take a 4% fee and the seller gets $96 for a card he never wanted.
Revenue: selling ad space, charging small fee
How it will be made: marketplace script
Pros- cool site idea
Cons- lots of co,petition and established sites.
5. A website that has reviews, videos, articles on cell phones. I would have tons of content to bring in traffic. I would join verizon AT&T and sprints affiliate programs and sell their phones on my site.
Revenue: affiliate marketing, selling ad space.
How it is made- site builder
Pros- could bring in tons of revenue
Cons- competition cent, phone dog, phone arena, mobiledia, and it is not a user interactive website.
6. A website where people can sell,trade,auction, and buy websites. The person could post a snapshot, price, and info on the wewbsite, and anyone who wants it could buy it. I would take a small 4% fee.
Revenue: small fee, selling ad space
How it's made- script
Pros- good idea
Cons- lots of competition
Those are my ideas. Which do you think is more profitable? Which should I do? Which could eventually make me six or more figures a year? Even if you don't think any are good, which would you choose if you had to? Thanks!
Question #12:
Is this considered an online business?
I'm 16. Over the summer, I plan on doing an online business. It is a website where users can share submit rate comment and listen to original songs. All of the money would be from ad revenue.Since many people say online businesses are selling on eBay, selling a product, affiliate marketing, etc.,is the website considered an online business? Is it also considered an Internet company if the site is xyz.com and I call my company XYZ Inc.? Can I be considered a CEO?
Could this idea make me six or more figures a year?
Question #13:
Which Affiliate Program should i Use over my Blog?
I know that Affiliate Programs earns a huge revenue but i just want to know, which affiliate company gives the high payout and good tracking?Question #14:
Should churches be used as shields to protect business from fulfilling their obligations?
Employees and retirees of Minneapolis publisher Augsburg Fortress are suing their employer, alleging in their complaint that it allowed their pension plan to fail, and used its connection to the Lutheran church as a legal shield to avoid paying them all their pensions.The suit, filed in federal court in Minneapolis on Wednesday, comes more than three months after the company announced it was terminating the plan, saying it had been underfunded for nine years. The plan had only $8.6 million to pay $24.2 million in pension obligations to 500 employees and retirees, said the company, which publishes books for the Evangelical Lutheran Church of America, including hymnals, the works of theologian Dietrich Bonhoeffer, and Garrison Keillor's latest book.
Beth Lewis, Augsburg Fortress's president and CEO, said the decision to terminate the plan was difficult but done to ensure that most people received at least some of their pensions. "We did what we thought was most equitable for the largest number of plan participants. "
Pensions are protected by federal law, which requires employers to fund the benefits, and insure their pensions with the Pension Benefit Guaranty Corp., which ensures their pensions will be paid even if the pension plan fails and the employer files for bankruptcy.
But when the law was enacted in the 1970s, churches were exempt unless they opted in. In the 1980s, the IRS definition of "church plan" widened to include almost any organization affiliated with a religious group. That includes recreational groups, hospitals and schools, and publishers like Augsburg Fortress.
Now, a number of church plans are struggling in the wake of investment losses. How many is difficult to say. Church plans don't have to file annual reports with the Internal Revenue Service disclosing their pension obligations, assets and investment managers, among other details.
Church plans also don't have to tell employees how healthy their pension plans are, so bad news can come as a shock. That happened to Augsburg Fortress employees in January. The company sent letters to the 500 employees, former employees and retirees explaining that most would receive only a portion of their pensions, paid out in a check in March.
James Lipscomb, 62 years old, who was laid off in 2008 after 33 years as an editor, art department manager and systems manager, saw his pension fall by 30%. His lump sum was about $135,000 less than what he had earned over his career. "I'm grateful that I'm not worse off," he said, noting that some people who had been there fewer years were receiving only 20% of their pensions. The publisher confirms that some people with few years at the company would have received less of their expected pension.
The letter, from chief executive Ms. Lewis, cited investment losses from late 2007 to early 2009 for the severity of the underfunding. The company was unable to make up the shortfall because the publishing industry was struggling and their own sales were down.
The publisher had already taken a variety of steps to cut pension costs, including freezing the plan in 2005. Executives considered declaring bankruptcy and selling asset to fund the pension, but that would have put almost 200 people out of work, and the loss of its publishing business would hurt the church, the letter said.
Instead, the company decided to terminate the pension plan and distribute the assets. If it had remained unchanged, the plan would run out of money in about five years, the publisher said.
Terminating the plan enabled the publisher to spread the remaining assets more equitably, providing larger payouts to long-time employees; if they didn't do this, then many employees who haven't yet retired would receive nothing, said Ms. Lewis.
The publisher had asked the church for help, but "the church-wide organization advised us that it had no obligations or fiduciary duties" to do so, Ms. Lewis noted.
"I'm disappointed that the church hasn't felt more responsibility for this," said Mr. Lipscomb. "If the basis for a church plan is the company's relationship to the church, is it reasonable that the church can feel no responsibility for what its publisher is doing?"
Augsburg Fortress is a separately incorporated unit under the ELCA church wide organization. "The church-wide organization had no role in the creation, management or termination of that plan. That was Augsburg Fortress and its Board of Trustees decision," said John Brooks, a spokesman for the Evangelical Lutheran Church of America.
The suit alleges that the pension at Augsburg Fortress wasn't a church plan, but falls under the federal pension law because it promised pensions to its employees. The complaint claims that the employe
Question #15:
What do you think of Amazon suing the state of North Carolina over customer data?? (taxing online purchases...?
Click HereLast year, North Carolina passed a law that required out-of-sate retailers to collect sales tax in the state if they have marketing affiliates within the state. Amazon responded by ending its affiliate program in North Carolina and currently doesn't collect sales tax in the state.
Amazon contends in the suit that it routinely provides the Revenue Department with "voluminous information" about its sales to North Carolina as part of routine audits of the company's compliance with sales and use tax laws. The information includes the date and total price of each transaction, the city, county and ZIP code to which each item was shipped and Amazon’s standard product code for each item, which allows officials to see the description of every product purchased.
In March, however, the Revenue Department threatened to hold a civil contempt hearing for Amazon if the company doesn't also turn over the names and addresses of anybody in North Carolina who has purchased goods off its website since August 2003, according to the suit. The company said that amounts to nearly 50 million purchases.
"If Amazon is forced to comply with this demand, the disclosure will invade the privacy and violate the First Amendment rights of Amazon and its customers on a massive scale," the suit states. "The (Revenue Department) does not need personally identifiable information
about Amazon’s customers in order to audit Amazon’s compliance with state tax laws. All it needs to know is what items Amazon sold to North Carolina customers and what they paid, and Amazon has already provided that information."
Question #16:
Is this a profitable online business idea?
I want to make six or more figures a year. I have thought about starting an ecommerce online business selling either wholesale office chairs or teen clothing. I am not sure if this idea could be profitable, but this idea is not my main concern.So the idea I really think has potential is a cool one. The online business idea is a website where visitors can become members for free. Members can submit original songs and other members can listen, rate, comment, share songs with other members, and chat with members. I would make money from ad revenue which could be a lot if I get some visitors. The other way I could make money is to charge a small fee for putting someones song(s) on a featured list on the site. They would have their song posted on the list for a set time, and I charge a small fee. I really like this idea, but it would cost a lot to create the site with a web design firm (since I have no HTML knowledge). I am wondering if I should create this site. Do you think it could be profitable? Do you think I could make six or more figures a year with this online business idea?
If not, should I try....
ecommerce (what should I sell that is profitable though?)
content sites (making money from ads and affiliate marketing?)
Which online business idea do you think would be the most profitable? Do you think any of these online business ideas could make me six or more figures a year?
Question #17:
Can a site monetize heavily on affiliates can make it as an internet startup company?
I have a site that make me over 15k a month in revenue sololy on an affiliate program. I am wondering if the site could become a so-called internet startup like one of those in silicon valley?i am the solo owner and i only outsource jobs on Elance so i have no employee.
Can a site like this make it in Silicon Valley?
how come there's sites that make virtually no money, huge burn rate on VC money and gotten rich like crazy?
Question #18:
Online business ideas?
I want to start an online business that could make me six or more figures a year. I would also like to enjoy the benifits from working at home instead of my long hours at the firm. However, I am clueless on which online business model I should use to make six or more figures a year. The models I would prefer to work with are....1. Ecommerce model where I sell something. What should I sell though?
2. Website with lots of content that has ad revenue and affiliate products revenue bringing me cash.
3. A user interactive websites such as auction sites, or social network sites. My ideas are a website where users can submit original songs and other users can listen comment rate and share with friends. Another idea is a website where users can sell trade and buy giftcards. I would make money from these sites through ad revenue.
So which online business model do you think is best? Could any of these online business ideas make me six or more figures a year? If you say I should do ecommerce, what product (no info products) should I sell that are profitable? Thank you!
Question #19:
What is your opinion 10 illegal aliens in S.C. admit to bilking IRS out of $13 million?
Ten people illegally in the United States pleaded guilty for their involvement in a four-year, $13 million fraud against the Internal Revenue Service, acting U.S. Attorney Kevin F. McDonald said Thursday.Nine defendants pleaded guilty to conspiracy to commit mail fraud and for entering the United States without authorization, Assistant U.S. Attorney David C. Stephens told The Greenville News .
The 10th defendant pleaded guilty to mail fraud and illegal entry, Stephens said. Senior U.S. District Judge G. Ross Anderson Jr. accepted the pleas and will sentence the defendants later.
“This is the largest tax fraud case that I’m aware of ever occurring in the district of South Carolina,” Stephens said. “This is an extraordinarily serious, large case.”
McDonald said that between 2006 and November 2009, two tax preparation businesses, Seguros Internacionales, operating in Spartanburg and Forest City, N.C., and Poz Servicios Para Hispanos, operating in Boiling Springs, along with affiliated individuals filed more than 10,000 federal income tax returns claiming more than $22 million in refunds.
The IRS paid approximately $13 million in refunds before criminal investigators discovered most of the returns filed were fraudulent, McDonald said.
Seguros Internacionales and Poz Servicios Para Hispanos have been shut down, he said.
Agents estimate at least 20 people were involved in operating the scheme in which tax preparers knowingly claimed tax credits or deductions to which filers weren’t entitled, McDonald said.
One tax credit improperly claimed on a majority of the false returns was for child care expenses, prosecutors said. The credit can result in a refund even if no taxes were paid, prosecutors said.
Of the 10 people pleading guilty Thursday, nine were “runners” who solicited others to have their returns falsely prepared and then assisted them in getting their refund checks cashed, Stephens said.
McDonald identified them as Edgar Carrillo-Borjas, Miguel Angel Carrillo-Borjas, David Hernandez-Juarez, Ariana Canseco-Orozco, Maribel Juan-Orozco, Cristina Sanchez-Perez, Juan Carlos Carrillo-Roy, Carlos Carrillo-Rodriguez, all of Mexico, and Luis Gerardo Mora-Vargas, of Costa Rica.
(2 of 2)
The 10th person, Omar Maldonado-Cardenas, of Mexico, had an active role running the day-to-day operations at Seguros Internacionales for two years, McDonald said.
He said two other people in the case pleaded guilty in federal court earlier this year to obstruction of justice.
Juan Manuel Galban Ortega and Rodolfo Magana Escoto, both of Mexico, admitted burning documents and records associated with Seguros Internacionales, according to McDonald and federal court records.
On Nov. 17, approximately 100 law enforcement agents served search warrants and conducted interviews at various locations throughout the Upstate in connection with the investigation, McDonald said.
According to prosecutors, the 12 people who were convicted remain in federal custody and are awaiting sentencing. They face maximum penalties ranging from five to 20 years. All will be deported after completing their sentences, prosecutors said.
In connection with the case, five more people were arrested this week and charged with conspiring to defraud the United States, according prosecutors and court records.
Those arrested included Yolanda Poz of Boiling Springs, Lisa Mendoza of Spartanburg, Teresa Bravo of Pacolet, and Ashley Moore of Forest City, according to McDonald and court records. A fifth person was arrested Thursday, Stephens said.
None could be reached for comment.
The investigation is ongoing, and more charges are likely, McDonald said.
He said the case is being investigated by agents from the IRS, the United States Postal Inspection Service, and U.S. Immigration and Customs Enforcement.
Click Here
Question #20:
Can we afford to keep allowing illegal aliens to commit tax fraud,13 million dollars worth?
How many other illegals do you believe are committing tax fraud and getting back returns from IRS they do not deserve?Is this a good reason that e-verify should be used in tax preparation?
So you believe illegals have paid this much in taxes to get a return?
Is this why our government has no money for services that Americans need, such as education for our children etc...?
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10 illegal aliens in S.C. admit to bilking IRS out of $13 million
By David Dykes • Staff writer • April 2, 2010
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Ten people illegally in the United States pleaded guilty for their involvement in a four-year, $13 million fraud against the Internal Revenue Service, acting U.S. Attorney Kevin F. McDonald said Thursday.
Nine defendants pleaded guilty to conspiracy to commit mail fraud and for entering the United States without authorization, Assistant U.S. Attorney David C. Stephens told The Greenville News .
The 10th defendant pleaded guilty to mail fraud and illegal entry, Stephens said. Senior U.S. District Judge G. Ross Anderson Jr. accepted the pleas and will sentence the defendants later.
“This is the largest tax fraud case that I’m aware of ever occurring in the district of South Carolina,” Stephens said. “This is an extraordinarily serious, large case.”
McDonald said that between 2006 and November 2009, two tax preparation businesses, Seguros Internacionales, operating in Spartanburg and Forest City, N.C., and Poz Servicios Para Hispanos, operating in Boiling Springs, along with affiliated individuals filed more than 10,000 federal income tax returns claiming more than $22 million in refunds.
The IRS paid approximately $13 million in refunds before criminal investigators discovered most of the returns filed were fraudulent, McDonald said.
Seguros Internacionales and Poz Servicios Para Hispanos have been shut down, he said.
Agents estimate at least 20 people were involved in operating the scheme in which tax preparers knowingly claimed tax credits or deductions to which filers weren’t entitled, McDonald said.
One tax credit improperly claimed on a majority of the false returns was for child care expenses, prosecutors said. The credit can result in a refund even if no taxes were paid, prosecutors said.
Of the 10 people pleading guilty Thursday, nine were “runners” who solicited others to have their returns falsely prepared and then assisted them in getting their refund checks cashed, Stephens said.
McDonald identified them as Edgar Carrillo-Borjas, Miguel Angel Carrillo-Borjas, David Hernandez-Juarez, Ariana Canseco-Orozco, Maribel Juan-Orozco, Cristina Sanchez-Perez, Juan Carlos Carrillo-Roy, Carlos Carrillo-Rodriguez, all of Mexico, and Luis Gerardo Mora-Vargas, of Costa Rica.
The 10th person, Omar Maldonado-Cardenas, of Mexico, had an active role running the day-to-day operations at Seguros Internacionales for two years, McDonald said.
He said two other people in the case pleaded guilty in federal court earlier this year to obstruction of justice.
Juan Manuel Galban Ortega and Rodolfo Magana Escoto, both of Mexico, admitted burning documents and records associated with Seguros Internacionales, according to McDonald and federal court records.
On Nov. 17, approximately 100 law enforcement agents served search warrants and conducted interviews at various locations throughout the Upstate in connection with the investigation, McDonald said.
According to prosecutors, the 12 people who were convicted remain in federal custody and are awaiting sentencing. They face maximum penalties ranging from five to 20 years. All will be deported after completing their sentences, prosecutors said.
In connection with the case, five more people were arrested this week and charged with conspiring to defraud the United States, according prosecutors and court records.
Those arrested included Yolanda Poz of Boiling Springs, Lisa Mendoza of Spartanburg, Teresa Bravo of Pacolet, and Ashley Moore of Forest City, according to McDonald and court records. A fifth person was arrested Thursday, Stephens said.
None could be reached for comment.
The investigation is ongoing, and more charges are likely, McDonald said.
He said the case is being investigated by agents from the IRS, the United States Postal Inspection Service, and U.S. Immigration and Customs Enforcement.
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