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Clark mansion’s future hinges on IRS resolving owed taxes

By   /  Friday, October 30th, 2015  /  Columns, Real Estate, Top Stories  /  Comments Off on Clark mansion’s future hinges on IRS resolving owed taxes

  Hugette Clark’s generosity cost her. Clark was the daughter of the copper mogul William Andrews Clark, who earned his fortune through mining, railroads and banking. The heiress died in 2011 at 104 years old. Clark gave millions of her inherited wealth to her friends but she gave so much so fast that her attorneys Read More →

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Warner pleads guilty to tax evasion, faces $53M penalty

By   /  Wednesday, September 18th, 2013  /  Latest news, Law  /  Comments Off on Warner pleads guilty to tax evasion, faces $53M penalty

Ty Warner, the Chicago billionaire and part-time Santa Barbara resident who owns the Four Seasons Biltmore, has been charged with federal tax evasion and plans to pay a $53 million penalty. Warner, the mind behind the wildly successful Beanie Baby toys, was charged with allegedly failing to report income he earned in a secret offshore Read More →

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Editorial: Geithner gets our vote for worst Treasury secretary

By   /  Friday, May 17th, 2013  /  Editorials, Opinion  /  1 Comment

In the firestorm that’s erupted over the targeting of tea party-affiliated nonprofits by the Internal Revenue Service, it has gone largely unnoticed that the IRS is actually part of the U.S. Treasury.

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Santa Barbara CPA convicted on tax charges

By   /  Friday, October 26th, 2012  /  Latest news  /  Comments Off on Santa Barbara CPA convicted on tax charges

Santa Barbara accountant Steve Pybrum faces up to 12 years in prison and $1 million in fines after a jury returned a guilty verdict on federal charges that he routed money from his practice through a nonprofit and underreported his income by more than $1 million. The jury deliberated less than three hours before returning Read More →

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Criminal trial ahead for Santa Barbara CPA

By   /  Friday, October 19th, 2012  /  Banking & Finance, Law, Personal Finance, Top Stories  /  Comments Off on Criminal trial ahead for Santa Barbara CPA

In a criminal case headed for trial this month, the U.S. Justice Department alleges that Steve Pybrum, a Santa Barbara CPA who appeared on national media networks in the late 1990s, illegally routed revenue through a nonprofit and then falsified his personal income tax returns. Pybrum is set to go on trial Oct. 23 in Read More →

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Op/ed: IRS audits for the ultra-wealthy — How to minimize the chances

By   /  Friday, July 13th, 2012  /  Op/Eds, Opinion  /  Comments Off on Op/ed: IRS audits for the ultra-wealthy — How to minimize the chances

The Internal Revenue Service has ramped up its efforts in recent years by expanding its audits of the wealthiest individuals.

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