February 28, 2025 - 03:17
A Tallahassee-based real estate professional was sentenced to 14 months in prison after failing to file income tax returns, federal prosecutors say. The individual was found guilty of deliberately neglecting their tax obligations over several years, which resulted in significant losses to the federal government.
During the court proceedings, it was revealed that the agent had earned substantial income from real estate transactions but chose not to report this income to the Internal Revenue Service (IRS). Prosecutors emphasized the importance of tax compliance and the consequences of willfully ignoring tax responsibilities.
In addition to the prison sentence, the court also ordered the agent to pay restitution to cover the unpaid taxes. This case serves as a stark reminder of the legal obligations that come with self-employment and the serious repercussions that can arise from tax evasion. The IRS continues to prioritize the enforcement of tax laws to ensure fairness and accountability in the financial system.
August 2, 2025 - 21:09
State Street's Departure May Leave Fort Point Building EmptyIn a significant shift, State Street Corporation`s decision to vacate its 11-story building in Fort Point could result in the property being left unoccupied. This move comes approximately four...
August 2, 2025 - 03:02
Major Loss for Anaheim's Axis Office Campus as It Changes HandsThe five-building portfolio located across from Angel Stadium on Rampart Street has recently been sold, marking a significant financial setback for the previous owners. Originally acquired in 2018...
August 1, 2025 - 00:33
KMS Realty Joins Forces with United Real Estate SpecialistsThe addition of KMS Realty significantly enhances United Real Estate Specialists` presence in the region and broadens the range of services available to clients. This strategic merger is expected...
July 31, 2025 - 01:09
Successful Ground Lease Sale of Wawa in Jackson Township, NJA newly constructed Wawa in Jackson Township, New Jersey, has successfully completed a ground lease sale valued at $7.5 million. This transaction features a 20-year corporate-guaranteed lease,...