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Tax Cheat Rap Sheet:
Week ending May 25, 2007

May 25, 2007

Criminal_5
What do a California businessman, a Michigan gambler and a former museum administrator in Massachusetts have in common?

They make this week’s list of folks facing tax troubles.

Let’s go West to East, meaning we start with Robert Gene Cable of La Crescenta, Calif. The 75-year-old former owner of Enmark Aerospace in Valencia pleaded guilty this week in federal court to conspiracy to "impede, impair,
obstruct and defeat the lawful functions of the Internal Revenue
Service."

Moving on the Michigan, we find a gambler whose luck ran out when he, according to federal charges, filed false reports to avoid paying his full tax bill on more than $3 million in casino winnings. Christopher Aaron, 47, of Ortonville, Mich., could face up to five years in prison if convicted.

And in Osterville, Mass., we find John S. Carter, 57, who was charged with tax evasion and
defrauding the maritime museum where he previously served as president out of more than $1.5 million. Carter served 17 years as head of the Independence Seaport Museum. Federal officials allege that between 1997 and 2006, he used the museum as his "personal piggy
bank" to buy boats, artwork, jewelry, electronics, upscale clothing
and high-end housewares.

And with that, it’s time to sail off into the weekend.

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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