Elderly Florida Woman Hit with $20 Million Tax Judgment

Posted on Feb 04, 2013

Do you want proof the IRS will go after little old ladies as aggressively as other purported tax cheats? Witness the case of 79-year-old Mary Estelle Curran, a Palm Beach socialite who recently was hit with a back tax bill of over $20 million.

According to USA Today, between 2001 and 2007, Curran neglected to tell the IRS she had stashed more than $40 million of her fortune in overseas bank accounts in Switzerland and Liechtenstein. She also recently admitted to filing two years’ worth of falsified tax returns, in a misguided attempt to save as much of her substantial nest egg as possible.

When Curran is sentenced on March 29, she faces as much as six years in a minimum-security prison, though USA Today speculates that her sentence probably will be reduced to around two and a half years. Curran has some points against her and some points in her favor, as this excerpt from the article illustrates:

“The guilty plea and prospect of prison time come in sharp contrast with Curran’s life in a five-bedroom, six-bathroom Palm Beach family home, which Realtor.com estimates is worth more than $3 million... Additionally, a 2011 report in the Palm Beach Daily News shows Curran has given years of support and service to Opportunity Inc. Early Childhood Center, which provides education to children of needy families. She also has been a supporter of the Rehabilitation Center for Children and Adults, a 2010 Palm Beach Daily News report shows.”

Are you an Oklahoma citizen who has landed in serious trouble with the IRS? Don’t face the government alone—contact an experienced tax expert from the law firm of Travis W. Watkins, PC (800-721-7054) today!

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