(Editor's Note: Following his arraignment in Boston Muncipal Court on Friday, Dec. 9, Daniel Adams was subsequently indicted by a Suffolk County Grand Jury on Monday, Dec. 12, and arraigned on Tuesday, Dec. 13 in Suffolk Superior Court. The Attorney General's office issued a press release after the indictment which describes the alleged fraud in more detail. Bail remains at $100,000 cash.)
Attorney General Martha Coakley today announced the arraignment of movie director Daniel Adams on charges of defrauding the Commonwealth's film tax credit program of $4.7 million.
The AG said that "today's action is an important step to ensure that the film tax credit is awarded appropriately while encouraging legitimate productions to be filmed here in Massachusetts. We want to thank the Department of Revenue for discovering this alleged fraud and working cooperatively with our office to investigate further."
The release recognized DOR investigators Janel Cosgrove and Tom Nowicki for their work on the case.
The investigation began in March 2010 when an investigator at DOR spotted suspicious tax returns connected to the "The Lightkeepers'" film. "Concerned that these returns might be fraudulent documents the DOR began an investigation and then referred the findings to the AG's Fraud and Financial Crimes Division," the AG's release said.
The alleged fraud centered on inflated payroll and production expenses for two films. Inflating the value of those increases the value of the film tax credit, which is equal to 25 percent of production costs. The AG alleges that Adams fraudulently claimed $4.7 million in film tax credits.
DOR recently released its 2011 film tax credit report. To date, 556 film productions have received $276.1 million in tax credits while spending more than $1.13 billion in Massachusetts
MA Filing Extension to April 18th Announced posted on Apr 15
The Department of Revenue’s WebFile tool, which allows individuals to electronically file state personal income tax returns, has experienced delays due to heavy volume over the past few days. DOR is actively working to resolve this issue, and has extended the deadline for taxpayers to …Continue Reading MA Filing Extension to April 18th Announced
WARNING: Tax Lien Notices NOT issued by DOR Making the Rounds posted on Mar 13
Here’s another unfortunate addition to the list of financial things to protect yourself from. DOR has learned that letters of questionable origin are being sent to taxpayers with outstanding tax liens. Although these notices show amounts from actual tax liens, they are not from the Massachusetts …Continue Reading WARNING: Tax Lien Notices NOT issued by DOR Making the Rounds
Don’t Let a Hacker Steal YOUR Refund posted on Mar 11
There are some rabbit holes you definitely don’t want to fall down during tax season. One such hole, and an increasingly-common nightmarish scenario, is finding out your tax refund has been stolen. In a recent article, Allison Martin of Money Talk News was the bearer …Continue Reading Don’t Let a Hacker Steal YOUR Refund