Whistle blowers are among the favorite heroes loved by the IRS. In fact, the IRS loves them so much that it has a program that may award a whistle blower up to 30% of the evaded tax or penalty it collects. While this should not be a problem to anyone that pays their taxes dutifully,… Read more »
If you’re having tax problems
Category: tax crime
The IRS examination An IRS examination is a standard procedure, and unless you actually have something to hide the process should not worry you one bit. However, there is the possibility that your tax audit may transform from a civil tax examination to a criminal tax case such as tax evasion. If this happens… Read more »
But what exactly is tax evasion? As defined within the 26 United States Code section 7201 by the Internal Revenue Code, failure to report taxes accurately, failure to report taxes and failure to pay taxes are all forms of tax evasion. In order to establish a case of tax evasion against you the government… Read more »
But what exactly is tax evasion? As defined within the 26 United States Code section 7201 by the Internal Revenue Code, failure to report taxes accurately, failure to report taxes and failure to pay taxes are all forms of tax evasion. In order to establish a case of tax evasion against you the government is… Read more »
What is the Difference Between Negligence and Tax Fraud? The American taxpayer’s fear of the IRS is very similar to our fear of the dentist: irrational and rooted in nothing more than making mountains out of molehills. (most of the time). What do I mean by this? Well think about it. Think back to the… Read more »
IRS Criminal Investigation Division In our day-to-day lives, one usually has to try to find himself (or herself) on the wrong side of Law Enforcement. That is of course, not counting basic traffic infringements (which are hardly considered criminal). But in all other respects, it is mostly pretty easy to go about our day and… Read more »
What Is The Difference Between Tax Evasion and Tax Avoidance? Usually, the payment of taxes is a lackluster affair, as nobody ever enjoys fulfilling this constitutional obligation. Nonetheless, since it is an essential source of any country’s revenue, failure to pay taxes usually has severe implications, most of which are significantly adverse.
Filing a False Tax Return Filing a tax return with deliberate falsification carries stiff IRS penalties. The tax agency does not take kindly or lightly to fraud; therefore, if you are accused of filing false tax returns, take your situation seriously. The long-term and short-term ramifications of falsifying income tax returns could be severe.
Good News! Cheating On Your Tax Returns Is Very Common So you finally cheated on your tax returns and you are now confused? Well, the good news is, you are not the only one. In fact, cheating on tax returns is very common. There are millions of people who get away with it while a… Read more »