The IRS can assess several different types of penalties for tax fraud, including the following: Civil tax fraud penalty Fraudulent failure to file penalty Criminal penalty for filing a fraudulent return Criminal tax evasion Willful failure to pay estimated taxes Trust fund recovery penalty Penalty for willful failure to file Foreign Bank Account Reports (FBARs)… Read more »
Methods of Proof of Tax Fraud When the IRS decides to pursue a criminal tax investigation into a taxpayer, it is typically because they believe said taxpayer has committed some sort of tax fraud. Usually that is underreporting of income, overstating their deductions, or not reporting certain income at all. In order for the IRS… 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 »
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 »
How Civil Tax Fraud Differs From Criminal Tax Fraud Like so many other financial and property crime, the taxpayer’s conduct is usually the biggest difference between civil tax fraud and criminal tax fraud. If Susan bounces a check to the grocery store, the merchant will most likely forget the matter if Susan makes restitution, including… Read more »
Tips for defending against IRS Tax Fraud investigations. When it comes to committing tax fraud & IRS tax crimes, penalties are no joke. The IRS can leave you with nothing, and even throw you in jail. Here’s some advice from our Michigan Tax lawyer, Venar R. Ayar on how to protect yourself from IRS… Read more »
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