Archive for the ‘Criminal Tax Problems’ Category
How to Avoid Conviction of Tax Fraud
Friday, April 2nd, 2010
The Criminal Investigation Division (CID) of the IRS is charged with investigating offenses under the revenue laws and related offenses. These include a wide variety of tax and nontax crimes. Most prominent of the crimes that CID investigates under the Internal Revenue Code are tax evasion, failure to file, false statements, and forcible interference with [...]
What? You Have Unreported Income?!
Friday, April 2nd, 2010
Check it out. The IRS efforts to nab unreported income represents the largest component of tax avoidance and tax fraud. Look out, because now the IRS has developed a new tool for identifying returns with a high probability of unreported income. If you hang around these tax lawyer blogs long enough you’ll probably hear of [...]
Are Off-Shore Credit Cards Legal Under IRS Law?
Friday, April 2nd, 2010
Well, yes. It is not illegal to have an offshore credit card. However, there is a good chance that some people are using offshore credit cards to avoid paying income taxes. After all, credit cards allow easy access to offshore funds and accounts in so-called tax-havens (Caymans, anyone?). These allow income to be hidden. U.S. [...]
Who the IRS is Really After
Friday, April 2nd, 2010
The IRS is re-weaving its audit net. Now it is beginning to focus on some key areas where it suspects it will find noncompliance with tax requirements. After years of research and meetings the new focus will be on areas of high-risk of noncompliance. In a kind of a just systematic approach the IRS will [...]
What Happens If You Don’t File
Wednesday, April 15th, 2009
What If You Don’t File Your Tax Return?
One thing is for sure with the IRS, your non-filing will eventually float to the surface and you’ll be found out. What happens if you don’t file? Tell the truth, most people–and rightly so–are too frightened to find out. Warning: Never mess around with the [...]
How CID Investigates a Case
Tuesday, April 7th, 2009
How CID (Criminal Investigation Division) Investigates a Case
When a case is opened, it is assigned to IRS special agents from the Criminal Investigation Division (CID) of the IRS. Usually, there is a joint investigation, utilizing revenue agents (auditors) who might already be familiar with the case as well as CID. Joint investigations usually arise from [...]
Non-Filing and Tax Crimes
Sunday, April 5th, 2009
Non-filing and Tax Crimes
Very few people are put in jail for not filing a tax return, but it can happen. A willful failure to file a tax return is a misdemeanor if you owe taxes. You can be sentenced for up to a year in [...]
Criminal Investigations
Sunday, April 5th, 2009
HOW TO AVOID AN IRS CRIMINAL INVESTIGATION
The Criminal Investigation Division (CID) of the IRS is charged with investigating offenses under the revenue laws and related offenses. These include a wide variety of tax and nontax crimes. Most prominent of the crimes [...]