On behalf of Goldburd McCone LLP | May 28, 2020 | Criminal Tax Issues, Tax Collection
Government agencies are making announcements about incentives to help people as we navigate the COVID-19 crisis. The Internal Revenue Service (IRS) recently unveiled its effort to help taxpayers, called the People First Initiative. What is the People First Initiative?...
On behalf of Goldburd McCone LLP | Apr 9, 2020 | Criminal Tax Issues
The Internal Revenue Service (IRS) generally looks for more than a failure to file tax returns when building a criminal tax evasion case. In most cases, these allegations require the prosecution establish intentional steps taken to avoid one’s tax obligations. Some...
On behalf of Goldburd McCone LLP | Dec 11, 2019 | Criminal Tax Issues
Attorney General Letitia James (AG) recently accused famous New York camera shop, B&H, of failing to pay its fair share in taxes. The local camera specialty shop is fighting back, stating the AG is unfairly targeting their store. What was the basis for the tax...
On behalf of Goldburd McCone LLP | Nov 25, 2019 | Criminal Tax Issues, Tax Audits
A federal tax audit can involve a thorough review of one’s tax filings. The exact period of time the Internal Revenue Service (IRS) can “look back” through tax records is generally three years. But, like everything with taxes, the answer is not always as clear as we...
On behalf of Goldburd McCone LLP | Oct 9, 2019 | Criminal Tax Issues
The Department of Justice (DOJ) has continued its crackdown on tax crimes. The agency will review allegations of wrongdoing wherever they may lead—even to Hollywood. In the most recent example, the DOJ recently charged Todd and Julie Chrisley with tax-related...
On behalf of Goldburd McCone LLP | Aug 11, 2019 | Criminal Tax Issues
President Donald Trump recently signed into law the Taxpayer First Act. This law results in “an overhaul” of the Internal Revenue Service (IRS). One change that will affect small business owners: the RESPECT Act. What is the RESPECT Act? This portion of the Taxpayer...
On behalf of Goldburd McCone LLP | Aug 9, 2019 | Criminal Tax Issues
The Internal Revenue Service (IRS) is notorious for showing up whenever money changes hands — selling your business? Do not forget to pay a portion to Uncle Sam. Are you getting divorced? If you do not follow the rules, the IRS could take a cut of your assets. Are you...
On behalf of Goldburd McCone LLP | Aug 8, 2019 | Criminal Tax Issues, International Tax Law, Tax Audits, Tax Collection
Governments are struggling with how to manage virtual currency. The Internal Revenue Service (IRS) and Department of Treasury continue to struggle to find the right way to handle this asset and have taken different stances. Digital currency has similarities to other...
On behalf of Goldburd McCone LLP | May 10, 2019 | Criminal Tax Issues, Firm News
New York officials recently released information on the arrest of eight individuals charged with tax crimes. The charges include filing fraudulent tax returns and failing to pay personal income taxes. The accused face financial penalties as well as potential prison...
On behalf of Goldburd McCone LLP | Nov 27, 2018 | Criminal Tax Issues
Worried about accusations of tax fraud from the Internal Revenue Service (IRS)? The term “statute of limitations” may come to mind. Does the IRS have to play by the same rules as other government agencies? Is there a time limit when it comes to looking back at tax...
