The Internal Revenue Service (IRS) and local state taxing authorities can claim many high-profile cases. These federal and state agencies will go after taxpayers who have not met their obligations, ranging from the regular guy next door to mega-stars. Tax crime...
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Criminal Tax Issues
Tax return professionals and errors: Can I go to prison?
The federal government expects those who hold themselves out as professionals to act as such. When it comes to tax return professionals, this can mean that the feds will aggressively pursue allegations of poor filing practices. This can quickly escalate into...
Tax return professionals: What are the penalties for tax fraud?
The Internal Revenue Service (IRS) expects those who take on tax professions to know and abide by the Tax Code. A failure to do so can result in various allegations of civil and criminal wrongdoing, including fraud. Does the government really go after tax return...
What happens when authorities accuse a tax prep professional of fraud?
Those who prepare tax returns on the behalf of others need to know a lot about the law. They need to stay current on changes at the federal, state, and local levels and make sure the filings are in line with the government’s expectations. A failure to do so can result...
Business owner gets year in prison for failure to withhold payroll taxes
Small business owners need to come up with a business plan, stay up to date on the workings of competitors, make sure their employees meet expectations, and make sure the business turns a profit. As if this was not enough, they also need to navigate various state and...
IRS and New York officials work together to ramp up crypto tax collection efforts
The Internal Revenue Service (IRS) recently announced that it received court approval to gather US taxpayer records from M.Y. Safra Bank. M.Y. Safra is headquartered in New York and focuses on provision of private banking services. The court order focuses on gathering...
New York authorities shut down tax return business
The Internal Revenue Service (IRS) continues to crack down on return preparer fraud. It has listed this tax crime as one of its Dirty Dozen tax schemes — meaning it will focus resources towards investigating allegations of this crime. What is tax return preparer...
Feds send tax professionals to prison for EIDL program fraud
The federal government has come down hard on tax preparation professionals who allegedly misused the Economic Injury Disaster Loan (EIDL) program. In its most recent example, the government was able to build a strong case against four professionals — resulting in an...
IRS continues crackdown on tax preparer fraud, uses NY business as an example
The Internal Revenue Service (IRS) is continuing its crackdown on tax return preparer fraud. The IRS has had this crime on their list of the dirty dozen for years, representing it as one of the worst tax crimes in our country. Their efforts have proven successful. In...
What happens when the IRS accuses a business owner of tax fraud?
The Internal Revenue Service (IRS) has a reputation for aggressive pursuit of those it believes commit tax fraud — but what does this mean? In a recent example, the feds came after a New York family who owned a coffee and donut business. They claim the family worked...