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 | 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...
On behalf of Goldburd McCone LLP | Nov 6, 2018 | Criminal Tax Issues
Even fame will not protect individuals when the government moves forward with prosecution for tax crimes. The Internal Revenue Service (IRS) recently accused Michael “The Situation” Sorrentino of tax evasion. Ultimately, the former reality star, of “Jersey Shore”...
On behalf of Goldburd McCone LLP | Oct 18, 2018 | Criminal Tax Issues
Taxation of online transactions is notoriously difficult. What does it take for a state to claim enough interaction to require a tax obligation? This question has led to many legal battles, the most recent of which made it to the highest court in the country. The...
On behalf of Goldburd McCone LLP | Oct 1, 2018 | Criminal Tax Issues
The Internal Revenue Service (IRS) continues its efforts to crackdown on tax evasion. The latest focus involves increased communication with state agencies. Is this new? No. The IRS already collaborates with state and local agencies to help better ensure taxpayers are...
On behalf of Goldburd McCone LLP | Jun 27, 2018 | Criminal Tax Issues
A failure to file tax returns with the Internal Revenue Service (IRS) does not always lead to criminal charges, but when it does the IRS is a fierce adversary. The agency can interrupt or even shut down a business to conduct an investigation. The IRS can take...
On behalf of Goldburd McCone LLP | Mar 20, 2018 | Criminal Tax Issues
According to the Statistic Brain Research Institute, 1.6 million people cheat on their tax returns every year, resulting in $270 billion in lost revenue to the IRS. While you are allowed to use tax planning strategies to reduce your tax burden, outright dishonesty...
On behalf of Goldburd McCone LLP | Oct 26, 2017 | Criminal Tax Issues
Significant social conversation centers on the notion that business owners are obligated to pay their fair share in taxes. As a business owner, you do your diligence in complying by hiring tax professionals who have more specialized knowledge of the state and federal...
On behalf of Goldburd McCone LLP | Jun 8, 2017 | Criminal Tax Issues
IRS Criminal Investigation (IRS-CI) recently released its annual report. This report contains substantial information regarding the types of cases it investigates and the number of cases it recommends for prosecution. Anyone reviewing this report will have a greater...
