On behalf of Goldburd McCone LLP | Sep 23, 2020 | Criminal Tax Issues
Tax return professionals are subject to penalties if they do not follow tax laws. The Internal Revenue Service (IRS) and state tax agencies may pursue criminal charges against a tax return preparer if they believe the professional has failed to do their job properly....
On behalf of Goldburd McCone LLP | Aug 20, 2020 | Criminal Tax Issues
There are many situations that can result in allegations of tax evasion. In a recent example, the government accused a vice president of a construction company of evading tax obligations on funds received at work. The case began when the New York State Police and...
On behalf of Goldburd McCone LLP | Jul 24, 2020 | Criminal Tax Issues
According to recent data, the Internal Revenue Service (IRS) investigated 3,395 cases for tax crimes in 2016, 2,019 in 2017 and 2,886 in 2018. Based on these numbers, it may appear that the agency is moving away from criminal tax enforcement. To believe this is a new...
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...
