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Tax Crimes Archives

Underreporting business income can lead to prison time

Fraudulent business tax returns can come with prison time. That is the message the Internal Revenue Service (IRS) is trying to send with two recent cases. The federal agency recently sentenced three different individuals to imprisonment for errors on their corporate tax returns.

Lawmakers move forward proposal to rein in IRS seizures

The United States House of Representatives recently voted to approve a proposal that would make it more difficult for the Internal Revenue Service (IRS) to seize assets in structuring cases. The law is designed to revise the authority of the IRS to seize property “that has been structured to avoid Bank Secrecy Act (BSA) reporting requirements.”

Subtle but important differences between avoidance and evasion

Accusations of tax evasion are very serious. Not only do they come with the social stigma associated with the word "evasion," wherein others may think you were attempting to game the system to get out of paying your fair share, but they also could result in serious criminal penalties like:

IRS collaborates with Dutch government over tax info

Government agencies around the globe are working together to find individuals that are hiding assets in an attempt to illegally reduce their tax obligations. A Justice Department statement recently provided an example of these collaborative efforts. It outlined how the Internal Revenue Service (IRS) is pushing a popular credit card company to provide the identity of account holders to the Dutch government.

Payroll tax noncompliance: Is more criminal enforcement coming?

Falling behind or running into other trouble with keeping track of employment taxes and paying them over to the government is a problem for many employers. A new report from the watchdog agency for the IRS contains detailed information about the scope of the problem. In this post, we will use a Q & A format to update you on that report.

Criminal charges for return preparer fraud

A tax return preparer is any individual who accepts payment for preparing "all or a substantial portion of a tax return or claim for refund under ... the Internal Revenue Code." Making a little more income over tax season by preparing returns for family and friends could put you into the category.

Giving when it hurts: fake charities and tax fraud

"It is better to give than to receive," the old saying goes. Philosophers such as Peter Singer are exploring the deeper aspects of this statement, probing the sense in which giving is a key act of moral agency.There are, however, also plenty of fraudsters and scammers who take advantage of people's desire to give by inducing gifts to bogus charities. It's such a common problem that last month the IRS included fake charities on its annual "Dirty Dozen" list of tax scams.

IRS Criminal Investigation report shows aggressive prosecution

We regularly represent taxpayers, businesses and tax preparers in Texas and beyond facing potential tax-related criminal investigation or charges by the IRS Criminal Investigation division. This week, the IRS announced in a news release that it had released its fiscal year 2016 annual report of Criminal Investigation activities.

3 FAQs about the Abusive Return Preparer initiative

The Internal Revenue Service (IRS) is cracking down on fraudulent tax preparer services. The federal agency initiated 252 investigations in 2016 alone, searching out any individual or business that it believes was conducting fraudulent practices while preparing taxes. 72.8 percent of these investigations resulted in incarceration.

Texas banks help IRS fight money laundering and tax evasion

A conviction for criminal tax evasion carries serious penalties, including a stint in federal prison, hefty fines and the costs of government prosecution. Then there is the negative impact on business or individual reputation and the limitations that a criminal record can impose on future opportunity.

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