Tax Money Laundering
Are You Under Investigation for Tax Money Laundering?
Anytime a cash transaction of $10,000 or more takes place, the person who receives the money is required under law to report the transaction to the IRS. Some individuals attempt to skirt this requirement by conducting business in a series of smaller transactions in a brief period of time. Financial institutions may alert the government of these activities, as a pattern of smaller transactions may be an attempt to avoid the required currency transaction reports (CTRs).
If you have been conducting cash transactions in segments, you may be suspected of the crime of tax money laundering. The federal government may assume that you are, in fact, attempting to evade or defeat taxes by dealing in cash rather than through your bank account.
Whatever you do in such an instance, we strongly urge you not to talk to the IRS on your own. Lawrence Brown, a former Department of Justice Tax Division Trial Attorney, advises and represents taxpayers involved in a wide range of tax controversies and problems such as these. You may not even be aware of what the IRS wants to talk to you about or why, but attorney Brown, based on his vast experience, will most likely be able to help you pinpoint potential issues in your financial transactions that could be brought into question — and discover potential weaknesses in the government’s position.
Likewise, if you plan to conduct large transactions in cash, it is a good idea to consult with a lawyer beforehand to prevent potential accusations of tax money laundering by under-the-table attempts to avoid filing required CTRs (cash transaction reports).
For additional in-depth information on Tax Money Laundering, please visit our Criminal Tax Corner – Money Laundering Relating to Tax Offenses in Violation of Title 18 U.S.C. Section 1956
Make a Toll Free Call to Discuss Your Tax Money Laundering Charges With an Experienced Tax Controversy Attorney
Contact Brown, PC regarding potential or actual charges of tax money laundering. Clients of the law firm, which is located in the Dallas-Fort Worth area in Texas, come from all over North America and around the world. Call 888-870-0025 to schedule a consultation.