To cut to the chase: no. In order for you to be charged with and found guilty of fraud, the mistake has to be “willful.” You have to have what we in the legal world calls mens rea- or a guilty mind. You need a guilty mind to prove intent. What […]
Category: Firm News
Many people are watching Julian Fellowes’ new series “The Gilded Age” on HBO. The show follows three prominent (think the social circles that included Rockefeller, Astor, and Vanderbilt) families through events of the 1880s in New York. The show is categorized as an “American historical drama” that takes place during […]
Property theft can fall under two different types of charges. One is embezzlement and the other is false pretenses. There is a difference and it can be helpful to understand what each term actually means. What embezzlement entails Most people think of embezzlement when they think of white-collar theft. Embezzlement […]
While certified public accountants (CPA) are people who have passed rigorous testing and are typically pretty keen with numbers, not all CPAs are tax specialists. What do CPAs do all day? A vast percentage of CPAs work as auditors. This means the motherlode of their work involves reviewing the financials […]
We’ve all heard the horror stories and seen the drama of an IRS-type seizure play out (think Schitt’s Creek). But in reality, there are specific assets that the IRS cannot take. You may be wondering which of those assets are yours to keep. The 5 untouchable items The IRS cannot […]
Intention, more times than not, is a “catch-all” criminal charge. Why? Because you do not have to prove someone actually DID something, only that they were going to do something, or acted with intention. So, the intent is not the actual doing of something, it is the mental preparation to […]