U.S. taxpayers that have failed to meet their filing and payment obligations have various options for resolving these “tax controversies” with the Internal Revenue Service (IRS). However, the specific options that are available in any particular case depend on the circumstances involved. For example, while IRS Criminal Investigation’s (IRS CI) […]
Category: Tax Crimes
The Internal Revenue Service’s Criminal Investigation division (IRS CI) recently published a report on its COVID-19 fraud enforcement efforts in connection with the third anniversary of the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Passed on March 27, 2020, the CARES Act established several COVID-19 relief […]
If you have been contacted by Special Agents from the Internal Revenue Service’s Criminal Investigation division (IRS CI), one of the first questions you need to answer is, “Why?” IRS CI investigates a broad range of both tax-related and non-tax-related offenses, and determining the specific accusations underlying an IRS CI […]
In 2022, IRS Criminal Investigation (IRS CI) identified $5.7 billion in tax fraud and $26.9 billion in other financial crimes. It executed 1,210 warrants and referred 1,837 cases to the U.S. Department of Justice (DOJ) for prosecution. These referrals resulted in a conviction rate of 90.6 percent. These statistics are […]
Facing scrutiny from IRS Criminal Investigation (IRS CI) is a serious matter. As its name suggests, IRS CI is tasked with uncovering—and assisting in the prosecution of—criminal violations of the Internal Revenue Code (IRC). But, IRS CI’s investigative authority also extends far beyond the IRC, and it routinely announces investigations […]
As Ben Franklin put it, “nothing is certain but death and taxes.” Whether you prepare your own tax filings or go to a professional to do it, most of us are generally honest with the Internal Revenue Service when it comes to paying taxes. However, mistakes can be made – […]
Tax preparers know that the EITC stands for Earned Income Tax Credit, which for 2021 can range from $1,502 to $6,728. Tax prepares also know that the less you earn and the more children you have, typically, the greater credit you qualify for. Additionally, most tax preparers are well aware […]
There is something known as innocent spouse tax relief which can relief one spouse from any IRS garnishment. However, there are several questions that need to be answered first. Five important questions Because of a reform of the Internal Revenue Code, the Internal Revenue Service Restructuring and Reform Act of 1998 (RRA […]
The pandemic has had a monumental impact on every aspect of our national economy. One of the primary ways our government officials responded was through several loans to help small businesses weather the storm and continue paying their employees. As expected, the government has dedicated significant resources to policing the […]
Embezzlement is a far more common occurrence than most people realize. In fact, many businesses treat embezzlement as a common business risk. Accounting for embezzled losses and detecting embezzlement in the office is simply part of doing business. But as an employer, what are your responsibilities? Especially when it comes […]