Cybercrime is problem tax professionals must face on a daily basis. Tens of thousands of taxpayers are at risk of identity theft due to information stolen by cybercriminals from tax professionals. In an effort to reduce this risk, the Internal Revenue Service (IRS) recently reminded tax professionals to promptly report […]
Category: Tax Crimes
The sunset of the Offshore Voluntary Disclosure Program (OVDP) in September of 2018 left many taxpayers wondering how the Internal Revenue Service (IRS) would handle future disclosures. Would the IRS choose to renew the program? Would another take its place? The agency recently provided some guidance. Can taxpayers voluntarily come into […]
The United States Department of Justice (DOJ) and Internal Revenue Service (IRS) recently charged a tax preparation professional with 18 counts of aiding in the preparation of false tax returns. These charges were based on allegations the man filed fraudulent tax returns over a span of four tax years, from […]
The Internal Revenue Service’s (IRS) General Crimes Unit recently conducted an investigation of a tax preparation professional accused of using her client’s information to perpetuate a fraudulent tax scheme. The agency accused the tax professional of filing false tax returns and stealing the identities of former clients for her own […]
The United States Attorney’s Office recently accused a former special agent with the Internal Revenue Service (IRS) Criminal Investigation Division with various tax crimes. According to the government, the former agent thwarted tax obligations by using a number of different illegal methods to reduce her tax bill. Her alleged wrongdoing included: Deductions. The […]
The government has accused Paul Manafort, former campaign chairman for President Donald Trump, of various tax crimes. The accusations include 18 counts of tax evasion, bank fraud and failure to report foreign assets. The case has garnered media attention due to its connection to Robert Mueller’s investigation of allegations of […]
The Internal Revenue Service (IRS) recently concluded an investigation of a tax preparation professional. The investigation resulted in various allegations, including violation of the professional rules of conduct. More specifically, the agency accused the tax practitioner of violating Treasury Department Circular No. 230. The government does not allow tax practitioners to use […]
It is not every day a taxpayer can claim a major victory in a fight against the Internal Revenue Service (IRS). A man from Texas can make such a claim. The man took on the government in a battle over foreign accounts. The government has come down hard on those […]
The Internal Revenue Service (IRS) accused an owner and operator of a tax return preparation business of filing fraudulent tax returns. What are the charges against the tax preparation business owner? The agency alleged the business owner increased unreimbursed job expenses, medical expenses, dental expenses and even created “wholly fictitious” side […]
It is the busy season for those who offer tax preparation services. Tax season is starting to finish up and clients are often pushing for the biggest return possible. Providing the service your clients want while meeting the demands and regulations expected by the Internal Revenue Service (IRS) can be […]