No one in Texas hopes to get a notification telling them their tax return is being audited. The very mention of an audit is dreaded by most people. Not only that, but if an audit is not handled properly, it can be extremely stressful and sometimes result in an even bigger tax […]
The Internal Revenue Service has announced new rules that some Texas residents may want to pay attention to. The first rule that the IRS has begun implementing requires the banks of customers who have offshore accounts to provide more details about their customers’ income. The federal government says the new […]
Every person is allowed to gift up to $5 million in his or her lifetime, exempt from gift taxes. But within a year, each person is also allowed to gift up to $13,000 without that counting towards the lifetime exemption. However, in order to keep track of the amount gifted […]
As many people in Texas know, paying taxes can be confusing, especially as more and more people try to save money by doing their own taxes. There is plenty of room for errors. However, the IRS is not usually sympathetic to people they suspect of committing tax fraud. In a […]
A Texas man has pleaded guilty to several charges surrounding an alleged Medicare scheme. The charges include conspiracy to commit health care fraud, conspiracy to commit money laundering, and tax evasion. The man and a number of unidentified accomplices were said to have used a variety of vehicles to transport […]
An apparent misunderstanding has a Schertz, Texas, real estate investor facing probation after being found guilty of tax evasion in another state. The 73-year-old man owned National Real Estate Traders Inc., which operated in the St. Paul, Minnesota, area for many years. Investigators determined that the man and his wife […]
It probably comes as no surprise to those in Texas and elsewhere that the federal government prosecutes alleged tax crimes with a heavy hand. After all, the government relies upon tax revenue to fund its operations. That means that a conviction of tax crimes can potentially lead to hefty fines […]
A San Antonio executive who was accused with others of illegally collecting payroll taxes and worker’s compensation fees agreed to a plea deal earlier this month. The 49-year-old has pleaded guilty to mail fraud and money laundering conspiracy charges; and in exchange, 27 counts of a 29-count indictment will be […]
Being convicted of criminal tax violations is no joke. These types of convictions can lead to serious jail time as well as heavy fines. Such was the case when a federal jury in Texas convicted a Delaware woman of cheating the government out of more than $3 million over a […]
A Texas woman is free on bond prior to sentencing after pleading guilty to federal tax charges. The charges of tax evasion carry a maximum sentence of $750,000 in fines and 15 years in prison. The woman owes the Internal Revenue Service $239,300. The woman owned and operated a day […]