The Internal Revenue Service (IRS) recently announced the arrest of a man charged with multiple counts of criminal tax fraud. The man was a tax return professional who allegedly committed these crimes during the course of his business. The agency claims the man had a reputation for getting clients high refunds - refunds the agency states were based on illegal claims within the clients’ filings designed to get the taxpayers an illegally inflated refund.
The United States Department of Justice’s (DOJ) Tax Division recently announced the sentencing of a Waco, Texas tax return professional to 27 months imprisonment for tax crimes. The government claims the accused inflated client’s deductions and claimed fraudulent education credits.
Cryptocurrency, also known as digital currency, is booming. This relatively new form of currency provides a unique issue for the Internal Revenue Service (IRS). But the IRS is learning. It is figuring out the best way to track down these accounts and hold taxpayers who may attempt to thwart their tax obligations accountable.
The Tax Division of the Department of Justice (DOJ) is attempting to increase its efficiency. One way it may attempt to reach this goal: increasing requests for a crime fraud exception.
Tax crimes can come with serious consequences. A recent case provides an example. The case involves government allegations an attorney committed tax evasion. After facing the allegations and reviewing the case, the attorney chose to agree to a plea deal.
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 cyber criminals from tax professionals. In an effort to reduce this risk, the Internal Revenue Service (IRS) recently reminded tax professionals to promptly report data theft to the agency. The agency states if it receives notification in a timely manner it can help to stop fraudulent tax returns and better protect the client’s information.
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.
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 2014 through 2017.
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 financial gain. The prosecution claimed she stole "tens of thousands of dollars" by filing returns that should have belonged to former clients.
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.