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Category: Tax Fraud

Income Taxes and IRS Identity Theft

27 September, 2022 | Tax Fraud

With the recent Equifax Credit Bureau identity theft event, and many prior episodes of personal identifying information being stolen (Yahoo, etc) that appears to happening all the time now, I thought an article would be helpful on how your tax returns are affected by such events, and concrete steps you can take to protect yourself against IRS identity theft (and your parents if they are elderly). From my experience as a CPA and Tax Attorney, if you think you are completely protected... CONTINUE READING

Can You Go to Jail for Not Paying Taxes?

4 May, 2022 | Tax Compliance Tax Debt Tax Fraud Tax Penalties

The short answer to the question of whether you can go to jail for not paying taxes is “yes.” Whether a person would actually go to jail for not paying their taxes depends upon all the details of their individual tax circumstances. Sometimes people make errors on their tax returns or are negligent in filing, but they are not intentionally trying to avoid paying taxes. It is a long-standing policy of the Internal Revenue Service (IRS) not to pursue prosecution of individuals who fail to fi... CONTINUE READING

Tax Fraud vs. Negligence

4 March, 2018 | Tax Fraud

Tax Fraud vs. Negligence I often receives phone calls from potential clients that are worried that either 1) their tax return has exaggerated expenses or lacks all the income, or 2) they took tax credits that they were not entitled to take.  Often the taxpayer went to a tax preparation firm, and did not review what the person included on the tax return. This is obviously a big mistake, since the taxpayer is solely liable for the information included on thei... CONTINUE READING

IRS Tax Fraud Alerts

2 May, 2013 | Tax Fraud

IRS Tax Fraud Alerts Tax fraud is common, and not always the fault of the taxpayer.  The IRS warns taxpayers of scams and fraud that they might unknowingly become a part of.  Listed are some common tax fraud types that taxpayers should be knowledgeable about. Tax Return Preparer Abuse It is important for taxpayers to choose a tax preparer car... CONTINUE READING

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Willful and Non-Willful Failure to File FBAR Penalties

FBAR Penalties: What to Expect If You Don't Report Foreign Bank Accounts Nothing’s quite as alarming as finding out you’re in violation of a law that you didn’t know existed. If you have foreign bank or financial accounts, you may be required to file an FBAR every year. Failing to do...