The IRS wears several hats.For most taxpayers, the IRS is merely the rather faceless government agency that oversees compliance with tax-filing and payment requirements.To be sure, that work is an important part of what the IRS does. But besides tax collection and...
Month: February 2014
IRS wants taxpayers to know that tax crimes do not pay
Heading into the frenzy of tax season, the IRS wants Massachusetts taxpayers to know that filing inaccurate returns or failing to make necessary disclosures may result in prosecution for tax evasion or other tax crimes. In addition to paying any unpaid taxes,...
Swiss financier faces charges of fraud
Tax experts in Massachusetts are watching a case that involves federal prosecutors charging a Swiss asset manager for tax evasion through offshore trust funds at numerous banks in Switzerland. The 52-year-old citizen of Switzerland could be sentenced to a maximum of...
Prosecution of tax crimes on the rise
Massachusetts taxpayers may be interested in the latest statistics on the Obama administration's stance on income tax crimes. As instances of tax refund and other fraud are rising, the Justice Department is doing its part to keep up. Since the Obama administration...