Obeying U.S tax laws is a legal obligation every citizen needs to uphold. In fact, the nation's tax system is grounded on "voluntary compliance." While numerous taxpayers adhere to their Internal Revenue Service (IRS) obligations, not everyone complies. For this...
The IRS Criminal Investigation is an Intelligence Unit created on July 1, 1919, to address different types of tax fraud allegations. Initially, it was composed of six special agents previously employed as inspectors at the United States Post Office. The inspectors...
Colombian pop star Shakira (given name Isabel Mebarak Ripoll) faces trial for tax evasion in a Spanish court. Judge Marco Juberias found "sufficient evidence of criminality" and recommended that her case goes to trial for failure to pay 14.5 million Euros (about $15...
If a tax preparer files fraudulent tax returns for a taxpayer, the IRS holds the associated taxpayer responsible for the filing. The IRS may require the taxpayer to pay additional taxes, interest and be subject to penalties. However, this does not mean that the tax...
COVID-19 choked international travel in 2020, so this might have slipped under your radar with everything else happening in the world. But it's true: you might be denied a passport if you owe substantial taxes! If you have a substantial outstanding balance with the...
Accusations from federal agencies can result in serious criminal cases and possible consequences. In some instances, the Internal Revenue Service may suspect a Massachusetts resident of committing tax crimes and start an investigation into that person's actions....
Most Massachusetts residents would agree that they would not want to pay more than is owed on any financial obligation. For this reason, people look for as many ways as possible to avoid paying too much in taxes. Tax shelters are one way to make that happen, but when...
Millions of Americans, including most Boston residents, diligently file their tax returns every year whether they will have to pay or will receive a refund. Then there are taxpayers who fail to timely file their returns and do not pay their taxes. For this reason, the...
Technology has done so much to simplify life, but it also complicates it in many ways. The personal information of Massachusetts residents is out there for clever hackers to steal. When that information is stolen in order to defraud the IRS through tax-related...
Technological advances have made it a challenge for taxing authorities to pursue those they believe are hiding money in order to avoid paying taxes -- until recently, that is. The IRS has worked diligently to find ways to track people who own cryptocurrency in order...
