Tax fraud is a term that encompasses a range of activities. The important distinction between tax fraud and an accidental error on a tax return is intention. Knowingly committing the following acts constitutes engaging in tax fraud, which carries potential large...
While most people think of tax fraud in terms of personal income tax filings, employment tax fraud is another prevalent issue in the state of Massachusetts. Employment tax fraud is a tax crime committed by a company against the state and federal government....
Tax evasion in the United States is more common than you might think. However, most people don't know that it is a serious crime. This article will take a comprehensive look at everything you need to know about tax evasion, including what it is and the...
Having an offshore account is legal as long as the account holder follows the required disclosure and filing mandates outlined by the IRS. Foreign banks also require that their clients comply with the local and international tax laws to avoid litigation risks...
Federal tax law is complicated. Oftentimes, tax disputes and conflicts can occur among individuals and organizations. Taxation disputes have proved to have costly impacts, like interest imposition and penalty assessments, back tax, and sometimes criminal...
It is common for people to try and find ways of evading taxes. After all, no one wants to pay a huge amount of taxes. However, state tax authorities and the IRS take tax evasion seriously. Below we take a comprehensive look at key facts on tax crimes and how the IRS...
Tax fraud is said to be an intentional act to cheat or defeat taxes. That said, sometimes unintentional errors can occur while filing taxes that could lead to a tax fraud accusation. Whether a tax preparer files on your behalf, the IRS holds you accountable for your...
Most people dread the thought of filing their taxes. It's an arduous task that often takes hours to complete, and it can be pretty stressful when you're not sure if you were able to get everything right. Not to mention, if you're not careful, it can be easy to make...
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...
