The U.S. tax code is a federal document comprised of a collection of tax laws regulating how Americans must pay their taxes. Within these laws are provisions taxpayers can use to lower their tax burden legally. Taxpayers who attempt to reduce their tax burden...
Payment of taxes is an important civic duty of every citizen who has a source of income. The obligation to collect taxes vests in the revered hands of Internal Revenue Services (IRS). Failure to remit all the taxes that are due to IRS can be considered as tax evasion,...
Tax crimes include activities ranging from simple omissions like failure to keep tax records to complex acts like deliberate failure to file tax returns and declare taxable incomes. Failure to declare taxable income is an offense that can have serious consequences,...
We have all heard the saying: the only two things certain in life are death and taxes. Most Americans simply grumble about paying taxes, while some just do not pay taxes at all. This is called tax evasion, and it can carry a hefty fine and possible jail time if...
Anyone in Massachusetts or elsewhere who follows tax-related news has probably heard about the Robert Smith Case. Mr. Smith is a former student of Cornell, a billionaire and a philanthropist. He is also a person who, over the past few years, has been investigated for...
Accusations of any type of criminal activity can have lasting effects on a person's life. If Massachusetts residents face charges for tax evasion, their situations can understandably seem overwhelming. Fortunately, parties in this type of predicament can defend...
Most Massachusetts residents do not want to tangle with the IRS. They make sure they get their tax returns filed on time and diligently try to report all their income and let the chips fall where they may. However, that does not mean that people want to pay more in...
The IRS tends to pay attention when someone here in Massachusetts or elsewhere does not file a return. In many cases, the individual is not required to file a tax return because he or she anticipates a refund or does not make enough money to be required to do so,...
Between now and April 15, many people here in Boston and across the country will fill out forms intended to go to the IRS. In an attempt not to pay more in taxes than necessary, they will search for the best and most deductions and credits they can use to reduce their...
Accusations of cheating the IRS can result in criminal charges in addition to any consequences levied by the agency. Those who end up facing criminal penalties for tax evasion will often find themselves standing before a U.S. District Court judge. If convicted, an...
