Tax evasion is more complicated than forgetting to file a tax return. The common theme in criminal tax evasion is a willfulness to avoid assessment of a tax or actions taken to purposely evade the payment of taxes. I.R.C. § 7201 - Attempt to evade or defeat...
Any businesses or corporations that try to hide their tax obligations behind other entities will not be successful under the IRS' alter ego theory. The following will explain what the alter ego theory is and how it could be established that third-party business...
A bank account owned outside of one's jurisdiction is referred to as an offshore bank account. Any citizen, poor or rich, can open a foreign bank account. The country hosting your offshore account is called a tax haven, meaning it levies lower taxes on you than 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...
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...
