Former Trucking CEO Pleads Guilty to Tax Evasion, Fraud Continues to Await...
For roughly 30 years under the stewardship of co-founder Jim Pielsticker, Arrow Trucking Company not only survived but also thrived and employed thousands of people in Tulsa and beyond. But,...The post...
View ArticleFather-Son Tax Preparers to Spend a Combined 7 Years in Prison Over Secret...
In the recent past, we have covered a few stories that dealt with tax preparers that have been investigated and charged with crimes that relate to lying on a client’s...The post Father-Son Tax...
View ArticleFormer Real Estate Professional Sentenced in Mortgage and Tax Fraud Case
Tax fraud can come in many shapes and sizes. Sometimes, it can appear in a vacuum and involve a taxpayer or another person filing a tax return with false or...The post Former Real Estate Professional...
View ArticleSan Diego Tax Preparer Indicted on 36 Counts of Tax Preparation Fraud
Each year, most Americans diligently prepare their taxes or pay a tax professional to prepare it for them. The vast majority of Americans want to avoid the potential consequences of...The post San...
View ArticlePrison Time For Maine Businessman Who Claimed to Be Exempt From Tax
If polled, many Americans may opine that federal taxes are too high. A smaller amount may go as far as to say that federal taxes should be abolished, as a...The post Prison Time For Maine Businessman...
View ArticleCalifornia Law Explicitly Criminalizes the Use of “Zappers.”
In the retail sales tax collection arrangement businesses are charged with an obligation to collect, hold , and pay over sales tax revenue generated due to sales at the business....The post California...
View ArticleUnderstanding the Net Tax Gap and Its Causes
The net tax gap or the tax gap is a term that frequently appears in the news media following political discussions regarding the IRS, government spending, and budget shortfalls. It...The post...
View ArticleHow Does California’s Franchise Tax Board’s Voluntary Disclosure Program...
What exactly is the California Franchise Tax voluntary disclosure program? For an individual’s federal income taxes, the IRS is charged with administering and enforcing the U.S. Tax Code. For...
View ArticleWashington Accountant Indicted on Business Tax Fraud
Tax fraud occurs across all business sectors, however accountants are typically a profession you would think would be last to commit tax fraud. Public accountants are one of the professions...The post...
View ArticleUpdate: Minnesota Real Estate Professional Sentenced in Tax Evasion Case
Taxpayers who keep up with news of prosecutions and convictions of tax evaders often read the stories that we or other tax professionals post and think to themselves “that could...The post Update:...
View ArticleHow a California Sales Tax Audit Can Be Your Worst Nightmare
The California Board of Equalization is the state government agency responsible for enforcing the obligation to collect and pay over sales tax by businesses. Many businesses believe that they are too...
View ArticleEven a rags to riches story cannot protect against tax evasion charges
For Raul Sosa, his story seemed to represent the American dream. He came into the nation as a refugee from Cuba and within a few decades had founded a successful and highly lucrative business....
View ArticleAssemblyman pleads guilty to tax charges faces IRS bill of $600,000+
On this blog we frequently write about all of the factors and characteristics that people believe will protect them from a tax audit, investigation, or prosecution. Unfortunately, time and time again,...
View ArticleAnother respected business owner sentenced for tax evasion and fraud
As we unfortunately discuss all too often on this blog, many successful business owners come to believe that their wealth, success, and business dealings somehow provide immunization from suspicion of...
View ArticleWatch Out! Tax Prosecutions Are On The Rise
According to a new TRAC (Transactional Records Access Clearinghouse) report, criminal tax prosecutions have jumped under the Obama administration when compared to those under George W. Bush. When the...
View ArticlePurposely Fail to Pay the Correct Amount of Taxes, You May Go to Jail
No law forbids a U.S. taxpayer from paying the lowest possible amount in income taxes.[1] However, a taxpayer that purposely pays less than is legally required may be civilly and criminally prosecuted...
View ArticleCanada Joins FATCA – Canadian Revenue Service to Begin Reporting to the IRS...
Last Wednesday, Canada became the most recent country to sign a bilateral tax disclosure agreement with the United States as a result of the Foreign Account Tax Compliance Act(FATCA) passed in 2010....
View Article60 Swiss Banks are Now Participating in the U.S. DOJ Program
Under the terms of the Swiss-U.S. treaty signed in August, the deadline to join the U.S. Department of Justice program was December 31, 2013. This program allows Swiss banks to reduce their criminal...
View ArticlePennsylvania Businessman Faces 25 Years for Tax Evasion, Wire Fraud
Accountancy is one of the most respected and revered professions that one can enter into. Most accountants go about their work in a methodical and efficient manner, helping their clients save money...
View ArticleTax Preparer Fraud Can Lead to Huge Fines and Criminal Penalties
Taxpayers understand that the U.S. Tax Code is complex, dense, and difficult to understand document. Furthermore, secondary sources like agency manuals are exhaustive and voluminous. In today’s day...
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