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Is there an accountant-client privilege? Why should I work with a tax attorney?
Conversations between a CPA and his or her clients may or may not be shielded from disclosure to third parties. Whether the accountant-client privilege exists is a fact-specific inquiry where the fact...
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Swiss Bank Credit Suisse Pays $2.6 Billion in Penalties for Aiding Americans...
Zurich, Switzerland-based Credit Suisse is the first global banking organization in more than 10 years to plead guilty to a crime. In May 2014, Credit Suisse pleaded guilty to conspiracy to aid and...
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Which is worse? A failure to file penalty or a failure to pay penalty?
US citizens, legal permanent residents, and other covered individuals have an obligation to file and pay taxes on all sources of worldwide income. If an individual does not satisfy his or her filing...
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What are the top signs a criminal tax investigation is forthcoming?
While many people think that a criminal tax situation is something that cannot happen to them unless they had the intent to defraud the government, the truth is that criminal tax charges can be...
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Four Family Members Who Defrauded IRS of more than $5 million in Payroll Tax...
Temporary employment agencies have become a more prevalent part of the American work experience since the 2007 financial crisis and the difficult economic times that followed. While on one hand,...
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Beware of the Unexpected Tax Refund Windfall & Other Pitfalls
Each and every year April 15th brings fear and dread for millions of Americans who fear that they will face a hefty tax liability. Some may even choose to put off the filing by requesting an extension...
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Failure to File Taxes Plus a Frivolous Tax Argument Can Equal a Prison Sentence
The Wisconsin owner of several self-help and life development companies received a rather jarring wake-up call when he was convicted on tax crimes and sentenced to a year in federal prison. Eric T....
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Tax Preparer Fraud Can Lead to Serious Consequences for Both the Tax...
Most accountants, CPAs, and certified tax preparers are honest, hardworking people who are dedicated to their profession. Most tax professionals simply want to secure the best possible tax deal for...
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Failure to File Taxes? Expats can face a Customs Hold, Failure to File...
If you are living in the United States it can be difficult to miss the numerous announcements and pronouncements of the impending April 15th tax deadline. And yet, every year thousands of US taxpayers...
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Tax Problems Following a Divorce or Marital Problems? Innocent Spouse Relief...
Many married couples find it advantageous to file a joint tax return rather than filing separately. This comes as no surprise as the federal government has built a number of tax advantages for married...
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How Many Years Back Can the IRS Go in its Search for Tax Fraud?
The IRS and Department of Justice have cracked down on tax fraud and tax evasion regardless of its form. However, in recent announcements the Department of Justice has revealed its targeted...
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How Long of a Prison Sentence Can Someone Face for Tax Fraud?
As many tax controversy attorneys can state, tax problems can lead to major issues including a tax audit and even criminal tax charges. Even though tax problems are typically serious matters there are...
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The Length of Time You Are Subject to an IRS Audit May Have Just Doubled
The U.S. Tax Code is, essentially, in a constant state of flux. While there are certain bedrock principles, such as the obligation to file and pay taxes, particularities regarding both substantive and...
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Small Business Owners Who Doctor the Books or Misuse Company Funds for...
Small business owners are the dedicated and hardworking individuals that make our economy strong and our country great. On the whole, many small business owners lack the resources or processes and...
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Tax Evasion Charges? Know Your Rights
One of the most serious crimes one can face from the IRS is a charge of tax evasion. If convicted, a person can face a felony charge, large fines and prison time. If you have been charged with tax...
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Can I Go to Jail for Failure to File Tax Returns?
Failure to file tax returns can be classified as tax fraud by the IRS. While that term does manage to make it sound much more serious, failure to file by itself doesn’t often result in jail time....
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What Are the Penalties for Failing to File IRS Tax Returns?
Timely filing of IRS tax returns is always preferable to missing deadlines and facing tax return penalties for doing so. Failing to file tax returns leaves you liable for some potentially expensive...
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The Most Common Criminal Tax Violations
The IRS reported 2,672 convictions for criminal tax violations in the 2016 fiscal year. While criminal tax charges are not common, the penalties —which can include jail time — are severe enough to...
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What Are the Potential Penalties for IRS Tax Fraud?
The idea of being sent to prison for making a mistake on your tax return may seem ridiculous — and also scary — to the average taxpayer. With so many regulations to follow that even IRS employees can...
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How to Fight Tax Fraud Penalties
Tax fraud occurs when an individual’s conduct goes beyond negligence and becomes intentional or willful wrongdoing. It has been described as an intentional violation of a known legal duty. If you want...
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