During tax season, may people are tempted to minimize their tax liability by underreporting income or overclaiming exemptions and deductions. This may seem like something that is easy to get away with, but it most certainly is not.The IRS takes false tax returns very...
Tax season is upon us, which means many people are scrambling to collect their paperwork and prepare a tax return that will maximize their refund without triggering an IRS tax audit.Audits can happen for a number of different reasons. Sometimes, they result from...
Innocent spouses linked to those accused of tax crimes may have an easier time proving their innocence. In a statement released last month, the Internal Revenue Service announced a change in how they will evaluate "equitable relief" cases, which are situations where...
In the last few weeks, this blog has discussed the criminal penalties and fines taxpayers can face if they file incorrect or fraudulent tax returns. However, it is important to recognize that taxpayers can commit misconduct that doesn't rise to the level of a criminal...
The Internal Revenue Service is not alone in its effort to crack down on offshore tax evasion by American taxpayers. Last week, the federal government announced that it has enlisted the help of five European nations to enforce the Foreign Account Tax Compliance...
Earlier this week, an Attleboro man was convicted in U.S. District Court after allegations that he perpetrated more than $50 million worth of fraud against the Internal Revenue Service.The man, who worked as a stockbroker, insurance agent and financial advisor, was...
A Rhode Island general contractor pled guilty to two counts of tax evasion and eight counts of wire fraud earlier this week, following an investigation by agents from the FBI Boston Field Office and the Boston office of the IRS's criminal investigation division.The...
