No one wants to be the subject of a tax evasion investigation. Being accused of tax evasion can lead to significant fees and penalties. Even worse, however, it can lead to criminal tax evasion charges, which may result in jail time.
Unfortunately, a...
Read MoreTax evasion means jail time for many individuals. One couple is now looking at 15 years imprisonment for alleged tax evasion. What is unusual about this particular case is that the pair was running a tax preparation business.
Read MoreWhen it comes to some celebrities, the phrase more money, more problems seems to definitely apply. The IRS doesn't care who you are or how famous you are. If the federal government believes you owe it money, it will take action to recoup the amount...
Read MoreThey say there are two certainties in life, death and taxes. While the first remains largely an unknown, many Americans have had far too much experience with the later. Tax codes, rules and regulations are notoriously complex and confusing. It's...
The full and widespread effects of the U.S. federal government's attempts to crack down on foreign asset and account holders are being felt around the world. The Foreign Account Tax Compliance Act calls upon foreign governments and financial...
Read MoreStarting a business or some type of start-up is a major commitment and the men and women who do so must be dedicated and resourceful. When starting out or expanding operations, entrepreneurs and small business owners must often rely upon bank...
Small business owners are often credited with serving a vital role in the U.S. economy and providing for both its stability and growth. While small business owners took a tremendous financial hit during the recent recession, many fought back and...
Read MoreState and federal agencies take allegations of tax crimes, including tax evasion, very seriously. In many cases, there seems to be no limit to the efforts spent on identifying fraud and then holding the accused responsible. Agencies including the...
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