A tax preparation business called Mo’ Money Taxes, based in Memphis, Tennessee, has been sued by several state attorneys general. Illinois, for example, has charged the company with filing fraudulent returns without client authorization and illegally charging its clients millions of dollars in hidden fees. Many of the company’s clients had not received their refund checks. Also, a crime subcommittee of the [...]

There are certain tax crimes that the IRS criminal investigation division investigates and refers for prosecution more than others. Here are four of the most frequently prosecuted tax crimes: Failure to File Tax Returns The Law 26 U.S.C. § 7203 – Willful failure to file return, supply information, or pay tax Any person required under this [...]

David Jolly of the New York Times reports that the United States, France, German and Great Britain are working together offshore and other types of tax evasion: The global body that sets standards for combating money laundering and terrorist financing said Thursday that governments should treat tax crimes as a red flag for other types [...]

It’s no secret that the IRS has greatly intensified the criminal prosecution of taxpayers who have filed false tax returns. The reason for this is evident: The federal government needs money but doesn’t want to raise taxes on law-abiding citizens in a weak ec0nomy. From day one, the Obama administration made it a priority to close the tax [...]

The IRS has recently stepped up its non filer program and is now aggressively seeking to bring them into compliance. Many taxpayers are unaware that it is a crime not to file a tax return. Non filers often make the mistake of assuming that if they dont have the money to pay their taxes they [...]

There are a number of possible federal tax crimes with which the United States Department of Justice may charge a delinquent taxpayer. Here are the most frequently brought charges. Failure to File Tax Returns The Law 26 U.S.C. § 7203 – Willful failure to file return, supply information, or pay tax Any person required under this title [...]

If an IRS official believes that you might have broken the law or are currently breaking the law, he or she will refer the matter to the IRS Criminal Investigation Division (CID). The Top Criminal Violations Investigated by CID The most frequently investigated criminal violations are: Failure to file an income tax return Structuring transactions [...]

If your business collects sales taxes from your customers and does not remit it to the Florida Department of Revenue, the State will bring criminal charges against you personally under Florida Statute 206.56 for Theft of State Funds. Theft of State Funds is a third degree felony carrying a maximum prison sentence of up to [...]

Despite the many urban myths that are circulating about the IRS’s vicious and unforgiving nature, it takes a lot before a Revenue Officer or Agent will refer a case to the Criminal Investigation Division (CID). And it takes even more for a federal prosecutor to pursue an indictment. But there are certain instances where you can [...]

WebCPA reports that the IRS’s Criminal Investigation Division (CID) is getting closer to meeting its objectives for combating tax evasion, corporate fraud, financial crime and even terrorism, according to a new report from TIGTA: [The] Treasury Inspector General for Tax Administration noted that the division’s current strategic plan calls for it to maintain a focus on legal-source tax [...]