The Internal Revenue Service (IRS) expects businesses to meet their payroll tax obligations. But what happens when a business has not made these payments? Who is liable? Could the IRS go after the accountant? The truth is that in some cases the IRS can build a...
Tax Crimes
Is it illegal to make mistakes on your taxes?
This is your first year running your own business and doing your taxes. It’s still a small operation, so you don’t have an official department to do this for you. You’re just filing the taxes on your own, as the owner and sole employee of the business. However, you...
IRS identity theft: What to do if you are a victim
Identity theft comes in many forms, which can make it difficult to predict what is going to happen if someone gets hold of your information. One of the most common forms of identity theft is tax-related identity theft. As a victim of tax identity theft, you may...
How does the IRS catch tax fraud?
According to the Internal Revenue Service (IRS), there’s about $450 billion missing from its coffers. The money wasn’t stolen so much as it was never delivered in the first place. That’s the estimated “tax gap” the IRS believes exists between what taxpayers should be...
WHAT IS THE IRS VOLUNTARY DISCLOSURE PRACTICE?
The legal duty of taxpayers to fully comply with federal tax laws is the foundation of “Voluntary compliance” in the American tax system. Most taxpayers, in fact, voluntarily comply with this duty, however, there are always some that fail. The IRS has an impressive...
How Does the IRS Criminal Investigations Division Work?
The IRS Criminal Investigations (CI) Division handles tax crime cases. These cases are much less common than civil tax cases. The IRS states that they prosecute approximately 3,000 criminal tax cases each year. However, these prosecutions also provide a warning to all...