Tax Crimes

how to report IRS fraud

Tired of IRS Tax Fraud? 4 Popular Scams & How to Report Them

In a prepared statement, Principal Deputy Assistant Attorney General Richard E. Zuckerman said, “Fraudulent tax return preparers harm taxpayers, legitimate businesses, and the American public.”  Americans are in the midst of a complicated 2019 tax season. Many are scurrying to file around the government shutdown. All Americans are filing under the new tax plan with …

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know about whistleblower program

The Awards Whistleblowers Receive in Tax Cases

On behalf of Silver Tax Group posted in Tax Crimes on Friday, April 6, 2018. Michigan taxpayers need to understand how extensive the IRS whistleblower program is. Besides having massive support from other federal branches, the IRS is always enhancing its enforcement efforts. The whistleblower program Whistleblowers stand to profit by reporting on the wrongdoing of other taxpayers. The …

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the power the IRS

Tax Provision the Subject of Supreme Court Case

On behalf of Silver Tax Group posted in Tax Crimes on Thursday, January 4, 2018. We’ve long discussed on this blog the power the IRS has in imposing criminal penalties. For example, Tax Code Section 7212(a) imposes penalties upon individuals who obstruct, impede or even endeavor to obstruct or impede “the due administration” of the Internal Revenue Code.” This …

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new bill regarding digital currency

Failing to Report Side Income Has Consequences

On behalf of Silver Tax Group posted in Tax Crimes on Wednesday, September 27, 2017. From the perspective of the IRS, all income from any source is subject to taxation. However, many taxpayers (including those living in Michigan) are failing to report all of the money they receive. Data about failure to report side income According to an article from …

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obstruction of justice

Obstruction of Justice and the Tax Code

On behalf of Silver Tax Group posted in Tax Crimes on Thursday, July 27, 2017. Lawmakers may sometimes create overly expansive laws in order to prosecute more individuals. Unfortunately, such actions can result in prosecution of innocent people. It can also result in severe consequences for actions that most would describe as relatively minor infractions. The obstruction of justice …

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The lengthy process in resolving identity theft claims

The Lengthy Process in Resolving Identity Theft Claims

On behalf of Silver Tax Group posted in Identity Theft on Monday, April 10, 2017. We previously reported that identity theft resulted in $3.1 billion in fraudulent tax refunds in 2014. However, many believe this figure to be significantly higher. Wrongdoers are using such Social Security numbers to trigger a refund from the IRS or state revenue offices. Those perpetrating the fraud, besides …

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tax crimes in 2016

IRS Aggressively Prosecuted Tax Crimes in 2016

On behalf of Silver Tax Group posted in Tax Crimes on Wednesday, March 8, 2017. It goes without saying that Michigan taxpayers want to avoid criminal tax consequences. Such charges require immediate attention because the penalties can impact your finances, career and reputation. The penalties for tax crimes include fines, asset forfeiture and possible prison time. A conviction could mean …

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identity theft

The EITC and Identity Theft

On behalf of Silver Tax Group posted in Identity Theft on Thursday, February 9, 2017. Federal regulators put the earned income tax credit (EITC) in place to benefit low- and moderate-income individuals. The EITC particularly benefits individuals with children. Families with three or more qualifying children could claim up a maximum of $6,269 as a result of the EITC. And taxpayers …

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IRS will reward whistleblowers

IRS Provides Awards to Whistleblowers

On behalf of Silver Tax Group posted in Tax Crimes. Whistleblowers receive financial awards for reporting on alleged violations of the federal tax code. This may be good news to whistleblowers, but it can be bad news for those wrongly accused of tax evasion. The whistleblower program In 2016, whistleblowers received $61 million for providing information to tax authorities. There …

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Health insurance reimbursements

Health Insurance Reimbursements and Tax Penalties for Employers

On behalf of Silver Tax Group posted in Tax Crimes on Thursday, December 22, 2016. Michigan business owners have understandable concerns regarding health insurance requirements for employees. The reporting requirements are practically endless. And even the failure to follow specific Affordable Care Act requirements can result in tax consequences. Though not addressed in the ACA, the IRS was fining small …

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whistleblower claims against taxpayers

Ruling May Lead to More Whistleblower Claims Against Taxpayers

While one commentator feels a recent ruling from the U.S. Tax Court case is “good news,” many taxpayers will not feel the same. (The commentator, by the way, also happens to be the lead attorney representing the whistleblowers in the case. These are whistleblowers accusing taxpayers of wrongdoing.) The IRS has in the past limited collection proceeds …

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"structuring" for cash business owner

What Cash Business Owners Need To Know About “Structuring”

If cash transactions are any part of your business – whether you run a bakery, family-owned dry cleaner, convenience store or small pet shop – you need to know what “structuring” is and understand red flags that can lead to a structuring investigation. If you don’t understand this important issue, you may not even know …

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charges of tax fraud

Charges against Construction Firm Allege Tax Fraud

On behalf of Silver Tax Group posted in Tax Crimes on Friday, April 29, 2016. A 10-month long investigation culminated in 11 felony charges that included wage theft and tax fraud. Allegedly, the construction company failed to pay their taxes. They also apparently failed to pay workers’ compensation insurance premiums. The investigation uncovered the company was withholding wages from …

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