Tax Negligence Versus Tax Fraud

March 19, 2017

The line between tax negligence and tax fraud is unclear—even for the courts and the IRS. These are two different forms of illegal actions committed by taxpayers when filing out their tax returns, and carry different penalties under the law. IRS auditors understand complex tax laws, and assume all tax returns have errors. Though these…
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How Far Back Can the IRS Claim on Tax Evasion or Fraud?

January 8, 2017

Even though you may be a law-abiding taxpayer, innocent mistakes can be easily interpreted as suspect. If you are a business owner, an aggressive tax planning strategy may be considered illegal without you knowing it. It therefore pays to be able to differentiate tax evasion and fraud, as well as to know the statute of…
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$100 Billion Tax Fraud Scheme Ends in Conviction of 3 Coloradans

November 10, 2014

Three Coloradans are now awaiting sentencing after being convicted of 18 different criminal charges associated with their operation of a $100 billion tax fraud scheme. According to court documents associated with this case, the three individuals created various tax documents to try to bilk the federal government out of more than $100 billion in tax…
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Man Convicted of IRS Tax Fraud Ordered to Pay $2M by Denver Judge

September 10, 2014

A 75-year-old oral surgeon has been convicted of IRS tax fraud and has been sentenced to serve 18 months in prison and pay more than $2 million back taxes to the IRS. This sentence was handed down on September 9th by U.S. District Judge Raymond Moore in a federal court located in Denver. As Stephen…
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