Posts Tagged ‘criminal’

Can failure to pay taxes result in jail time?

  • David Greene
  • Comments Off on Can failure to pay taxes result in jail time?

Yes you can go to jail for non-payment of taxes, but your failure to file and pay must be with the deliberate intent to defraud the government.  In most cases the failure to file is not a deliberate attempt to…

Are income taxes really illegal?

  • David Greene
  • Comments Off on Are income taxes really illegal?

Many people hear the urban legends or talk to scam artists who say that income taxes are illegal and then ask me if that is true.  Most of these usually happen around April 15.  I have been getting some of…

What Is The Federal Student Tax? Is It A Scam?

  • David Greene
  • Comments Off on What Is The Federal Student Tax? Is It A Scam?

There is no federal student tax. This is the latest scam using IRS impersonators. They usually threaten criminal prosecution if the student does not immediately wire funds or provide a credit card to them. There are many similar scams operating…

Can criminal charges be brought for not paying payroll taxes?

  • David Greene
  • Comments Off on Can criminal charges be brought for not paying payroll taxes?

A business owner who has not paid the payroll taxes of his employees will usually have the trust fund penalty assessed against him, making him personally liable for the federal taxes withheld. Most trust fund cases are not criminal because…

Is it legal to have a personal foreign bank account?

  • David Greene
  • Comments Off on Is it legal to have a personal foreign bank account?

It’s amazing the rumors that abound about the IRS. An individual will not get in trouble for merely having a foreign bank account, so long as he reports it properly on his tax return. Many people and businesses have such…

How the IRS deals with Offshore Accounts

  • David Greene
  • Comments Off on How the IRS deals with Offshore Accounts

If you receive a letter from a revenue agent about an offshore bank account or credit card you need to be very concerned. The fact that this letter comes from a revenue agent (as opposed to a revenue officer) means…

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