Is Income Tax illegal?
- May 1st, 2024
- David Greene
- Comments Off on Is Income Tax illegal?
I get inquiries about this matter every year around April 15. First let me state that the collection of income tax by the federal government is legal pursuant to the Constitution and federal statutes. We might not like how much…
Can the IRS seize property held in the non-debtor’s name?
- October 11th, 2022
- David Greene
- Comments Off on Can the IRS seize property held in the non-debtor’s name?
Yes, they can in certain circumstances. If person A has a tax debt and transfers his property to person B for less than fair market value, the IRS can void that transfer through a court action. This is pursued under…
Is a mistake on a tax return criminal?
- June 8th, 2022
- David Greene
- Comments Off on Is a mistake on a tax return criminal?
If you make a mistake on your tax return, that is not criminal. However, filing a wilfully fraudulent return is criminal and can land you in jail. Here are some things you do not want to do that, if done,…
Are offshore credit cards illegal?
- July 29th, 2021
- David Greene
- Comments Off on Are offshore credit cards illegal?
Americans can do business in any country as long as such business is allowed by that country. Therefore, having an offshore credit card is not illegal. However, most of these cards are designed to evade income tax and that is…
Are foreign bank accounts illegal for American citizens?
- October 8th, 2020
- David Greene
- Comments Off on Are foreign bank accounts illegal for American citizens?
It’s amazing the rumors that abound about the IRS. You will not get in trouble for merely having a foreign bank account, so long as you report it properly on your tax return. Many people and businesses have such accounts…
Are offshore bank accounts illegal?
- September 24th, 2020
- David Greene
- Comments Off on Are offshore bank accounts illegal?
As I have mentioned previously in this column, the IRS has launched an aggressive offensive campaign against people who have offshore bank accounts. It is certainly not illegal to have an offshore account or credit card and there are many…
Is the taxing of individuals by the IRS illegal?
- April 14th, 2020
- David Greene
- Comments Off on Is the taxing of individuals by the IRS illegal?
I get this kind of inquiry every couple of years. Over the course of my practice, I have represented several individuals who tried to take this stand with the IRS. None of them were successful and the few who did…
When does an incorrect tax return become criminal, Part 2?
- September 20th, 2019
- David Greene
- Comments Off on When does an incorrect tax return become criminal, Part 2?
Last week I stated that that only fruadulent acts lead to criminal trouble and I listed five things that can cause real trouble. This week I will add four more things you do notwant to do that, if done, can lead…
When does an incorrect tax return become criminal?
- September 10th, 2019
- David Greene
- Comments Off on When does an incorrect tax return become criminal?
If you make a mistake on your return, that is not criminal. However, filing a wilfully fraudulent return iscriminal and can land you in jail. Here are some things you do not want to do that, if done, can lead to…
Can failure to pay taxes result in jail time?
- November 28th, 2017
- 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…