Section 7201 of the Internal Revenue Code sets out the penalties for the willful attempt to evade or defeat any tax imposed under the I.R.C. The crime is classified as a felony, and a conviction could result in imprisonment up to five years and/or fines up to $250,000...
Catholic priests may be well acquainted with confession. However, a recent article illustrates why this approach may not have been in one specific priest's best interests during a recent interview with agents from the Internal Revenue Service. The 56-year old priest...
Small business owners might utilize a number of do-it-yourself online resources in their operations. When it comes to tax liabilities, however, it is important to understand the potential limitations of online tax preparation programs or legal sites.As a tax law firm,...
A taxpayer that amends a tax return may be attempting to do the right thing. Yet before taking this action, an individual might benefit from a consultation with a tax attorney.Notably, there may be reasons not to amend a return. Signing a return is akin to filing it...