Employers who fail to withhold and pay employment taxes to the IRS may face more than just an overdue tax debt. In a recent example, the IRS charged a recreational sports facility owner with 16 counts of tax fraud.The owner was responsible for withholding the...
The IRS does not take tax fraud lightly. In a recent example, a federal court judge sentenced a tax professional to two years in prison for that felony offense.Notably, the professional's stiff sentence implicated only a single felony count of aiding and assisting in...
Even a municipality can get into trouble with the Internal Revenue Service. In a recent example, the city of Scottsdale agreed to a $750,000 settlement to resolve a tax dispute.The tax relates to the city’s bond holdings. The city used a portion of its proceeds from...
Readers may know that both assets and debts of the marital estate must be divided when a couple is going through a divorce. That approach reflects the general principle that a court views a married couple's income and liabilities as jointly owned or owed,...