Tax Law Blog

Window Salesman Gets 12 Years 1 Day for Tax Evasion

Posted by on behalf of Robert J. Fedor, Esq., L.L.C. on Aug 22, 2017 2:08:48 PM

A Florida salesman is facing serious time after some seemingly clever tax tap dancing. After being notified that his wages would be levied due to his failure to file for multiple years, he formed his own company and became an independent contractor for it. This allowed him to continue his evasion for several years more. Now, his run has come to an end.

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Topics: Tax Evasion, False Tax Returns, Failure to File

Clean Files Carefully, the IRS may Claim Obstruction of Justice

Posted by on behalf of Robert J. Fedor, Esq., L.L.C. on Aug 17, 2017 12:15:00 PM

The Supreme Court of the United States (SCOTUS) has agreed to hear a case that aims to clarify when a taxpayer’s actions are paramount to an obstruction of justice.

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Topics: Tax Controversy

Two Pieces of Tax News from Ohio

Posted by on behalf of Robert J. Fedor, Esq., L.L.C. on Aug 15, 2017 8:33:01 AM

Ohio has had some interesting tax news in recent weeks. One piece that has received media attention involves recent reports about income tax revenue in the state, the other a proposal that could impact the state’s sales tax.

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Topics: Tax Law

IRS Outsources Tax Debt Collection: 3 Things You need to Know

Posted by on behalf of Robert J. Fedor, Esq., L.L.C. on Aug 10, 2017 12:15:00 PM

The Internal Revenue Service (IRS) has agreed to outsource its tax debt collection efforts. In an effort to help cut down on expenses, the federal agency has arranged to use the services of contractors to contact and extract payment from taxpayers.

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Topics: IRS, Tax Controversy

Employee or Independent Contractor in the Gig Economy

Posted by on behalf of Robert J. Fedor, Esq., L.L.C. on Aug 8, 2017 8:04:00 AM

Technology has untethered many from cubicals under florescent lights. For a business who mistakenly classifies a remote worker as an independent contractor, the liability can be significant.

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Topics: employment tax

Overstating Business Expenses Lands Tax Judge in Court for Fraud

Posted by on behalf of Robert J. Fedor, Esq., L.L.C. on Aug 3, 2017 7:30:00 AM

Small business owners may write off business expenses that are “ordinary and necessary.” There aren’t limits and net losses can offset other forms of income like salaries and wages. Losses can even carry over to future years. When business expense deductions are abused the penalties can be stiff. When the taxpayer who tried to pass personal expenses as business deductions is a tax judge, any argument about a negligent error doesn’t get very far.

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Topics: Tax Fraud

Top Reason to Hire Legal Counsel When Navigating a Tax Issue

Posted by on behalf of Robert J. Fedor, Esq., L.L.C. on Aug 1, 2017 7:30:00 AM

The Internet is a wonderful thing. Google, Bing, Yahoo and other search engines can provide answers to almost any question within a matter of seconds. Some answers are more reliable than others, but savvy tech users know which sites to trust and which to ignore. Savvy tech users likely know that sites that end with .gov are reliable.

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Topics: Tax Controversy

Beverly Hills 9021-Oh No! CA Resident Indicted on Multiple Tax Charges

Posted by on behalf of Robert J. Fedor, Esq., L.L.C. on Jul 27, 2017 9:55:00 AM

A Beverly Hills resident was recently indicted by a federal grand jury for a slew of tax violations, including corruptly endeavoring to impede the internal revenue laws, filing false tax returns, claiming exemptions he did not qualify for, and filing false FBARs. 

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Topics: Overseas Tax, Offshore Taxes, FBAR, filing false tax returns

As the Summer Days Continue, Tax Scams Heat Up

Posted by on behalf of Robert J. Fedor, Esq., L.L.C. on Jul 25, 2017 2:31:00 PM

Hot weather is not the only thing sweeping the country. The Internal Revenue Service (IRS) recently announced that it has received repeated reports of a new tax scam moving through the United States faster than the recent heat wave.

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Topics: Audits

Haven’t Heard of FinCEN? Here’s What You Need to Know.

Posted by on behalf of Robert J. Fedor, Esq., L.L.C. on Jul 20, 2017 1:29:00 PM

Not having a firm grasp on all the financial happenings within our country is common. There are many different agencies, departments and groups that play vital roles within our nation’s economic health. One such agency currently getting attention from the mass media is FinCEN.

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Topics: Tax Law, Tax Controversy