The most common federal tax crime is tax evasion, which is specifically defined in 26 U.S.C. § 7201 as a failure to report taxes, reporting taxes inaccurately, or failing to pay taxes. To establish a case for tax evasion under section 7201 of the Internal Revenue Code (IRC), the government must prove each of the following beyond a reasonable doubt: that the taxpayer attempted to evade or defeat a tax or payment of a tax; an additional tax was due and owing; and the taxpayer acted willfully. If the IRS proves its case for tax evasion against a taxpayer, the penalty can be significant including monetary fines and jail time.
Tag Archive for William Hartsock
10 Nov 2014
- How You Can Find And Collect Unclaimed Money Federal And State Governments And Businesses Owe YouBy TaxConnections AdminFind Unclaimed Money If a business, government office, or other source owes you money that you don’t collect, it’s considered unclaimed. The federal government doesn’t have a central website […]
- Axe The Food Tax: Eliminating Sales Tax On Groceries In KansasBy Monika MilesKansas Gov. Laura Kelly announced in November her plans to introduce a bill to the Kansas legislature to “Axe the Food Tax” and completely eliminate sales tax on groceries in the state. Her plan is […]
- Fun Jokes For The Tax Professionals’ Christmas PartyBy TaxConnections Admin♦ What do cannibal tax accountants do at their Office Christmas Dinner? Toast their clients. ♦ What is Father Christmas’s tax status? Elf-employed. ♦ How does Santa’s tax […]
- The Travel Act Makes It A Federal Crime To Travel, Use The Mail, Or Use Any Interstate Commerce Facility For Unlawful ActivityBy Jason FreemanThe Travel Act, 18 U.S.C. § 1952, makes it a federal crime to travel, use the mail, or use any facility in interstate or foreign commerce for the purpose of furthering an “unlawful activity.” At the […]
- Tax Firm Owners: How To Give Your Team A Raise This YearBy Kat JenningsDuring November/December for the past twenty-five years, I receive calls from tax professionals and tax services firm leadership. The topic is always the same…it is about salary and what a tax […]
- How You Can Find And Collect Unclaimed Money Federal And State Governments And Businesses Owe You
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