There are certain types of people that will go to great lengths to save money. I’m not talking about eating a strict diet of ramen noodles and taking the bus when you could afford to drive – I’m talking about tax avoidance.
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What Should I Expect After Being Charged With A Tax Crime?
Oftentimes, individuals being charged with a tax crime will be arrested and brought into custody by a federal agent. This can be an intimidating and confusing procedure, and it is important to have an attorney present at this stage. However, if you are arrested at this point, this does not necessarily mean you will have to sit in jail until the resolution of the case.
How Do Tax Crimes Get Prosecuted?
There is a section on the IRS website titled “The Truth About Frivolous Tax Arguments.” Not paying your taxes because they’re “voluntary,” or deciding for yourself how much your taxes should be has been tried many times. These tax dodging attempts have been much abused – so much so that the IRS has addressed them in particular.
What Conditions Are Required to Get an Offer in Compromise from the IRS?
If you are in debt up to your eyeballs with the IRS with no end in sight, then you might want to consider an Offer in Compromise (OIC). An OIC is a repayment plan with the IRS where the taxpayer can propose paying a lesser amount and the IRS will forgive the remainder.
How Are Transfers of Property Taxed in a Divorce?
Timing of the Transfer
Under 26 U.S. Code §1041, you typically have a 6-year window of time from the date your divorce is finalized to make a transfer that is not subject to taxation. Once you go beyond 6 years, you are looking at two individuals that are divorced, transfer assets between each other could be considered a gift subject to different rules. Unless there is a valid reason that is beyond your control, the sooner you complete the transfer the better off you will be. Because the code specifies that the tax-free transfer must be incident to divorce, it may also help to include what the other spouse will receive under the divorce agreement.
How to Pre-Audit Yourself in Advance of Your EDD Payroll Tax Audit
Internally, we have developed the following list of issues based on our experience in past EDD payroll tax audits. Although not an exhaustive list, it will give you an idea of some of the mistakes that we have seen in preparing for audits and things to generally look out for.
What Records are Required for a California Payroll Tax Audit?
Documents You Will Need for the Tax Auditor
What usually happens in a payroll tax audit is that the auditor will send you a laundry list of documents that they want to examine. Of the different types of audits, payroll tax audits are usually the ones that have the most flexibility because in a payroll tax audit they are basically running tests.
What Are the Penalties for Tax Evasion and Tax Fraud in California Sales Tax Audits?
California Tax Evasion Penalties Generally
Generally, penalties for fraud or intent to evade are imposed only when tax deficiency determinations are made by the CDTFA and CDTFA must prove evasion to impose tax evasion penalty. The RTC sections that impose evasion penalties are as follows:
How the California Sales Tax Audit Defense Practice Works with Brotman Law
Sales tax audits are one of the areas of practice that I am most proud of at our firm. We have dealt with some very difficult cases and gotten some really phenomenal results. I credit that to the hard work and diligence of our team. Brotman Law really understands sales tax audits.
Tax Return Demand from the FTB Intensifies
{{cta(’09b64408-9310-4451-9a41-0234b45d370e’,’justifyright’)}}Are you a marketplace facilitator or out-of-state business who has received a tax return demand from the California Franchise Tax Board? If so, read this before you respond. We’ve provided the essential background information you need to formulate a plan prior to your response.