The Good, the Bad and the Ugly of Opting Out of the OVDI
Michael J. DeBlis examines the Offshore Voluntary Disclosure Initiative and provides an overview of the FBAR fundamentals.
Crimes Under the IRC – Part 2 of 2 parts: Crimes of Commission: Tax Perjury, Aiding Another and Hiding Assets
Knowingly filing a false tax return and aiding another to do so are violations of the IRC, Section 7206. Briefly summarized, those violations encompass: Tax perjury — knowingly signing a false tax return that is false Willfully aiding another person to commit tax fraud Hiding assets with the intent to evade or defeat the assessment […]
Crimes Under the IRC – Part 1 of 2 parts: Failure to File, Supply Information or Pay Tax
Underpinning the vast power of the IRS to collect our tax money is the Internal Revenue Code (26 U.S.C), hereafter referred to as the IRC. Subtitle F, Chapter 75, Subchapter A, of the IRC lists the crimes and punishments for anyone convicted of violating our tax law. The most common violations of the IRC are […]