 |
If you desire to ask a specific question feel free to contact us.
Opinions are FREE.
|
|
the CPA Moms * Tax Fraud IRS
Fraud - Tax Fraud
Michael Russell
In this article we're going to go over a type of fraud that can hit you in multiple directions.
This is tax fraud.
Article to continue below----------------------------------------------
School Board Supporting Sales Tax Increase (The Jacksonville Daily News)
The Onslow Board of Education is supporting the local sales tax option. Its members deferred consideration of a resolution endorsing the quarter percent sales tax hike referendum, which will appear before...
----------------------------------------------------------------------------
There is an old saying that what goes around comes around. Tax fraud may be the first thing the gods were talking about when they came up with that one. See, a person who commits tax fraud may very well end up being a victim himself. We'll explain how shortly.
So what exactly is tax fraud? Simply put, tax fraud is the attempt of an individual or corporation to evade having to pay income taxes to the federal or state government, or at least an attempt to reduce their tax burden. This is probably the most common type of fraud in the United States today.
Article to continue below----------------------------------------------
D.C. Finally Gets Smart, Becomes First U.S. City To Give Out FREE Female Condoms!!! (Bossip)
We clown a lot on here, but AIDs is no joke! We’re actually relieved to see that the District of Columbia is stepping up by becoming the first U.S. city to give out the condoms for free. The sad...
---------------------------------------------------------------------------
The truth is, many people engage in tax fraud to some degree. Some just engage in it more so than others. The mildest of offenders may report a little more charitable deduction than what they really gave to their church, Salvation Army, or local police department. While the amount of money they save may be a relative drop in the bucket, it is still fraud just the same. Others may report medical expenses they paid that were eventually reimbursed to them. Because this is very hard to check most of these deductions go unnoticed.
But the big problems are the ones caused by the very wealthy and the large corporations. These are the people the government rely on for a bulk of their income and these are the people who, when income tax time comes around, end up paying less than some folks who don't have two nickels to rub together. The variety of schemes these wealthy people and corporations use to evade paying taxes is numerous to say the least, from bogus or greatly inflated entertainment expenses to bogus tax shelters.
And that is where sometimes the practice of these frauds comes back to bite these people. All too often when an individual or corporation commits tax fraud through some tax shelter scheme what ultimately ends up happening way too often is the person or company offering the scheme takes the individual's or corporation's money and runs off with it, never to be seen again. This is where the saying what goes around comes around comes in. The individual or corporation can't report the crime because they had intended to commit a crime themselves. So what happens is they have to eat their loss. Some would say that they got their just desserts. Unfortunately the number of individuals and corporations that get away with tax fraud far outnumber the ones who get caught or end up having their money take an unexpected trip to an overseas account.
There is really very little one can do about tax fraud as the smart individuals and corporations are usually very good at this. The only thing you can do if you suspect someone is committing tax fraud is report this activity to the IRS. You can do this by either calling their toll free number, mailing to them or going to one of their walk in offices.
Michael Russell
Your Independent guide to Fraud
Who are the CPA Moms? Your Tax Professional Forever!!!!
|
“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
|
|
Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.
|
|
|
To be a member a CPA Mom, Tax Moms, or an Erolled Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
|
|
Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.
|
|
|
Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
|
|
For reliability and dependability of Tax Net, Inc, the parent company of the “Moms” organization click on the Better Business Bureau (BBB) icon. To Join CPA Moms
|
|
|
Index of Articles about the CPA Moms
What Other Authors say about the CPA Moms
Panama: The Benefits of this Jurisdiction for your IBC
by Richard Price
Why use the jurisdiction of Panama for your IBC? Does 'no income tax', 'no capital gains tax' and 'no estate tax' capture your attention? If so, read on…Panama constitution provides the highest levels...
Get Help From A Tax Attorney
by David C Skul
All the people have to handle tax problems, which can be very difficult if you have to manage these troubles by yourself. And things can get worse if one day the IRS comes knocking on your door. You don't...
Working or contracting abroad
by Dylan Brent
Are you heading overseas to find your dream job, or have you been offered an opportunity to work in another country. if so, there are some tax matters to organize and resolve when you take on overseas...
Tax Returns for the Deceased
by Richard A. Chapo
Two things in life are certain - death and taxes. Here's what to do if the two are combined as far as filing a tax return. Tax Returns for the DeceasedIf a person dies, their finances are immediately converted...
California State Controller announces delay for tax refunds
by
Due to the state's persistent cash and budget problems, the State Controller announced on Friday, January 16, 2009 that he will have to delay refunds for 30 days starting February 1, 2009 for Personal...
In the articles shown above on this web site you will find information that has been collected from many independent sources. Each article or item may offers a different point of view, but not necessary that of the CPA Mom's. This information is for general information only.
|
