The owner of Metro Industrial Wrecking and Environmental Corp. was sentenced to 12 months in prison and ordered to pay $1.2 ...

Long Island contractor sentenced for tax and insurance fraud scheme that denied benefits after fatal job site incident.

Quirino Rotondo, owner of Metro Industrial Wrecking & Environmental Construction, has been sentenced to 12 months in prison and two years of supervised release ...

Bakersfield tax preparer admits guilt in $25 million tax fraud scheme involving stolen identities and fake businesses, facing ...

Civil fraud: If the IRS believes you have committed tax evasion, but the offense is not considered criminal, you could face a penalty of 75% of the tax underpayment attributable to fraud.

Evasion, or fraud, falls on the other side of that line. If these actions are challenged, the taxpayer would lose and be found to violate the law. But tax practitioners don’t think like that .

The Income Tax Department has discovered new instances of fraudulent tax deductions, with individuals shifting previously ...

Tax evasion is a crime, and the consequences are harsh for individuals — up to five years in jail, a $100,000 fine or both. To stay compliant with the law, ...

The former Minneapolis police officer convicted in the 2020 killing of George Floyd pleaded guilty Friday to two tax evasion counts, admitting that he didn't file Minnesota income taxes for two ...

In a Tax Evasion case, the Government must demonstrate the existence of a tax that is due and owed. Meaning, the Government must prove a tax deficiency in order to prove tax evasion.

So tax evasion mainly involves business income — or, rather, “business” income, because it takes place via partnerships and other entities such as S corporations that are mainly accounting ...

Brockman's alleged tax evasion is likely just the tip of the iceberg, the committee found. The Cayman Islands alone have 84,000 entities with GIIN numbers, meaning they are identified as foreign ...