Not wanting to pay more on your taxes than you have to is completely legal. That’s why we have thousands of accountants and tax preparation consultants in this country. Their job is to make sure that you pay only what Uncle Sam demands, and not a penny more. Wanting to keep money in your bank account is a completely natural thing.
While avoiding extra taxes is completely legal, neglecting to pay the proper amount on your taxes isn’t. But where is the line? Especially for those who leave their tax preparation work in the hands of a third party, it can be blurry at best. Knowing exactly what practices will get you flagged by the IRS helps to avoid tax fraud charges.
What Causes an Account to Be Flagged?
An IRS investigator recently spoke with Intuit Quickbooks to provide insider information about what tactics will cause a business to be flagged for tax fraud. The practices he listed included:
- Income not commensurate with expenses
- Concealment of assets
- Lifestyle that far exceeds reported income
- Keeping two sets of books/financial records
- Altered entries in books/financial records
- Photocopied invoices
- Excessive billing discounts
Looking for a Tax Fraud Lawyer in Newark?
If you’ve recently been notified that the IRS is investigating you or your business for tax fraud, it’s imperative that you enlist the services of a qualified tax fraud defense team right away. With the experience of the Law Offices of Robert J. DeGroot on your side, you can be sure that your interests and rights will be protected every step of the way. We’ve helped many private citizens and business owners in the Newark area present a strong defense in tax fraud cases, and we’re ready to do the same for you.
With nearly five decades of experience in defending his clients, Newark attorney Robert J. DeGroot is committed to ensuring that the rights of the defendant are protected. You deserve to have someone in your corner who not only knows what he is doing, but will fight tenaciously to ensure that your rights are protected at every step of the way. Taxes can be confusing, so if you’ve been accused of committing a crime, we are here to help you through a difficult situation.
Contact us for a confidential consultation on your situation today.
