Tis the season for taxes! Making sure you’re submitting truthful information to the IRS is imperative to avoiding fines or harsher penalties. When it comes to taxes, details matter and so does intent. Keep reading to learn more about the difference between tax fraud and negligence. Tax Fraud Tax fraud is the intentional act of […]
Common Tax Schemes to Know This Tax Season
February 26, 2024 by ·
Tax schemes peak during this time of year when people are preparing to file their tax returns or looking to hire someone to help with their taxes. Being aware of what seems “too good to be true” is especially important during this time. Keep reading to learn more about common tax schemes and how to […]
Is Tax Evasion a Felony in New Jersey?
January 30, 2024 by ·
Raise your hand if you enjoy paying taxes? You didn’t raise your hand, did you? Paying taxes isn’t fun, but evading taxes can lead to some very hefty fines–especially in New Jersey. Keep reading to learn what tax evasion is, how to avoid it, and how to seek help if you’re accused of it. Tax […]
Tax Fraud vs. Tax Evasion: What It Is & How to Protect Yourself if Accused
January 15, 2024 by ·
While both considered criminal offenses, tax fraud and tax evasion differ in the nature of the offense. There are penalties for both, but tax evasion carries even harsher consequences. Keep reading to learn more and understand how to protect yourself if you’re accused of either. Tax Fraud vs. Tax Evasion Tax fraud and tax evasion […]
Why is Tax Evasion a Crime but Tax Planning Isn’t?
April 4, 2023 by ·
Paying taxes is a necessary obligation for all who earn an income, but if you know what you’re doing, you could legally save yourself a lot of money and stress when it comes to taxes. Tax planning and tax evasion represent ways of saving money on taxes, but one is legal and one is not. […]
I’m the Taxman
July 10, 2021 by ·
It was American Founding Father Benjamin Franklin who famously stated, “In this world nothing can be said to be certain, except for death and taxes,” but it was George Harrison who said, “Now my advice for those who die/Declare the pennies on your eyes” a lyric featured in one of The Beatles most famous songs, […]
