With the increased popularity of cryptocurrency, comes the rise of cybercrimes. Cryptocurrency can and is being exploited by criminals using ransomware, hacking tools, and extortion schemes. The Justice Department has created the National Cryptocurrency Enforcement...
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Month: February 2022
Under Report Your Tax Liability? The IRS’ Voluntary Disclosure Program May Be a Good Option For You!
For a variety of reasons, taxpayers sometimes understate tax liabilities to the IRS. The IRS knows this. Tax evasion is a crime. Fortunately for the taxpayer who begins to lose sleep over the misdeed, the IRS has a Voluntary Disclosure program that will let...
IRS Backs Off Collection Letters
The IRS has recognized that continuing to contact taxpayers with automated collection letters is not appropriate given the millions of pieces of mail the IRS has yet to process over the past six months, or longer. The IRS is interested in being helpful to taxpayers...
California Businessman Indicted on Tax Charges
The importance of paying over employment taxes cannot be overstated. Larry Kudsk, a Berkeley construction businessman, learned this the hard way recently when he was indicted on seven counts of failing to pay over employment taxes he withheld from employee’s...