by bettywilliams | Nov 20, 2020 | Audits, IRS, Tax Crimes
The IRS released its 2020 Criminal Investigation Annual Report touting an impressive achievement over the fiscal year of identifying more than $10 billion in tax fraud and other financial crimes. Despite the pandemic, the division investigated 1,600 cases to thwart...
by bettywilliams | Oct 16, 2020 | Audits, Tax Audits, Tax Crimes
The family of three Dippin Donut stores in New York were figuratively rolling in dough when they allegedly concealed over a million dollars in cash sales by depositing the money into their personal accounts instead of their business accounts. The trio also evaded...
by bettywilliams | Aug 19, 2020 | Audits, Tax Audits, Tax Crimes
The IRS is cautioning businesses that use third-party payroll services to be aware that the business is usually still held legally responsible if any tax filing is done wrong on their behalf. Although most payroll services are legitimate, every year employers are hit...
by bettywilliams | Jul 14, 2020 | Audits, IRS
IRS insiders have indicated that the IRS’ Global High Wealth Industry Group will be targeting hundreds of wealthy taxpayers for audit beginning now and throughout the fall. These audits will likely include the taxpayer’s individual tax return, along with all...
On behalf of Law Office of Williams & Associates, P.C. | Jan 8, 2020 | Audits, EDD, IRS, New Laws, Tax Debt
Nearly a year ago, the U.S. Department of Labor issued an opinion that most “gig economy” workers are properly classified as independent contractors.The gig economy labor market is made up of individuals who complete short-term contracts or freelance work,...
On behalf of Law Office of Williams & Associates, P.C. | Apr 13, 2018 | Audits
The U.S. Department of Labor (DOL) recently launched the Payroll Audit Independent Determination (PAID) program, which is designed to quickly resolve unintentional minimum wage violations under the Fair Labor Standards Act (FLSA) without penalty to qualified...
On behalf of Law Office of Williams & Associates, P.C. | Dec 10, 2015 | Audits
Many individuals come to our firm for assistance handling tax issues after being audited by the IRS. They may need help proving that the tax return they filed was correct, or they may need help arranging an installment agreement, an offer in compromise, or another...
On behalf of Law Office of Williams & Associates, P.C. | Nov 19, 2013 | Audits
One IRS official has indicated that the focus of tax audits concerning small businesses may shift from corporations to varying types of partnerships. This is in part because partnerships have grown in number and have also become more complex.The concern regarding...
On behalf of Law Office of Williams & Associates, P.C. | Oct 4, 2013 | Audits, IRS, Tax Controversy
Despite most lights being out at the IRS, taxpayers can still receive some services at the IRS. Crucial to many tax professionals are the IRS Transcripts of Account. Since it is an automated process, taxpayers can still use automated tools, such as IRS.gov, to request...
On behalf of Law Office of Williams & Associates, P.C. | Sep 14, 2013 | Audits, IRS, Tax Crimes
Despite accusations that the notorious Capone was guilty of directing or committing many crimes through his organized syndication, tax evasion was ultimately the offense the federal government pursued which resulted in Capone’s sentence to federal prison...