by bettywilliams | Jan 13, 2021 | IRS, Tax Audits, Tax Crimes
A San Diego restaurant manager with over 110 employees plead guilty to employment tax fraud this week. The manager has agreed to pay over $2.2 million in restitution to settle the $1.5 million tax loss he caused to the IRS by paying his personal income taxes rather...
by bettywilliams | Jan 13, 2021 | IRS
It is no surprise the IRS, along with the rest of us, was affected by the COVID-19 pandemic. In her annual report to Congress, the National Taxpayer Advocate, Erin Collins, summarized the problems faced by the IRS including delays in issuing refunds due to backlogs,...
by bettywilliams | Dec 2, 2020 | CDTFA, IRS, New Laws
On its face, deferral from paying over sales tax collected by California businesses may sound like a good idea. As a seasoned tax attorney, I can tell you the many reasons this is a bad idea and I urge businesses not to fall for this “relief” which really is just a...
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 | Nov 16, 2020 | IRS, New Laws
Many business owners are anxiously awaiting the proposed regulations regarding the types of State and local income taxes paid by a partnership or S corporation that may be deducted without the $10,000 limitation ($5,000 for individuals or married individuals filing a...
by bettywilliams | Nov 3, 2020 | Back Taxes & Tax Debt, Firm News, IRS, Tax Debt
The IRS announced today that it will help taxpayers who have an Installment Agreement with the IRS but cannot pay their new tax balances by adding the balance to the existing Installment Agreement if the taxpayer qualifies. If you owe the IRS tax payments for past...
by bettywilliams | Nov 3, 2020 | Back Taxes & Tax Debt, IRS, Tax Debt
The IRS announced today that it will help taxpayers who owe less than $250,000 set up an Installment Agreement without submitting the typical plethora of documents and financial statements. If you owe the IRS tax payments for past years, contact one of our attorneys...
by bettywilliams | Jul 20, 2020 | IRS, Tax Crimes
In the IRS’ annual “Dirty Dozen” list of tax scams for the year, taxpayers are urged to watch for some of the old tricks, like fake e-mail messages or threatening phone calls by those purporting to be the IRS, to newer scams of fraudsters posing as fake charities...
by bettywilliams | Jul 15, 2020 | IRS, Tax Audits, Tax Crimes
The Department of Justice and U.S. Attorneys’ Offices around the Nation regularly investigate and prosecute tax preparers who prepare and file fraudulent income tax returns with the IRS. These government agencies are now seeking out those fraudsters who have filed...
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...
