Ways to Reduce Your Chances of Being Audited

Most dislike being audited by the IRS. Not only can it potentially cost a lot of money in taxes, penalties and interest, but it is a big hassle even if the IRS does not make any changes. While it is impossible to avoid all risk of an IRS audit, there are things you can do to reduce the risk of having to go through this experience. Review Your Business Entity Status If you are a business owner, you will want to Read More

White-Collar Crime: Embezzlement Explained

One of the most common forms of white-collar crime is embezzlement. At its core, embezzlement is a crime of a violation of trust more than anything else. In order to be classified as embezzlement, the person committing the crime must have legal access to the property or other assets that they took. Where their actions become criminal is that they take the assets that they have access to and use it for their own Read More

What You Need to Know About the US Tax Court

If you have a dispute with the IRS, it may make it all the way up to the US Tax Court. This is the court where you as the taxpayer file a lawsuit against the IRS saying that what the IRS claimed in its audit was incorrect and that your claims are valid. The US Tax Court is unlike most courts in that it doesn’t determine guilt or innocence, but simply resolves a disagreement between the IRS and a taxpayer. Learning Read More

Called as a Witness? 5 Reasons You Need a Lawyer

If you have been notified by the courts that you need to come in to testify as a witness to a crime or other event, you need to take it very seriously. Many people make the mistake of assuming that speaking as a witness is a minor task that can’t really cause any problems. The reality is, however, that witnesses have a variety of obligations to the court, and if you don’t meet them, it can cause serious legal Read More

What You Need to Know About the New Offshore and Domestic Voluntary Disclosure Guidelines

For nearly a decade, the IRS had a program known as the Offshore Voluntary Disclosure Program (OVDP) in place to help taxpayers minimize penalties and avoid criminal liability when they voluntarily reported hidden offshore bank accounts. While this was considered by many to be an effective program, the IRS ended it in September of 2018. In November of 2018, the IRS announced what is considered to be the replacement Read More

IRS Releases New Guidance on Voluntary Tax Disclosures

Written by McNair Law Firm Dec. 3 2018 https://www.jdsupra.com/legalnews/irs-releases-new-guidance-on-voluntary-85195/ A bedrock of IRS administrative practice has been the voluntary disclosure. Where an individual or business has not filed tax returns or believes they may have criminal tax exposure for prior actions, IRS procedures have long-sanctioned a form of  “criminal tax amnesty” if the taxpayer Read More

NYT: U.S. Prosecutors Bring Their First Charges Over the Panama Papers

By Jesse Drucker Dec. 4, 2018 https://www.nytimes.com/2018/12/04/business/panama-papers-indictment.html Federal prosecutors in Manhattan unsealed an indictment on Tuesday that contained the first charges brought in the United States in connection with the so-called Panama Papers leak. The indictment, which a grand jury returned in late September, names four men connected to Mossack Fonseca, the Read More

A Brief Guide to the Different Types of IRS Audits

Getting an audit notice from the IRS is every taxpayer’s worst nightmare. It makes sense that such a notice would cause some anxiety and concern. Remember that an audit notice can happen for a number of reasons. From random selection to actual cause, getting a notice doesn’t necessarily mean that something is wrong. There are three main types of audits with varying degrees of involvement. So, if you’ve received a Read More

Understanding How a Jury Is Selected

The right to a trial by jury in criminal cases is guaranteed in the United States by the Sixth Amendment to the U.S. Constitution. The process of jury selection is called voir dire and involves the random selection of jurors from a jury pool, followed by the subsequent selection of 6 to 12 jurors depending on the type of case and whether the case is in federal court or state court. During voir dire, generally the Read More

Criminal Law 101: What the Arrest Process Looks Like

The phrase, “You are under arrest,” is never something you want to hear. But unfortunately, getting arrested happens, and regardless of the reason - whether you’re arrested during the alleged commission of a crime or at some other time under suspicion of one - there’s never going to be a time when you feel fully prepared. However, one of the most important things that you can do is to learn as much as you can about Read More