Happy Holidays – There is a Budget Deal, Now Look Out
The just passed budget deal known as Consolidated and Further Continuing Appropriations Act, 2015 contains a reduction in funding for the IRS. The Bill provides a reduction in total IRS funding of $346...
View ArticleCash Businesses, Poor Records and Obstruction Charges, Ouch!
Cash business operators are often prone to under report income or overstate deductions when filing tax returns. The effect of engaging in such conduct can be criminal charges, including tax evasion,...
View ArticleCash Payments to Workers; Convenience or Crime?
A common technique used to pay immigrants who are ineligible to lawfully work and to pay lawful workers “offbook” in order to reduce reported payroll for workers compensation and other purposes is to...
View ArticleUse of Shell Companies To Shield Identity Further Limited
On July 27, 2016 the Financial Crimes Enforcement Network, (FinCEN) of the Department of the Treasury issued expanded Geographic Targeting Orders (GTO) that will: “temporarily require U.S. title...
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