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St. Louis Tax Law Blog

Doctor cites bad advice in tax evasion case

There is no doubt that filing taxes can be a complicated process. As such, many people in Missouri and across the country often seek advice on certain tax-related issues. Unfortunately, incorrect information could potentially result in serious criminal charges, such as tax evasion.

In fact, a man in another state was recently sentenced to prison after he pleaded guilty to a felony charge of attempt to evade or defeat tax. He claims that after he paid $15,000 to tax agencies that were "legitimate," he turned to tax help groups. He further states that it was advice from these groups that led to his legal troubles.

Are you facing wage garnishment from the IRS?

Almost everyone grumbles during tax season when they have to go through all of their financial paperwork and make sure their information is correct before filing their forms with the IRS. It is common for that grumbling to become more pronounced when individuals find out that they owe more taxes. For some, owing taxes can be a significant burden.

You may be among the many people who have not been able to meet their tax obligations. You may face other financial issues that have resulted in an inability to pay, and though you want to get your affairs in order, you may not know how. Now, your situation seems even more dire because the IRS has started garnishing your wages.

Man pleads guilty in tax evasion case

Running a business in Missouri and other areas across the country is often a complex task. In many cases, business owners must multiple different decisions that could ultimately have a significant impact on the businesses. Unfortunately, some decisions could ultimately have legal consequences. For example, mistakes made when filing federal income taxes could ultimately result in accusations of tax evasion.

In fact, a man in another state recently pleaded guilty to such charges. The 47-year-old man reportedly owned several businesses in which he was contracted to provide payroll services to small businesses. As part of his responsibilities to the companies, he collected federal employment taxes.

Does the IRS expect you to pay taxes as a permanent resident?

With all of the news regarding immigration laws these days, you may have numerous questions about your status here in the U.S. One of those questions may be whether the IRS expects you to pay income taxes.

If you have a substantial presence in this country, the IRS will expect you to pay income taxes on any monies you earn here in the U.S. as well as anywhere else in the world. If you are a new permanent resident, gaining a basic understanding of how the taxation system works in this country might prove useful.

Executive pleads guilty to several charges, including tax evasion

Every person in Missouri and across the country has something at which they excel. For many, their strengths often lead them to the career, such as money management, that will support them for the rest of their lives. Unfortunately, one man who ran a business managing money recently pleaded guilty to tax evasion and other criminal charges following a federal investigation.

The case involves a 50-year-old man who ran a company called Time Payroll from 2013 to 2017. According to claims by federal investigators, the man conducted a tax fraud scheme that ultimately resulted in losses exceeding $9.4 million to the Internal Revenue Service and his clients. He is accused of transferring money from his clients' accounts to his personal brokerage accounts and failing to pay employment taxes for his clients.

Could you be involved in a tax crime without realizing it?

Like most other people in Missouri, you don't want to pay one penny more in taxes than is absolutely necessary. In your pursuit of a way to do just that, you may have come across what you think might help you meet your goal.

You may have become involved in what someone told you was a legal way to avoid paying taxes on certain funds by keeping them in an offshore account, only to find out that the IRS has you under investigation for participating in an abusive offshore tax scheme.

Even with a side gig, you have self-employment tax obligations

These days, it is common for people to have "side gigs" or "side hustles" that allow them to earn extra income or even the entirety of their income after a time. Often, these gigs come from acting as independent contractors for larger businesses like Uber or from selling hobby items online with sites like Etsy. While you may appreciate the income that these actions generate, you may not fully realize that you have become a small business owner.

Even when you perform duties for a larger company, if you are an independent contractor, you essentially still work for yourself. You provide a service for which people pay you, and you often get to set your own working hours. While this may seem like an ideal setup, you will want to remember that working for yourself has certain tax implications.

Couple enters guilty pleas in federal tax evasion case

Anyone who runs a business in Missouri or other areas of the country is likely aware of how difficult it can be. This can be especially true for smaller businesses in which the owner is left to perform many roles -- many of which he or she has little experience. Unfortunately, a couple in another state who were the subject of federal tax evasion allegations recently pleaded guilty to the charges they were facing. 

The case involves a couple who owned the car washing businesses Splash Car Wash and Pro Sweep Plus. According to federal law enforcement officers, they skimmed money from their business and did not report income on their returns. Reports claim that although they earned more than $5 million in receipts from 2011 to 2013, they only paid just over $10,000 in taxes.

What is an IRS CI financial investigation?

IRS CI stands for Internal Revenue Service Criminal Investigation. This arm of the IRS conducts investigations into alleged violations of the Bank Secrecy Act, allegations of money laundering and accusations of violations of the U.S. Tax Code. It uses the latest in computer forensics and document examination to perform the majority of its duties.

During a financial investigation, the IRS CI will examine an extensive number of documents relating to your life. This could include real estate records, motor vehicle records and bank records just to start. Investigators will examine your computer and work to decrypt passwords and encrypted files. If you face an IRS CI financial investigation, you may want to obtain legal counsel as quickly as possible. Reportedly, this unit's success rate is the highest in the federal system.

Reality television family accused of tax evasion

People who have television success often experience a larger amount of scrutiny in a variety of different ways. This is especially true if those people are accused or suspected of committing a crime. In fact, many people in Missouri and across the country are likely following the story of Todd and Julie Chrisley after they were accused of tax evasion and other charges.

The Chrisley family is featured on the show "Chrisley Knows Best" that airs on USA. However, federal law enforcement officers claim that the couple worked to hide their income from the show from the IRS. The couple allegedly created a company that was the recipient of the funds from that show. However, they are accused of failing to include the income from their show on their income tax returns.

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