Anyone in Missouri who has completed -- or attempted to complete -- their own taxes likely knows of the complexity associated with the process. Unfortunately, it is easy to make mistakes. Despite knowing how difficult filing taxes can be, prosecutors may be quick to assume that what is exactly a mistake is an intentional oversight, resulting in accusations of tax evasion.
Everyone has to pay taxes, and everyone usually tries to pay as few taxes as possible. There are a few legal ways to use the tax code to one's advantage. This is generally considered tax avoidance, and it is not necessarily a bad thing. There are also a few illegal ways to exploit the tax system--and this crosses the line into tax evasion.
Any fan of the TV show Seinfeld remembers the classic soup restaurant episode and its now-infamous star character: A chef with strict orders on how customers were allowed to order soup.
Sure, no one likes to pay taxes. Tax evasion is a serious crime, but that doesn’t stop some people from trying to get away with it.
The old cliché is true: The only sure things in life are death and taxes. You only have to die once, but you do have to pay taxes every year. If you fail to pay your taxes on time, you could face serious charges of tax evasion.
Sometimes, the IRS will put special focus on certain things when it comes to tax enforcement. One area that has been getting increased IRS attention lately is the buying and selling of digital currencies, such as bitcoin. Particularly, the IRS has been on the lookout for people avoiding paying taxes on gains made buying and selling such currencies.
Income can be a very sensitive subject for a person. There are a variety of reasons why a person might not want others to know how little, or how much, they make, including embarrassment. This may leave a person tempted to tell lies when asked about their income.
Some tax-related allegations can expose a person to more than just a tax dispute with the Internal Revenue Service. Some could land a person in serious criminal proceedings. Among such accusations is being accused of tax evasion. A person’s freedom and many other key things in their life can be at risk when charges of tax evasion are leveled against them. So, when such charges come up, having the advice of an attorney with a comprehensive understanding of the specifics and issues of criminal cases involving tax matters can be critical.
Tax evasion allegations could come up in relation to a range of different things. This includes certain uses of virtual currencies (like bitcoin). There are concerns that certain aspects of virtual currencies, like the fact that transactions involving this new type of currency tend to involve anonymous parties, could create avenues for illegal tax avoidance. One wonders if a recent report will end up leading to big changes in Internal Revenue Service enforcement and compliance efforts regarding virtual currencies.