The threat of a tax audit is not news to most business owners. While some may be willing to risk the chance of ignoring their tax responsibilities when the outcome is simply fees and financial penalties, that may change when they realize that tax evasion may lead to more than… [Read more]
What is the Difference Between Criminal Tax Evasion and Civil Tax Penalties?
In the eyes of the federal government, there is a vast difference between a criminal tax fraud offense and a civil fraud offense. These differences focus primarily on the different burdens of proofs, penalties, statues of limitations, and defenses available to the taxpayer. For several reasons, often the IRS will… [Read more]
