Fraud & Internal Revenue Service (IRS)

​The Internal Revenue Service (IRS)  is serious about holding people accountable for fraudulent activities, which may have been once overlooked or dealt with by a mere ‘slap on the wrist’ , but now those fraudulent acts are being dealt with by prosecuting them. Those prosecutions eventually lead to steep fines and/or imprisonment. Please note that the IRS will prosecute for Failing to Pay Employment Tax; Failing to File a Tax Return; and Failing to Report Foreign Accounts (FBAR), among other frauds. According to the Department of Justice, Tax Division, cases include the following:
Tax Preparation Fraud / False Tax Returns
Tennessee – Two Women Plead Guilty, Ms. Tracey Brown of Total Tax Services of Nashville, TN & Ms.Michelle Theus of Cole Tax Services in La Vergne, TN.
Utah - Mr. Webber, Business Owner – Dealing in Firearms without a license and filing false tax returns.
Maryland – Mr. Cornell M. Jones, Jr.
Florida – Mr. Renel Herard of Herard Tax Services and Herard Security & Training Inc.

Foreign Bank Accounts (FBAR)
Connecticut – Undeclared Bank Account, Mr. Saul Hyatt
Michigan – Concealing Swiss Bank Account, Mr. Bernhard Rumbold
 
Tax Refund Fraud Scheme
Mr. Lawrence Collins and Icy Love Martin, and Mystique of Portland, OR
 
Tax Evasion 
Greensboro, North Carolina - Mr. Henti Lucian Baird
St. Louis, MO – Mr. Semere Tsehaye of Instant Tax Service, A&S Tax Service LLC and ERI Enterprise LLC
 
Failing to File Income Tax Returns
Massachusetts – Mr. Keith Eaton
 
Failing to Pay Employment Tax
West Virginia – Mr. Michael Taylor & Ms, Jeanette Taylor of Taylor Contracting Y Taylor Ready-Mix LLC
 
Identity Theft
Alabama - Mr. Kenneth Fearson

The list goes on and on and it’s growing. Fraud is not okay. The price for fraud is much higher than the benefit received from committing the fraud. We encourage you to speak to your CPA or Tax Professional to discuss strategies within the confines of the law about how to take advantage of allowable tax credits, deductions, etc. – the right way. It starts with proper recordkeeping, resulting in proper financials, and eventually correctly prepared tax returns.

Please contact us at (786) 715-6781 or dsl@taxlargiecpa.com for a FREE consultation on your business needs. We'd love to help you organize, grow, prepare and file your financial and tax reports timely.