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How to Think Like a Tax Lawyer: Be Aware of Costly TaxEvasion Schemes To Avoid IRS Tax Problems
Tax evasion is not just a problem for the wealthy. Small businesses and sole proprietors have been identified as the largest contributors to the growing tax gap.Now the IRS is cracking down on tax evaders both big and small to narrow that gap. With increased tax audits and aggressive IRS collection tactics, it’s important to know how to avoid IRS tax problems in the first place so you won’t need to hirea tax lawyer later.
FACT:
The IRS reports that tax evasion is a widespread problem that grows each year costing the government an estimated $350 billion in unpaid taxes and creating a tax gapthat grows by 10% each year.
FACT:
The additional tax burden falls on shoulders of honest Americans.
FACT:
Public services that are supported by tax dollars are affected as well.
FACT:
Buying into tax evasion schemes can and will be costly, either in civil or criminalpenalties or both, even imprisonment.The Internal Revenue Service has identified small business and sole proprietorshipowners as the largest contributors to the tax gap. Without significant investigations,there is no way for the government to control skimming or non-reported income byindividuals who are self-employed or run small businesses.While there are huge tax evasion activities happening all over the world, it has beenestimated that the United States Government has collected roughly $350 billion lessthan it is owed by American taxpayers. We’re already seeing the IRS cracking down onboth small businesses and individuals who evade their taxes with an increase intaxauditsand aggressive collection tactics, including bank levies.Tax evasion is not to be confused with tax avoidance. The biggest difference? One islegal, the other is a crime. Tax avoidance is when someone works within existing laws topay the least amount of taxes that the IRS says are due. Tax evasion, on the other hand, is when someone intentionally works outside of existing laws by not paying thetaxes that are owed to the IRS.
6345 Balboa Blvd, Suite 285Encino, CA 91316Phone: (866) IRS-PROBLEMS or (818) 774-1813Fax: (818) 774-9361Web: www.TaxResolution.com
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