Invincible? The IRS extends special treatment to no one. Famous movie star Wesley Snipes was charged with Failure to File Tax Returns from 1999 through 2004. Did he get away with it? No! Even with his fancy expensive lawyers, Wesley Snipes received the maximum penalty for not filing his tax returns - 3 years.
One of the rights you have as a taxepayer is the right to representation. Take advantage of it and hire a tax attorney if you are faced with major IRS problems. Contacting the Internal Revenue Service directly is not recommended. After all, they do not have your best interests at heart. They are considering the best interests of the federal government and their personal career aspirations. They are not likely to work things out in your favor; they are more inclined to work things out in favor of the federal government.
The Crime: Not reporting your income is a crime. There are a lot of freelance workers that think they can hide their money in offshore accounts like Helio Castroneves did. You can move your income to any bank you want. But you better report that money to the IRS if you want to stay out of jail and avoid extravagant fines.
Accountants, Beware: Helio Castroneves is not the only one who's in hot water with the IRS. His business manager and sister Katiucia Castroneves also faces criminal charges for Tax Evasion. So my advice to Accountants and business managers is this: do not act illegally thinking you can avoid the blame. You and your client will face the charges together.
If you are facing the possibility of being charged with income tax evasion, you need to hire a tax attorney right away. Forget trying to negotiate with the Internal Revenue Service yourself. At this point, the Internal Revenue Service not only sees you as an uncooperative taxpayer, but as a criminal. You are going to need good, professional representation if you are going to avoid jail time.
Bottom Line: The IRS doesn't care about your social status. The IRS only cares about one thing- getting their money. You may have dodged the IRS for now, but just like they caught up to Wesley Snipes- they WILL catch up to you. Don't hesitate in settling your Tax Debts!
One of the rights you have as a taxepayer is the right to representation. Take advantage of it and hire a tax attorney if you are faced with major IRS problems. Contacting the Internal Revenue Service directly is not recommended. After all, they do not have your best interests at heart. They are considering the best interests of the federal government and their personal career aspirations. They are not likely to work things out in your favor; they are more inclined to work things out in favor of the federal government.
The Crime: Not reporting your income is a crime. There are a lot of freelance workers that think they can hide their money in offshore accounts like Helio Castroneves did. You can move your income to any bank you want. But you better report that money to the IRS if you want to stay out of jail and avoid extravagant fines.
Accountants, Beware: Helio Castroneves is not the only one who's in hot water with the IRS. His business manager and sister Katiucia Castroneves also faces criminal charges for Tax Evasion. So my advice to Accountants and business managers is this: do not act illegally thinking you can avoid the blame. You and your client will face the charges together.
If you are facing the possibility of being charged with income tax evasion, you need to hire a tax attorney right away. Forget trying to negotiate with the Internal Revenue Service yourself. At this point, the Internal Revenue Service not only sees you as an uncooperative taxpayer, but as a criminal. You are going to need good, professional representation if you are going to avoid jail time.
Bottom Line: The IRS doesn't care about your social status. The IRS only cares about one thing- getting their money. You may have dodged the IRS for now, but just like they caught up to Wesley Snipes- they WILL catch up to you. Don't hesitate in settling your Tax Debts!
About the Author:
Frank Miller has a Debt Consolidation Blog & Finance, these are some of the articles: Pay Day Loan Possibilities In Outlaw States You have full permission to reprint this article provided this box is kept unchanged.
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