Check Cashing, Tax Evasion, Structuring and Asset Forfeiture; The Making of a Bad Day

By Sanford Millar of MillarLaw A Professional Corporation On Monday, August 31, 2015

The following fact pattern should is representative of a tax evasion and structuring case. A taxpayer receives checks in the ordinary course of business from customers. Some of those checks are deposited into the business bank account and some are cashed. The cashed checks don’t equal or exceed $10,000. The cash is then deposited into … Continue reading Check Cashing, Tax Evasion, Structuring and Asset Forfeiture; The Making of a Bad Day

Cash Payments to Workers; Convenience or Crime?

By Sanford Millar of MillarLaw A Professional Corporation On Sunday, August 23, 2015

A common technique used to pay immigrants who are ineligible to lawfully work and to pay lawful workers “offbook” in order to reduce reported payroll for workers compensation and other purposes is to pay workers wholly or partially in cash.  Those employers paying in cash are often misclassifying the workers as independent contractors, in order … Continue reading Cash Payments to Workers; Convenience or Crime?

Cash Businesses, Poor Records and Obstruction Charges, Ouch!

By Sanford Millar of MillarLaw A Professional Corporation On Sunday, August 16, 2015

Cash business operators are often prone to under report income or overstate deductions when filing tax returns. The effect of engaging in such conduct can be criminal charges, including tax evasion, money laundering and conspiracy to obstruct justice.  The proliferation of Information Exchange Agreements between, local, state and federal taxing authorities makes the possibility of  … Continue reading Cash Businesses, Poor Records and Obstruction Charges, Ouch!

Can Spys and Criminals Make Voluntary Disclosures?

By Sanford Millar of MillarLaw A Professional Corporation On Monday, August 10, 2015

A recent article about convicted spy Jonathan Pollard speculated about the effects on his parole if he had an unreported foreign financial account. The simple truth is that Mr. Pollard would be ineligible for the Offshore Voluntary Disclosure Program (OVDP) if he held direct or beneficial ownership in a foreign financial account(s) which had $10,000 … Continue reading Can Spys and Criminals Make Voluntary Disclosures?

Chart of Tax Law Changes made by the Federal Highway Bill

By Sanford Millar of MillarLaw A Professional Corporation On Tuesday, August 4, 2015

Federal Highway Bill HR 3236 Tax Law Changes.docx

IRS-State Information Sharing Agreements

By Sanford Millar of MillarLaw A Professional Corporation On Sunday, August 2, 2015

The IRS published a list of Information Exchange  agreements it has with state agencies, a copy of which is available here IRS State Information Exchange Table.pdf The disclosure of this list may help taxpayer’s and practitioner’s determine when and possibly whether to file late or amended state or municipal returns. Example 1:  Assume a taxpayer … Continue reading IRS-State Information Sharing Agreements