Tag: civil fraud

By Sanford Millar of MillarLaw A Professional Corporation On Monday, April 25, 2016

California has a multi-agency task force known as the Revenue Recovery and Enforcement Team that was established to attack criminal tax evasion.  The stated goals of the team are: (a) According to the State Board of Equalization, an estimated nine billion dollars ($9,000,000,000) in corporate, personal, and sales and use taxes goes uncollected in California … Continue reading California Steps Up Criminal Tax Enforcement

By of MillarLaw A Professional Corporation On Saturday, February 7, 2015

What happens when a taxpayer operates a cash based business and lacks adequate books and records according to the IRS? The IRS can use any reasonable method to reconstruct the taxpayers income and expenses. (See, Estate of Rodrigo F. Fenta, et al. v. Commissioner, TC Summary Opinion 2015-4 ) In the opinion the court states … Continue reading Cash Based Business? Have Good Books and Records