Legal

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The Killing of Kajieme Powell and How It Divides Americans

August 22, 2014 | Posted in: Legal

The mentally disturbed man was shot to death by St. Louis law-enforcement officers after walking toward them with a knife. Video of the incident has sparked debate about the police's reaction. The police officers who shot and killed Kajieme Powell, 25, in St. Louis, Missouri, on Tuesday did so while being recorded by a man with a cell phone camera. St. Louis Police Chief Sam Dotson and police union officials say the video is exculpatory and that the two officers on the scene followed proper protocol. Many who've watched the shooting grant that the police were put in a difficult, volatile, potentially deadly situation, but still feel that their actions were wrongheaded. The footage certain to be debated in coming days begins at the 1:20 mark. Be forewarned that the video shows a man being shot repeatedly and killed. Due to its disturbing nature some readers may prefer to skip watching...
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Legal Council for Offshore Tax Investigations

June 28, 2013 | Posted in: Legal

Guest post is provided by the Law Offices of Jeffrey B. Kahn, P.C., a trusted Orange County tax lawyer. View the website for more details. The IRS is coming down much harder on those who they believe are evading taxes with offshore accounts in recent years. Since 2009, the government entity as allowed for IRS Offshore Voluntary Disclosure to come clean and avoid going to jail. Bankers, intermediaries and taxpayers are all targets for these increasing investigations. They are planning a way to deter future taxpayers from hiding income in offshore accounts and ultimately pay less in taxes. The IRS believes this kind of behavior hurts the government, and the United States as a whole, and are willing to do whatever it takes to bring out those who involve themselves in tax fraud. Form TD F 90-22.1 allows business owners to report their income stored in foreign financial accounts...
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Tax Evasion is a serious crime

March 20, 2013 | Posted in: Legal

Tax evasion refers to attempts by individuals, corporations or trusts to avoid paying the total amount of taxes owed through illegal means, known as tax evasion fraud. This may include underreporting income, misrepresenting deductions, offshore tax evasion strategies, or or failing to file returns in a timely manner. Tax evasion penalties can have serious repercussions. The government imposes serious tax evasion sentence and penalties on offenders, including prison terms and hefty fines, for tax evasion.
Cost of Tax Evasion The U.S. government estimates that approximately 3 percent of taxpayers do not file tax returns at all. While not filing taxes can involve both civil and criminal penalties, these are usually related to the amount of tax owed. For example, if a taxpayer does not owe any taxes, the penalties for not filing are less serious. However, failing to file a tax return for a year in which you do owe taxes is...
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