Tax resistance in the United States

The Supreme Administrative Court has concluded a tax ruling regarding years 2012-2014: Hoist Finance

Retrieved on: 
Thursday, June 3, 2021
Tax resistance in the United States, Taxation in the United States

STOCKHOLM, June 3, 2021 /PRNewswire/ -- The Swedish Tax Agency has pursued a case against Hoist Finance where the Administrative court of appeal ruled in favour of Hoist Finance, as was communicated on 2 December 2019.

Key Points: 
  • STOCKHOLM, June 3, 2021 /PRNewswire/ -- The Swedish Tax Agency has pursued a case against Hoist Finance where the Administrative court of appeal ruled in favour of Hoist Finance, as was communicated on 2 December 2019.
  • The case was then appealed by the Swedish Tax Agency to the Supreme Administrative Court (the "SAC"), which also ruled in favour of Hoist Finance.
  • The Administrative court of appeal concluded - in contrast to the view of the Tax Agency - that Hoist Finance had the right to utilise the tax losses.
  • The SAC has today favoured Hoist Finance's view and decided to uphold the decision of the Administrative court of appeal.

Should You Use a Loan to Pay Your Tax Bill?

Retrieved on: 
Tuesday, May 4, 2021
Taxation in the United States, Tax, Tax resistance in the United States, Back taxes, Form

But as that deadline fast approaches, you may be wondering if it would be a smart move to pay off the remainder of your tax bill using borrowed funds.\nUsing a loan to pay off your taxes could certainly help you pay on time.

Key Points: 
  • But as that deadline fast approaches, you may be wondering if it would be a smart move to pay off the remainder of your tax bill using borrowed funds.\nUsing a loan to pay off your taxes could certainly help you pay on time.
  • You'll also be charged interest on the unpaid amount.\nThe two most common penalties related to missing the tax deadline are failure-to-file and failure-to-pay.
  • If you owe $3,000 in taxes, failing to file your return by tax day would result in a failure-to-file penalty of $150.
  • Additionally, every day that you wait to file your return increases your risk of becoming a victim of tax identity theft .

From the Tax Law Offices of David W. Klasing - Excerpts from Surviving a High Stakes Tax Audit: A Comprehensive Guide

Retrieved on: 
Tuesday, April 20, 2021
Tax, Taxation in the United States, Revenue services, Income tax audit, Internal Revenue Service, Tax resistance in the United States

Reporting irregularities are found by comparing information supplied by third parties including financial institutions, individuals, and businesses.

Key Points: 
  • Reporting irregularities are found by comparing information supplied by third parties including financial institutions, individuals, and businesses.
  • When a taxpayer's return is flagged by the IRS, they will then determine whether they should investigate the matter, which is the purpose of a tax audit .
  • You may receive notice that an IRS agent wants to further examine the records in question.
  • We can protect you from almost everything except the proper amount of tax liability you should have paid in the first place.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-davi...\nSOURCE Tax Law Offices of David W. Klasing, PC\n"

From the Tax Law Offices of David W. Klasing - How Federal and State Governments Prove You Willfully Engaged in Tax Evasion

Retrieved on: 
Thursday, March 18, 2021
Informal economy, Tax evasion, Tax, Taxation in the United States, Tax resistance in the United States

The Supreme Court allowed the willfulness requirement to be inferred from "any conduct, the likely effect of which would be to mislead or to conceal."

Key Points: 
  • The Supreme Court allowed the willfulness requirement to be inferred from "any conduct, the likely effect of which would be to mislead or to conceal."
  • The Tax Law Offices of David W. Klasing want you to know that you do not have to face the taxing authorities and their investigators without legal defense and accounting representation.
  • To talk to David W. Klasing about your case, call us at (800) 681-1295 for a confidential consultation on schedule online HERE .
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-davi...
    SOURCE Tax Law Offices of David W. Klasing, PC

Non-Disclosure of Foreign Financial Accounts at Ever Increasing Risk of Criminal Tax Prosecution Especially Where Taxable Offshore Income Went Unreported

Retrieved on: 
Tuesday, March 9, 2021
Criminal law, Ignorance, Willful blindness, Taxation in the United States, Willful, Tax resistance in the United States, Tax avoidance

IRVINE, Calif., March 9, 2021 /PRNewswire/ --Defendants faced with criminal prosecution for non-disclosure of foreign financial accounts can face a lowered bar as to what constitutes willful criminal behavior.

Key Points: 
  • IRVINE, Calif., March 9, 2021 /PRNewswire/ --Defendants faced with criminal prosecution for non-disclosure of foreign financial accounts can face a lowered bar as to what constitutes willful criminal behavior.
  • Generally, a jury must be convinced beyond a reasonable doubt that the defendant's willful blindness or other acts were to preserve ignorance of the law.
  • The penalties assessed for a violation largely depend on the frequency of the violation and the amount of income that went unreported.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/non-disclosure-of-foreign-financ...
    SOURCE Tax Law Offices of David W. Klasing, PC

The Boston Tea Party Ships & Museum Offers NEW Virtual 'Tea Talks' Series and Real-time Virtual Field Trips Bringing the Boston Tea Party into Homes and Classrooms

Retrieved on: 
Tuesday, October 27, 2020
Tax resistance in the United States, British East India Company, Boston Harbor, Boston Tea Party, Protests in the United States, Tea Party, Boston, Geography of Massachusetts, Massachusetts, United States

"Every day, the entire team at the Boston Tea Party Ships & Museum is passionate about telling and teaching the story of The Boston Tea Party to visitors," says Shawn P. Ford, Executive Director of the Boston Tea Party Ships & Museum.

Key Points: 
  • "Every day, the entire team at the Boston Tea Party Ships & Museum is passionate about telling and teaching the story of The Boston Tea Party to visitors," says Shawn P. Ford, Executive Director of the Boston Tea Party Ships & Museum.
  • The Boston Tea Party Ships & Museum launches an in-depth, live and interactive monthly series highlighting the myths, truths, and untold stories of the Boston Tea Party.
  • Experts at the Boston Tea Party Ships & Museum discuss the dramatic details of the Boston Tea Party and the lasting legacy of this iconic event.
  • Available dates/times:
    Since 2012, the Boston Tea Party Ships & Museum has been the proud co-producer of the Annual Reenactment of the Boston Tea Party.

From the Tax Law Offices of David W. Klasing - IRS Targeting the Wealthy for Audits and Criminal Tax Investigations

Retrieved on: 
Thursday, October 15, 2020
Taxation in the United States, Tax, Revenue services, Tax evasion, Internal Revenue Service, Income tax in the United States, Tax resistance in the United States, Tax evasion in the United States, Tax noncompliance

IRVINE, Calif., Oct. 15, 2020 /PRNewswire/ --In recent years, the IRS has come under fire from some prominent critics in Congress about the fact that the agency seems to have disproportionately been targeting low-income taxpayers for audits and criminal tax investigations while letting wealthier Americans get away with tax crimes that cost the agency exponentially much more money.

Key Points: 
  • IRVINE, Calif., Oct. 15, 2020 /PRNewswire/ --In recent years, the IRS has come under fire from some prominent critics in Congress about the fact that the agency seems to have disproportionately been targeting low-income taxpayers for audits and criminal tax investigations while letting wealthier Americans get away with tax crimes that cost the agency exponentially much more money.
  • As a result, the IRS has doubled down in the last few years in its efforts to crack down on tax fraud by the wealthiest Americans, announcing a program aimed at auditing those in the highest income brackets and doubling down on its commitment to the "Wealth Squad" unit .
  • If high net worth taxpayers do not voluntarily come forward and enter a domestic and or offshore voluntary disclosure program to correct their noncompliance before the IRS begins auditing or criminally investigating their issues, they will at best, face draconian civil penalties and, at worst, face criminal tax prosecution.
  • If you are a wealthy individual who has filed false, incomplete, or omitted FBARS & foreign information returns and simultaneously understated domestic or offshore taxable income in the past, you should get in contact with an experienced dual licensed International Tax Attorney and CPA like those at the Tax Law Offices of David W. Klasing as soon as possible to minimize civil penalties and avoid criminal tax prosecution.

From the Tax Law Offices of David W. Klasing -Taxpayers are Successful in FBAR Penalty Defense Case

Retrieved on: 
Tuesday, September 1, 2020
Taxation in the United States, Tax, Tax resistance in the United States

A willful violation is subject to a civil penalty equal to the greater of $100,000 or 50 percent of the aggregate balance of accounts reportable on an FBAR, as per 31 U.S.C.

Key Points: 
  • A willful violation is subject to a civil penalty equal to the greater of $100,000 or 50 percent of the aggregate balance of accounts reportable on an FBAR, as per 31 U.S.C.
  • Even if your behavior was an unintentional error, however, you could still end up facing draconian civil penalties, including massive fines.
  • In a recent case the taxpayer's actions were found to be non-willful and he was assessed a penalty of $10,000 per violation.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-davi...
    SOURCE Tax Law Offices of David W. Klasing, PC

Enforcement Notification - Tax Evasion - Robert Kalfayan fined nearly half a million dollars for tax evasion

Retrieved on: 
Wednesday, July 8, 2020
Taxation in the United States, Informal economy, Economy, Tax evasion, Tax evasion in the United States, Tax resistance in the United States, Tax, Tax noncompliance

He was fined $495,614 in relation to the offences, on top of having to pay the income tax and all penalties and interests that apply.

Key Points: 
  • He was fined $495,614 in relation to the offences, on top of having to pay the income tax and all penalties and interests that apply.
  • The CRA has strengthened its ability to criminally investigate those who commit tax crimes, particularly those related to offshore tax evasion.
  • From April 1, 2014, to March 31, 2020, the courts convicted 263 taxpayers for tax evasion of $118,724,181 in federal tax.
  • The CRA has set up a free subscription service to help Canadians stay current on the CRA's enforcement efforts.

From the Tax Law Offices of David W. Klasing - What Factors Are Likely to Lead to a High Stakes IRS Audit?

Retrieved on: 
Monday, June 1, 2020
Tax, Internal Revenue Service, Tax investigation, Taxation in the United States, Tax resistance in the United States

Signs the IRS agent has referred the case to the criminal investigation unit or intends to do so.

Key Points: 
  • Signs the IRS agent has referred the case to the criminal investigation unit or intends to do so.
  • An experienced criminal tax defense attorney will spot these and other warning signs that your case is being considered for criminal tax investigation and will work to mitigate any criminal tax exposure before the matter is taken to the next level.
  • The goal here is to keep your audit civil and therefore just about minimizing the money you will owe.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-davi...
    SOURCE Tax Law Offices of David W. Klasing, PC