According to a Department of Justice press release, a New Jersey businessman was recently charged with tax evasion after allegedly failing to pay hundreds of thousands of dollars of tax. Although the temptation to underreport income or exaggerate expenses may be strong, the potential life-altering consequences should make taxpayers everywhere decide against it. If you have failed to file a tax return for one or more years or have taken a position on your filed tax return that could not be supported upon an audit or criminal tax investigation / examination by the IRS or state tax authorities, it is in your best interest to seek the assistance of an experienced tax defense attorney.
Note: As long as a taxpayer that has willfully committed tax crimes (potentially including non-filed foreign information returns coupled with affirmative evasion of U.S. income tax on offshore income) self-reports the tax fraud (including a pattern of non-filed returns) through a domestic or offshore voluntary disclosurebefore the IRS has started an audit or criminal tax investigation / prosecution, the taxpayer can ordinarily be successfully brought back into tax compliance and receive a nearly guaranteed pass on criminal tax prosecution and simultaneously often receive a break on the civil penalties that would otherwise apply.
It is imperative that you hire an experienced and reputable criminal tax defense attorney to take you through the voluntary disclosure process. Only an Attorney has the Attorney Client Privilege and Work Product Privileges that will prevent the very professional that you hire from being potentially being forced to become a witness against you, especially where they prepared the returns that need to be amended, in a subsequent criminal tax audit, investigation or prosecution.
Moreover, only an Attorney can enter you into a voluntary disclosure without engaging in the unauthorized practice of law (a crime in itself). Only an Attorney trained in Criminal Tax Defense fully understands the risks and rewards involved in voluntary disclosures and how to protect you if you do not qualify for a voluntary disclosure.
As uniquely qualified and extensively experienced Criminal Tax Defense Tax Attorneys, KovelCPAs and EAs, our firm provides a one stop shop to efficiently achieve the optimal and predictable results that simultaneously protect your liberty and your net worth. See our Testimonials to see what our clients have to say about us!
Court records reveal that David Kushner, of Cresskill, New Jersey, was recently indicted by a federal grand jury on three counts of criminal tax evasion. The indictment came after IRS investigators and federal prosecutors alleged that Kushner earned large amounts of income without reporting it on his annual tax returns. According to federal authorities, Kushner served as a partner at a real estate investing business and a partner and president of a property management business.
In remuneration for his services, Kushner caused the two businesses for which he worked to deposit funds into four bank accounts. Kushner allegedly accessed those accounts and used the deposited funds to pay for personal expenses. At tax time, Kushner allegedly failed to file any tax returns or pay any income tax on the income that he earned from his role as a partner at the real estate and property management businesses, or from any other sources.
The IRS and Department of Justice estimate that Kushner caused a tax loss to the federal government totaling hundreds of thousands of dollars. An indictment does not represent guilt and Kushner is still entitled to a full criminal trial. If convicted, Kushner faces up to five years in federal prison per tax evasion count. Additionally, Kushner could face a term of supervised release and be ordered to pay restitution to the IRS.
As we approach tax time, we are again reminded that although there is an opportunity to be untruthful on our annual tax filings, the potential of spending several years in federal prison and paying what could be hundreds of thousands of dollars in back taxes, interest, and penalties, make the choice untenable. If you have skipped a year or more of filing your individual or business tax returns or have taken a position on a tax return that could be successfully challenged by the IRS or a state taxing authority, you should consult with an experienced tax defense attorney without delay.
Working with a seasoned tax lawyer, you will establish the pertinent facts of your case and develop a strategy to come into compliance with U.S. tax laws without facing criminal prosecution. If you have failed to file tax returns for one or more years, your tax lawyer will help you catch up on your filing obligation. Likewise, if you have underreported income, overstated deductions, or failed to report the existence of a foreign bank account, your tax lawyer can help you correct your return or otherwise rectify the situation with the IRS. In any event, being represented by an experienced tax attorney means that you will not have to go up against the IRS alone.
Regardless of your business or estate needs, the professionals at the Tax Law Offices of David W. Klasing are here for you. We are open for business and our team will help ensure that your business is too. Contact the Law Offices of David W. Klasing today to discuss your business with one of our professionals.
In addition to our main office in Irvine, the Tax Law Offices of David W. Klasing has unstaffed (conference room only) satellite offices in Los Angeles, San Bernardino, Santa Barbara, Panorama City, Oxnard, San Diego, Bakersfield, San Jose, San Francisco, Oakland, Carlsbad and Sacramento. During the COVID-19 pandemic, our staff are working from home, but have full virtual meeting capability.
Our office technology allows clients to meet virtually via GoToMeeting. With end-to-end encryption, strong passwords, and top-rated reliability, no one is messing with your meeting. To schedule a reduced rate initial consultation via GoToMeeting follow this link. Call our office and request a GoToMeeting if you are an existing client.