According to a Department of Justice press release, a New York man recently pleaded guilty to three counts of tax evasion after he intentionally underreported his income, causing an underpayment of tax. If you have failed to file a business or individual income tax return for one or more years, or have filed a tax return containing information that could not be supported upon examination, it is in your best interest to seek assistance from an experienced tax defense attorney in order to avoid a criminal tax prosecution.
Court records reveal that David Seruya was the owner and operator of a New Jersey home warranty company. In 2014, a third party offered to purchase the entire company from Seruya for more than $4.1 million. When it came time for the defendant to file his individual income tax return, he provided false information about the amount of income he had earned from the sale of his business to his income tax preparer. The defendant’s untruthfulness with his income tax preparer resulted in false income tax returns for tax years 2014 through 2016. Additionally, Seruya’s guilty plea includes admitting that he evaded taxes for the 2010 through 2013 tax years, stemming from issues unrelated to the sale of his business.
A date for sentencing has not yet been set. Seruya faces up to five years in federal prison for each count of tax evasion. Additionally, Seruya may be ordered to serve a period of supervised release, to commence upon the completion of any term of physical imprisonment. Finally, the defendant will likely be ordered to pay restitution, representing the total amount of tax loss caused.
The defendant in the above case was likely trying to minimize the amount of tax due on the sale of his business through a method that he likely believed could go undetected. Unfortunately for him (and many other taxpayers who have attempted to sidestep the tax system in the same manner), the IRS has ratcheted up its tax enforcement efforts, specifically eyeing those who have intentionally underreported substantial amounts of income.
If you have failed to file a business or individual income tax return for one or more years, or have filed a tax return containing information that was knowingly false, you should seek assistance from an experienced tax defense attorney. Together, you will work with your seasoned tax attorney to establish the pertinent facts of your case. Then, you will mutually agree on the next steps to bring you into tax compliance while attempting to minimize civil and criminal repercussions.
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.
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If you are dealing with serious tax matters, you deserve tax assistance that you can rely on. Schedule your first reduced-rate case evaluation with our Criminal Tax Defense Lawyers by calling (800) 681-1295 today or schedule online here.
If you have failed to file a tax return for one or more years or have taken a position on a tax return that could not be supported upon an IRS or state tax authority audit, eggshell audit, reverse eggshell audit, or criminal tax investigation, it is in your best interest to contact an experienced tax defense attorney to determine your best route back into federal or state tax compliance without facing criminal prosecution.
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 disclosure before 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, Kovel CPAs 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!