If there is one word that makes both individuals and businesspeople alike nervous, it's the word "audit." Even if you're certain that all of your ducks are in a row, knowing that IRS agents are poring over your tax documents is enough to make you lose a little...
Month: August 2016
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Restaurateur receives jail time for hidden, Swiss accounts
Rowen Seibel, a well-known restaurateur, was sentenced to one month of jail time and 300 hours of community service for hiding more than $1 million from the IRS. He hid the funds by using a secret Swiss bank account and Panamanian shell company.It may seem like Mr....
When the IRS comes calling, ask for your attorney
Special agents from the IRS Criminal Investigation Division want to talk to you. What do you do? In an effort to seem cooperative, you may agree to answer their questions. This is often a mistake. In fact, the wisest approach is the same as it would be for law...