Tax fraud is a white collar crime involving offenses like tax evasion, non filing of tax returns, non declaration of income and assets, misrepresentation of conditions for exemption, forgery, and any other crimes related to the payment of taxes. Tax fraud attorneys are lawyers who fight criminal cases on behalf of those charged with tax fraud.
Tax fraud attorneys, unlike attorneys handling income or business tax, are employed only after a person or organization has been charged with tax fraud. They don't generally advise on tax planning or filing of returns, but are hired after a person suspects he may be under investigation, or when authorities start a tax audit.
A skillful tax fraud attorney will negotiate with the authorities on behalf of his client and draw attention to mitigating circumstances.
Navigating between tax planning and tax fraud is risky for a person without proper knowledge of tax laws. For example, many tax frauds are committed when sham tax preparers misguide tax payers. If an attorney can prove that fraud was committed in ignorance and without mal intent, it can lead to a lenient sentence or charges being dropped altogether.
The recent KPMG LLP case illustrates how defense attorneys were able to convince authorities to let the firm off with a $456 million fine when they were tried for withholding billions of dollars in taxes by pointing out that most KPMG employees would lose their jobs if the firm was prosecuted. A tax fraud attorney tries to convince tax authorities that prosecuting the suspect would do more harm than good.
Since prevention of prosecution for fraud is always desirable, it is best to consult an attorney while paying taxes or filing returns to avoid being charged with fraud. But once investigations against a suspected tax dodger have started, it is advisable to hire a tax fraud attorney as soon as possible. He will advise his client with regard to his rights, and recommend the steps to take to minimize damage..
New British Tax Rebates for South Africans Living in the UK
(ContentDesk) November 26, 2005 -- The new system allows any person paying British tax to invest tax-deductible funds of his or her choice into self-invested personal pensions (Sipps). A whole years income may be invested this way and the money used to buy property or other assets in South Africa. All rent earned from the property will be tax-free.
An estimated 750,000 South Africans most of them between 20 and 30 years old live in London alone and will stay for an average of about five years. It is expected that the new tax incentive will encourage a large number of them to buy property in South Africa.
When they return to South Africa they will have a tax-sheltered offshore trust to which they will be able to contribute until they are 55, if they reach this age after 2010.
Tax experts explained that the law is being changed because the British government, like other European governments, is concerned about the increasing pension burden it will be facing...
Some Calling for End of Non-Profit Tax Exemptions - Heated Debate on Blarbitration.com
(ContentDesk) March 19, 2006 -- Are churches and other non-profit organizations tax exempt status draining our communities of valuable revenue and using the funds to push their own agenda? The idea of giving tax exemptions to non-profits is to foster organizations that give back to communities.
However there are people who argue non-profits are not held accountable for the benefits afforded them by tax payers which have created a system that is easily hi-jacked.
Do you agree?Join the debate on www.blArbitration.com, calling for an end to the tax exempt status of religious organizations and other non-profit organizations.One debater argues, "...there is no statistical support to show that church goers are better citizens. And considering the news, it seems that when it comes to some crimes, the inhabitants of the churches are more likely to be sinners. So it infuriates me that...
Last-Minute Tax Help
Even if in most cases people don't want to hear about the word "taxes" until March, preparing early and staying organized will give you no headaches later. But, for most of the people, the deadline is the best and the only motivation for getting tax return done and they need a last-minute tax help.
Almost everyone knows that giving to charity provides you a generous tax relief in exchange, but many people don't have the patience to estimate correctly the value of the donated objects. There are
computer programmes that provide you tax help, making easier your situation.
Installation of these programmes that offer you tax help requires just some restarts of our computer. This kind of programmes are very useful because they help you save time by taking you through a simple process.They provide you tax help and all you have to do is enter some personal details, information about employment, pensions, incomes from other sources, eventual details...
Tax Liens
Whenever we hear the word "tax" we usually tend to think the worst, but that is not always true, especially if you're talking about tax liens. The investors who buy tax liens stand to make a substantial profit, but things are not so good for the person served with the tax lien.
This brings us to the question, "What are tax liens?" Tax liens are government claims for unpaid taxes against a property. To put it simply, when a property owner does not pay his due against the property tax that he is liable, the government can place a lien against the property for unpaid income taxes. This can happen at the federal level or state level, depending on whether the property is in a state that collects income tax.
The concept works on a simple principle that the property taxes are secured by the real property. It means whenever there is default in payment of tax on that property, the appropriate tax governing authority has the right to place a lien on...