Tax preparers play a critical role in helping individuals and businesses navigate the complexities of the U.S. tax system. However, this important responsibility also comes with significant risks. The IRS has increasingly focused on prosecuting tax preparers who engage in or facilitate fraudulent activities, such as preparing false tax returns, inflating deductions, or aiding clients […]
Tax Law
Common Tax Evasion Schemes Investigated by the IRS and How Norman Spencer Law Group Can Help
Tax evasion is a severe federal offense, with the IRS aggressively investigating and prosecuting those suspected of engaging in illegal activities to evade taxes. Understanding the most common tax evasion schemes can help individuals and businesses avoid legal pitfalls and protect their financial futures. This blog discusses these schemes and explains how Norman Spencer Law […]
The Critical Role of Forensic Accountants in IRS Criminal Investigations: Why You Need Their Expertise
When facing an IRS Criminal Investigation Division (CID) inquiry, the stakes are incredibly high. The CID investigates potential tax crimes, which can lead to serious consequences, including hefty fines, penalties, and even imprisonment. In such high-risk situations, working with a forensic accountant can be the key to mounting an effective defense. Forensic accountants possess specialized […]
Best Defense Practices in IRS Criminal Investigations: Protecting Your Rights and Future
When faced with an IRS criminal investigation, the stakes are incredibly high. These investigations, often initiated by the IRS Criminal Investigation (CI) division, can lead to severe consequences, including hefty fines, imprisonment, and the tarnishing of your reputation. It’s crucial to understand that defending against an IRS criminal investigation requires a comprehensive approach, combining legal […]
What is the Statute of Limitations for an IRS Audit?
Understanding the IRS Audit Statute of Limitations: Key Time Limits and Exceptions in Tax Audits Understanding the complexities of IRS audits and their statutes of limitations is crucial for every taxpayer. The statute of limitations limits how long the IRS has to audit a tax return, typically three or six years. However, in some instances, […]
Did You File Your New York State Taxes?
Each year, many people fail to file their New York tax, return for any of several reasons. Among these people, most usually meant to file, but didn’t because they were too busy with work and life to meet the deadline or because they were too overwhelmed by the endless complexities of the system. Unfortunately, a […]
