Jonathan Turley reports this morning of an instance where a disclosure, apparently voluntary, did not avoid prosecution. Arizona Man Interviews For Border Patrol and Proceeds To Confess To Child Molestation, Bestiality, and Drug Use (Jonathan Turley Blog 7/18/12), here.
We can be thankful that, in our tax universe, we have a voluntary disclosure practice that will work.
Jack Townsend offers this blog on Federal Tax Crimes principally for tax professionals and tax students. It is not directed to lay readers -- such as persons who are potentially subject to U.S. civil and criminal tax or related consequences. LAY READERS SHOULD READ THE PAGE IN THE RIGHT HAND COLUMN TITLE "INTENDED AUDIENCE FOR BLOG; CAUTIONARY NOTE TO LAY READERS." Thank you.
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Wednesday, July 18, 2012
4 comments:
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I guess the major difference is the victim of the crime.
ReplyDeleteThe tax crime after VD has no victim at all. In fact, I believe the government would love VD tax crime --- like OVDI. This is a profitable business while no victim involved except taxpayers themselves.
From 2003-2010, IJ, an offshore tax cheat, has been evading tax of $250/year while paying $10,000 tax/year. He went to voluntary disclosure his crime, and was fined over $13,000 for the crime of cheating $2000. I don't see any victim here other than IJ's own little kids and himself.
ReplyDeleteJack, that is the reason in our our tax universe -- we are better off than those who committed "Child Molestation, Bestiality, and Drug Use".
ij,
ReplyDelete$13k is a mandatory fine. You have the choice to opt out and ask for mitigation.
But if you choose not to that route, should the IRS be blamed.
anon, thanks! opting-out is in my consideration. i was just giving my thoughts on what Jack's view on tax universe -- we would not have to face jail time if we VD.
ReplyDelete