Cracking Down: The IRS is impartial. They don't care if you're famous or rich. If you're trying to avoid paying taxes, they're going to catch you. And when they do, the penalties will be fierce. Recently, Dancing with the Stars Winner and famous Race Car Driver Helio Castroneves has been charged with conspiracy and six counts of Tax Evasion for failing to report income to the IRS.
Singing the Blues: So now you know the IRS can legally send you to jail for not filing.Have you neglected to file your taxes? You may be on the fast track to suffering Wesley Snipe's fate. But don't worry, it's not too to find a solution for your Tax Debt.
Stay Above Water: The best way to avoid debt with the IRS is to file your taxes every year.But if you didn't do this, you need to contact the IRS and negotiate a payment solution. This is not easy. The longer you've gone without paying your taxes the more complex the process becomes. And if you don't act quickly the IRS may place a Tax Levy or Lien on you without notice. It's a good idea to hire a Tax Professional to help you with this process - But Beware...
Accountants, Beware: Helio Castroneves is not the only one who's in hot water with the IRS. His business manager and sister Katiucia Castroneves also faces criminal charges for Tax Evasion. So my advice to Accountants and business managers is this: do not act illegally thinking you can avoid the blame. You and your client will face the charges together.
If you are facing the possibility of being charged with income tax evasion, you need to hire a tax attorney right away. Forget trying to negotiate with the Internal Revenue Service yourself. At this point, the Internal Revenue Service not only sees you as an uncooperative taxpayer, but as a criminal. You are going to need good, professional representation if you are going to avoid jail time.
Bottom Line: The IRS doesn't care about your social status. The IRS only cares about one thing- getting their money. You may have dodged the IRS for now, but just like they caught up to Wesley Snipes- they WILL catch up to you. Don't hesitate in settling your Tax Debts!
Singing the Blues: So now you know the IRS can legally send you to jail for not filing.Have you neglected to file your taxes? You may be on the fast track to suffering Wesley Snipe's fate. But don't worry, it's not too to find a solution for your Tax Debt.
Stay Above Water: The best way to avoid debt with the IRS is to file your taxes every year.But if you didn't do this, you need to contact the IRS and negotiate a payment solution. This is not easy. The longer you've gone without paying your taxes the more complex the process becomes. And if you don't act quickly the IRS may place a Tax Levy or Lien on you without notice. It's a good idea to hire a Tax Professional to help you with this process - But Beware...
Accountants, Beware: Helio Castroneves is not the only one who's in hot water with the IRS. His business manager and sister Katiucia Castroneves also faces criminal charges for Tax Evasion. So my advice to Accountants and business managers is this: do not act illegally thinking you can avoid the blame. You and your client will face the charges together.
If you are facing the possibility of being charged with income tax evasion, you need to hire a tax attorney right away. Forget trying to negotiate with the Internal Revenue Service yourself. At this point, the Internal Revenue Service not only sees you as an uncooperative taxpayer, but as a criminal. You are going to need good, professional representation if you are going to avoid jail time.
Bottom Line: The IRS doesn't care about your social status. The IRS only cares about one thing- getting their money. You may have dodged the IRS for now, but just like they caught up to Wesley Snipes- they WILL catch up to you. Don't hesitate in settling your Tax Debts!
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Frank Miller has a Debt Consolidation Blog & Finance, these are some of the articles: 5 Things To Consider Prior To Filling Out Application For A Business Loan You have full permission to reprint this article provided this box is kept unchanged.