Did you know what IRS has done and is doing to Prevent Tax Evasion Through its ‘Partial Amnesty Programs’?
U.S. Government is trying to make the world fiscally transparent, concentrating its agreement to automatically exchange taxpayer information. Tax evasion is money laundering predicate offense and U.S Department of Justice could use its discretion on the same. While it is already engaged in doing so in cases of ‘rogue tax return preparers’ engaged in identity theft and in schemes to defraud the U.S. Treasury promoted by taxpayer advisors, evasive taxpayers should be taken into consideration as well.
IRS, since 2009 has been increasing its efforts to crackdown non-compliant U.S. taxpayers who use offshore and onshore structures to evade reporting and tax-paying responsibilities. For instance, it introduced The Voluntary Worker Classification Settlement Program in 2011 that offered employers to get certainty on potential past federal tax liability that’s associated with misclassifying workers as independent contractors. The initiatives were taken to assist non-compliant taxpayers to compliance by minimizing confiscatory financial penalty and interest to incarceration risks and thus called “partial amnesty programs”.
In this session, expert speaker Stanley I. Foodman, CEO, CPA, CFE, CAMS will provide in power point format, a high level history of the IRS’ prior so called “partial amnesty programs” leading to where we are today and will also provide the description of the current ‘partial amnesty program’ along with their associated benefits and risk.
Current IRS and DOJ (Department of Justice) statistics regarding IRS examination results and criminal prosecutions.
Stanley Foodman, CPA, CFE, CFF, CAMS, CGMA is CEO of Foodman CPAs & Advisors. Mr. Foodman has extensive experience representing U.S. and non-U.S. taxpayers with U.S. and cross border tax reporting and governmental controversies. He uses his law enforcement background, extensive exper...
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