If you have struggled to keep on top of your finances this year, you might feel like ignoring tax demands from the Internal Revenue Service (IRS). However, hiding your head in the sand will only make your problems worse. Failing to respond to the IRS's demands could...
Working The Puzzle From All The Angles
Month: December 2020
International accounts don’t protect you from taxes
On Behalf of Demetrius J. Karos, Ltd. | Dec 24, 2020 | IRS
For decades, offshore banking has been synonymous with tax avoidance, if not outright tax evasion, by wealthy people and corporations. People with significant resources may have funneled them into accounts held in countries that did not report those accounts to the...
Tax fraud leads to prison for 2 former attorneys
On Behalf of Demetrius J. Karos, Ltd. | Dec 23, 2020 | Tax Evasion
Any time there is an allegation of tax fraud, you need to take it seriously. If you’re accused of attempting to evade taxation or manipulating your accounts to pay less than you owe, then you need to make sure you’re protecting your rights and yourself against the...
What is a fiduciary income tax return?
On Behalf of Demetrius J. Karos, Ltd. | Dec 9, 2020 | Tax Law
Many different types of taxes exist, including estate, sales, property and income taxes, to mention a few of them. The person appointed to the role of executor of someone's estate has many responsibilities. One of those is to file a fiduciary income tax return. What...