As a business owner, the last thing you need to land on your doorstep is a tax audit. Even if you’re absolutely certain that you’ve paid every penny in taxes that the government is due, an audit is time-consuming and stressful -- and it eats away at the resources you...
Working The Puzzle From All The Angles
Month: October 2021
3 tax mistakes that could lead to criminal charges or an audit
On Behalf of Demetrius J. Karos, Ltd. | Oct 26, 2021 | Tax Law
Whether you file your own taxes or run a small business, you want to pay as little as possible in income tax every year. Unfortunately, eagerness to reduce your tax liabilities could lead to you making big mistakes in how you prepare your tax return. The wrong kinds...
It is easier to accidentally commit tax evasion than you thought
| Oct 19, 2021 | Tax Evasion
The crime of tax evasion comes with some stiff penalties upon conviction. Some people may intend to engage in tax evasion to pay as little in taxes as possible. However, others in Naperville, Illinois, might not realize tax evasion is occurring. If you fail to learn...
Could divorce lead to allegations of tax fraud?
| Oct 5, 2021 | Tax Evasion
Divorce will change many aspects of your life, including your financial situation. Some of the decisions you make in your divorce will even impact how much you pay in taxes each year. You and your ex will have to create a comprehensive parenting plan when you divorce...
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