On behalf of Demetrius J. Karos, Ltd. | Sep 13, 2019 | Tax Evasion
A couple made famous by their reality television show is now facing several years or even decades in federal prison on tax evasion charges. The couple’s accountant also faces charges and has been accused of lying to IRS investigators.For their part, the couple...
On behalf of Demetrius J. Karos, Ltd. | Jun 21, 2019 | Tax Evasion
A businessman in another state recently pled guilty to federal charges alleging that he engaged in a rather elaborate scheme to avoid paying taxes. The man was involved in supplying building materials as well as other businesses, some of which he operated with his...
On behalf of Demetrius J. Karos, Ltd. | Jun 7, 2019 | Tax Evasion
Taxing authorities in the United States, in Illinois, and even throughout the world are reportedly cracking down on wealthy individuals and others who are using cryptocurrency to avoid taxes.The authorities in several countries, including the United States, see these...
On behalf of Demetrius J. Karos, Ltd. | Mar 15, 2019 | Tax Evasion
As many people who follow the news know, a large group of well-connected and wealthy people face multiple criminal charges for their role in a scheme to get their children in top schools.The point of the scheme, according to federal prosecutors, was to get their...
On behalf of Demetrius J. Karos, Ltd. | Jan 18, 2019 | Tax Evasion
Michael Sorrentino, a reality star on MTV’s hit show, Jersey Shore, has reported to a federal prison near his home to begin serving an eight-month sentence. He was convicted of federal tax evasion after pleading guilty to one count.According to reports, the...
On behalf of Demetrius J. Karos, Ltd. | Nov 22, 2018 | Tax Evasion
A businessman from a state on the other side of Lake Michigan from Chicago entered a plea of guilty to tax evasion in federal court. According to reports, the man faces up to 5 years in federal prison as well as a hefty fine, but it is not clear what, if any, deals he...
On behalf of Demetrius J. Karos, Ltd. | Nov 9, 2018 | Tax Evasion
Most residents of the greater Chicago area probably recognize that owing back taxes to the Internal Revenue Service, or IRS, is a serious legal problem. The IRS has a number of powerful legal tools that it can use to collect tax revenues that are simply not available...
On behalf of Demetrius J. Karos, Ltd. | Sep 28, 2018 | Tax Evasion
There is something very alluring about offshore banking that makes it a common theme in movies and novels. Usually, the person engaging in the behavior is, at least implicitly, doing something illegal by using the offshore account or, at best, is trying to cover his...
On behalf of Demetrius J. Karos, Ltd. | Apr 27, 2018 | Tax Evasion
Because accusations of tax evasion can be serious, it is important to understand what tax evasion refers to. Because the tax code is complex, mistakes are understood, however, under-reporting income on purpose and claiming deductions the filer should not receive is...
On behalf of Demetrius J. Karos, Ltd. | Mar 30, 2018 | Tax Evasion
Tax evasion accusations are serious and should not be taken lightly. The Internal Revenue Service (IRS) performs criminal investigations and employs greater than 2,000 special agents to investigate complex tax crimes. When individuals intentionally refuse to file an...
On behalf of Demetrius J. Karos, Ltd. | Feb 16, 2018 | Tax Evasion
Tax evasion is a serious crime that can, if it results in conviction, lead an Illinois resident to spend many years in jail. It involves the willful avoidance of paying one’s taxes through illegal means of concealment. However, every year many Americans make...
