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#2
02-12-2004, 06:34 AM
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 Re: When is it tax evasion? - quote - > > At what point does an exaggeration become evasion?
How likely is jail time; for $1m and crystal clear evasion?> When the government thinks it can prove that it has. > > Is evasion the same as fraud? > No. Evasion is a crime. There is civil fraud as well as criminal. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-11-2004, 01:01 PM
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| Re: When is it tax evasion? - quote - > ================================================== ==========
Do I smell a 501(c)3 application being signed?> Moderator: Send me $1,000,000 and I will pay the best and > the brightest to make certain it is a deductible > expense to the contributor. > ================================================== ========== -- Snowmen fall from heaven unassembled. ------------- Paul A. Thomas, CPA taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-11-2004, 12:42 PM
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| Re: When is it tax evasion? "John" <John[at]john.com> writes: - quote - > At what point does an exaggeration become evasion?
When the government thinks it can prove that it has.- quote - > Is evasion the same as fraud?
No. Evasion is a crime. There is civil fraud as well as criminal.As for poor beset Martha, yeah, if she pulled a stunt like that they'd probably prosecute. See Leona Helmsley. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-10-2004, 07:26 PM
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| When is it tax evasion? Take a hypothetical- A Martha Stewart type person gives someone $1M. She falsely reports it as a charitable contribution and takes a deduction. There is a paper trail that clearly documents that she knew it was not a deductible expense, as did her accountant, who prepared and signed the return. Would is likely to happen? Would she have to repay it with a fine of some sort, or would it be treated as a criminal matter? Would anything be done to her accountant? Assuming the guy she gave the money to believed it to be a gift and knew nothing about the improper handling, would he simply keep the money, or would he also be in trouble? At what point does an exaggeration become evasion? Is evasion the same as fraud? ================================================== ========== Moderator: Send me $1,000,000 and I will pay the best and the brightest to make certain it is a deductible expense to the contributor. ================================================== ========== << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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