For those in the crosshairs of regulators
Recent news reports make it clear. Revenue regulators are focusing their prosecution on high-net worth individuals and business owners.
"Editorial: Crackdown on offshore tax cheaters is paying dividends"
- Chicago Tribune (Oct. 1, 2013)
According to the op-ed, the U.S. Senate estimates that "accounts used to evade taxes cost the Treasury at least $100 billion a year" and that "programs enabling Americans to declare their offshore holdings have attracted nearly 40,000 participants and generated $5.5 billion in back taxes."
"How the IRS Thinks About Small Business Tax Scofflaws"
- Businessweek (Sept. 26, 2013)
The business magazine writes that there is currently an "increase in criminal cases against small businesses believed to be shirking employment tax obligations" and that the "self-employed are more likely to be audited because they have more room to cheat on their taxes."
Nexsen Pruet's tax attorneys understand that due to the extreme complexity of the federal, state and Local tax codes, even well-intentioned business owners and professionals can make mistakes that land them in the cross-hairs of regulators.
Members of our criminal tax investigations team include:
- Paul Topolka, former District Counsel for the North-South Carolina District of the Internal Revenue Service
- Dan Boyce, former Assistant U.S. Attorney for Eastern District of North Carolina
- James Galyean, a former Assistant U.S. Attorney for the District of South Carolina
- Bill Wilcox, a CPA and business attorney named to Business North Carolina's "Legal Elite"
- Will Terpening, named a “Rising Star” in white-collar criminal defense by North Carolina Super Lawyers®
The team represents businesses and individuals being investigated for potential criminal violations of the Internal Revenue Code and allegations of financial crimes within other jurisdictions.