What are The Badges of Fraud – Red Flags & Indicators Explained (Golding & Golding Board Certified)

The Badges of Fraud

When it comes to civil tax violations and even criminal tax violations as well, fraud is one of the most sought-after violations investigated by the IRS and the US Government. That is because, with a civil violation, there is no statute of limitations -- so the IRS could technically go after a person for tens of years if they believe they committed tax fraud. While the burden of proof to prove tax fraud is a bit higher than most other violations, the penalties are higher as well (Section 6663).  Making matters worse for taxpayers is that the IRS and US government can pursue both criminal and civil tax fraud claims simultaneously -- although defendants will usually seek a stay of proceedings in conjunction with pleading the fifth amendment. In determining whether or not a person may have committed tax fraud – especially in the realm of fraudulent transfers of assets, money, investments, etc. -- one of the key identifiers is the badges of fraud. Let’s take an introductory look at the different badges of fraud.

Видео What are The Badges of Fraud – Red Flags & Indicators Explained (Golding & Golding Board Certified) канала Golding & Golding International Tax Lawyers