March 27, 2024
Tax fraud is a serious offense that can have drastic consequences. According to the IRS, around 2,550 financial crimes took place in 2022 involving over $31 billion. There was a 90.6 percent conviction rate on these cases – revealing the government’s determination to crack down on financial crimes. It is essential to understand what constitutes...
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April 1, 2023
Let’s face it—the word “taxes” alone can be a major stress inducer for most people. A main reason for this is the underlying fear of making a mistake that could lead to an IRS audit, potentially resulting in hefty fines, penalties, or even a jail sentence. In the past three years, there have been more...
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August 5, 2022
Not everyone who commits tax fraud is dealing with multimillion-dollar bills from the IRS. Knowingly or not, many people find themselves in situations where they failed to comply with tax codes. Whether they failed to file, pay due taxes, or misreported income, taxpayers can find themselves in hot water with the Internal Revenue Service...
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August 5, 2022
The Section 8 housing voucher program provides opportunities to low-income tenants looking to rent an apartment or another dwelling. The federal program also presents opportunities to Missouri landlords, as the government payments could deliver a steady flow of rental income. Unfortunately, both landlords and tenants could engage in fraud to cheat the system. Doing so...
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August 5, 2022
The U.S. Attorney’s Office for the Eastern District of Missouri announced on Jan. 5 that a 69-year-old woman has been sentenced to almost four years in a federal prison for stealing more than $600,000 from a trust that distributed funds to charities in the St. Louis area. The woman’s sentence was handed down as part...
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August 5, 2022
Missouri residents’ lives could be changed for the worse if they are arrested on fraud charges. One currently popular example of such a crime is the advance loan fee scam. What is an advance loan fee scam? An advance-fee loan scam is a type of white-collar crime that usually targets individuals who have bad credit. The scam...
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