Taxpayers who transact business in cryptocurrency must report their virtual earnings to the IRS and pay federal taxes on that income. While buying digital currency won’t prompt a tax bill, converting it to cash, trading for another coin or using it for
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The IRS is increasing efforts to reach high-income individuals – people with incomes above $100,000 – who have failed to file at least one or more tax returns in recent years in an attempt to encourage compliance, the agency said on Wednesday. The
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Tax fraud is a serious offense. One father and daughter team defrauded the IRS out of $3.4 million. They claimed the organization owed them much more in tax refunds than they actually should have received. The federal government takes tax fraud seriously,
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A federal judge delayed the criminal trial of Palm House developer Robert Matthews, his wife and a real estate attorney until next summer. All three defendants, who are free on bond, face charges related to the unfinished Palm House hotel-condominium project in
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Two investment advisers were sentenced to federal prison for scamming clients out of $2.7 million and for lying to the Internal Revenue Service.
Although the nation-wide trend is showing a decline in federal white collar criminal cases, the number of cases in the Southern District of Florida over the last 20 years has drastically increased. So far in FY 2018, the Southern District of Florida
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