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Even if your state does not collect a state income tax like Florida or Texas, you can report fraud. It is illegal to misappropriate state money. Protect Yourself: Don’t Fall For One of the ...
Title theft is when a fraud uses a home owner’s title and information to make a deed in their name according to Forbes. This can expose homeowners to foreclosures or credit damage because of a ...
With a bank levy in place, your account will be frozen until the creditor takes the money you owe directly from your account. The best strategy for fighting an account levy is to contact a ...
Scammers may overpay by check, asking victims to refund the difference, only for the check to later bounce, leaving victims liable. Other scams involve fake listings where scammers posing as landlords request deposits before viewings, or charge high fees for background checks, mirroring tactics in check overpayment scams. Rental scams often ...
The U.S. Internal Revenue Code, 26 United States Code section 7201, provides: Sec. 7201. Attempt to evade or defeat tax Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 ...
Tax evasion or tax fraud is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income ...
Asset levy: The government can take your assets, such as your house or car, and then sell them. The proceeds of the sale, after paying off any debts on the property and the costs of the sales ...
Actual fraud typically involves a debtor who as part of an asset protection scheme donates his assets, usually to an "insider", and leaves himself nothing to pay his creditors. Constructive fraud does not relate to fraudulent intent, but rather to the underlying economics of the transaction, if it took place for less than reasonably equivalent ...