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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (51536)4/6/2006 1:41:20 PM
From: Travis_BickleRead Replies (1) of 306849
 
that's pretty typical, my personal best is a client that went 12 years without filing or paying. that is a serious problem if the person is making big money.

but to get them to really go after you, you need to have done something foolish like set up an offshore trust or some other effort to hide the funds, or created phoney paperwork, other wise all you have is failure to file or pay which is i believe a year in jail. they like cases where there are active attempts at evasion.

imo the stupidest people in the world are the ones that go offshore with trusts or "international business corporation" (there's actually no such thing), by doing so you have made the irs' case for evasion. plus they have gotten pretty good at that sort of thing with fincen. and they always throw in a wire fraud or mail fraud charge which is good for three years.
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