When it comes to IRS tax issues, you must have a good understanding of what is and is not legally permissible. This is especially important when it comes to tax evasion, which is a significant crime that may even amount to a felony charge. The primary purpose of tax...
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Understanding your rights as a whistleblower
If you are an employee whose employer is engaging in misconduct, then you might feel that you need to expose their wrongdoing. However, the thought of moving forward with your claims may seem daunting, and you might worry about what type of retaliation you could face....
How does larceny relate to embezzlement?
Larceny charges filed under New York statutes include allegations of theft by embezzling. If a company trusted you with money or property, a loss may raise allegations of embezzlement. Larceny also applies to lost or missing data, trademarks and utilities under the...
Avoiding embezzlement: Using your company card responsibly
Company credit cards can have great advantages when used properly. Not only can you have greater flexibility, but you can also rely less on others and improve your productivity. However, it is important to understand responsible spending practices. Casual or frivolous...
When may nonpublic material information lead to federal charges?
Material information includes reports about a corporation's activities. The information could influence the price of the company's stock. As noted by the CFA Institute, when considering a stock purchase, you may review material information such as financial records...
How does mail and wire fraud differ?
Fraud is a serious crime with severe penalties, no matter what type of fraudulent activity a person ends up involved in. Mail and wire fraud are two examples. Each has its own unique set of defining traits, as well as its potential penalties. However, at the same...
Can I go to jail for not paying my taxes?
Taxes are an unfortunate but inevitable part of life. If you earn an income, you most like have to file a return and pay taxes on your earnings. When life gets hectic, problems can arise with your tax returns or your ability to meet your tax obligations. Here is what...
Bank fraud and money laundering allegations
Business owners applying for loans may face bank fraud allegations. Prosecutors may claim falsified documents helped enable a loan approval. According to the Department of Justice, providing false statements that influence a lending decision may classify as unlawful...