IRS Not Making Much Use Of Bank Currency Reports
Young Earth Creationist Kent Hovind is on something of a crusade against the injustice of his structuring convictions, although his narrative leaves out that he was convicted of other crimes also and subject to an enormous civil income tax deficiency. My theory about his outrage is that he had prepared himself to be charged with evasion by establishing a Cheek defense and was blindsided by structuring. The irony is that if he had just had his wife withdraw eleven grand when that is what they needed, the routine bank report might not have caused a ripple.
Window Closing On IRS Program To Lessen Penalties, Avoid Prison For Offshore Shenanigans
” Bad actor” sounds pretty harsh and you and I both know that you are really not a “bad actor”. You are probably actually a mensch. But fifteen years ago, somebody talked you into stashing some money in the Cook Islands just in case and who’s gonna know. And it dawned on you some time ago that that was wrong and you have been agonizing about it. That could make you a “bad actor” in the eyes of the IRS. So don’t let this window close on you without getting some good advice.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.