Tax FAQ
 

What Are The Chances Of A Tax Investigation After Paying Tax And Then Leaving The UK?

I have a full once in a while job arranged abroad and want to leave the UK with a clean slate, and pay all my dues before I go.

A few years back I had a extent minor investigation, but nothing much came of it. It was a horrible experience though, and I wouldn't like to go through that again especially being hundreds of miles away! The takings really do make you feel like a criminal.

I am currently self employed.

Thanks


Answer: Very very very unthinkable. I've been scamming them for 7 years now. =P
 
 

Should There Be A Tax Investigation On All Prominent Politicians?

In torchlight of the recent discoveries of individuals in high positions not paying taxes, or having “tax issues”.


Answer: Yes and deaden test them.

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The Fair Tax
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Is UK Tax Investigation Insurance Available From Brokers Or Must It Be Bought Through A Tax Adviser?

I have so far only found warranty through tax advisers who also expect you to use their services to prepare your next tax return (which often can be done quite adequately without an mentor)


Answer: Seek around. I had a broker who arranged my business Insurance each year and he also offered the Tax investigation Insurance .
Not unavoidable about tax advisors, I had an Accountant. I would prepare my accounts and he would check them and fill out my tax return. Well worth it for the specie we saved.

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How Long May The Irs Keep A Tax Investigation Open?

the irs claimed my uncle's chattels planner broke rules/tax law many years ago. he hired a lawyer over ten years ago to do business with irs. my uncle died. my aunt wants to know if and when they will leave her alone so that she can move oversees coins back into the states and so that she can buy a house without fear of the irs taking it away. she hasn't heard from irs in many years


Answer: The IRS can be prolonged to investigate as long as the "statute of limitations" is open. The statute of limitations is usually three years after a tax return is filed UNLESS the taxpayer agrees to extend it. In the box of a 25% or more understatement of tax, the statute of limitations is 6 years. In the case of fraud, invalid returns or non-filers, there is no statute of limitations.

If the taxpayer refuses to extend the statute of limitations the IRS usually assesses

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Tax Preparer Is In Investigation For Fraud, Can I Sue Her?

Ok the man who prepared my taxes for the last two years is under investigation. She apparently added deductions to peoples returns without their insight, including mine. The irs is investigating her and has questioned some of her clients including myself. I filed an amendment for the past two years along with my mate. Now we owe the irs a little over $10k. Can I do anything like sue the tax lady for the situation she put us in?


Answer: castigation yes. but does she have the money?

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Tax Filings
2008 Tax Schedule
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Effective Management of Tax Investigations Pt.1

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