July 7, 2023

Season 1, Episode 8

Description:

Do you ever wonder what happens when high-profile figures dodge their tax obligations? Brace yourselves as we delve into the world of tax non-compliance and the potential criminal penalties that come with it. We kick things off by discussing the recent guilty plea by Hunter Biden for neglecting to pay his taxes in 2017 and 2018. We'll also touch on IRS Code Section 7203, which lays the groundwork for criminal consequences in cases of willful tax evasion. A Connecticut painting contractor's story serves as a cautionary tale, illustrating what can happen when you try to outsmart the IRS.

But it's not all doom and gloom! We also explore how to keep your tax affairs in order and steer clear from the potential pitfalls that could land you in hot water. From applying for a six-month short-term installment plan to tackling incorrect notices from the IRS, we're here to offer guidance and help you make sense of these often confusing processes. We'll also highlight what the IRS's criminal action against Hunter Biden means for average taxpayers like you and me. So, whether you're a business owner or just an average Joe, join us for this eye-opening discussion on tax compliance and what it means for all of us.

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