Back in March we blogged about lifestyle audits and the TaxMan:
It’s as much a concern as ever. Here’s the high points of that article:
There’s no question we all feel that we pay too much tax. But that’s never stopped our federal and provincial governments from seeking out new ways to prevent you from keeping more of your money in your wallet. Their latest initiative is a carefully targeted stealth campaign that uses lifestyle audits to assess your spending – where you live, how often you travel, what type of car you drive, how many big ticket purchases you make in a year – and then compare it to your declared income to see if it all adds up.
Haven’t filed tax returns for a few years?
DON’T FILE YOUR 2006 RETURN UNTIL WE HAVE CLEANED UP YOUR PAST DUE FILINGS!
Coming forward to the TaxMan NOW, on your own or through an accountant, can expose you to criminal prosecution and penalties!
If they think it doesn’t, you could suddenly find yourself in the middle of an investigation for criminal tax evasion. If you’ve been cheating on your taxes—not reporting all your income, hiding money offshore, or maybe just not bothering to file a return every year — it won’t be long before the TaxMan comes knocking on your door. And while you’re under investigation, the TaxMan can freeze your bank accounts, seize your car, your investments, your property, and otherwise tie up virtually everything you own. If you are convicted of criminal tax evasion, penalties can be as much as 250% of the tax owing. Plus daily interest. A jail term of up to two years is also possible.
Protect your family, your financial security, and your peace of mind with the DioGuardi TaxRx™ lawyer-negotiated tax settlement. Through the confidentiality of lawyer-client privilege, we can put you into a legal safety zone while we negotiate a settlement that will protect you from criminal prosecution and financial penalties. We will also negotiate for a waiver or reduction of tax and interest for some of the years owing. Call DioGuardi Tax Law today at 1-877-TAXRX-02. Or click here to get started online.
In the meantime, keep smiling! Because the taxman is still watching!
