Edwardsville Illinois Attorneys > Our Blog > Uncategorized > TAX RELIEF AND REPRESENTATION LAW FIRM LOCATED IN BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS, WE REPRESENTED A PERSON WHO WAS INVOLVED IN TAX FRAUD/BANKRUPTCY FRAUD. THE TAX FRAUD HAD TO DO WITH RECEIVED PAYOFFS OR KICK-BACKS FROM A LOCAL SCHOOL BOARD IN REGARD TO CONTRACTS. THE BANKRUPTCY FRAUD HAD TO DO WITH THE CLIENT NOT FULLY DISCLOSING ALL ASSETS, AND THEIR VALUES, WHEN HE FILED HIS BANKRUPTCY CASE, APPARENTLY FEARING THAT HIS LIMITED BANKRUPTCY EXEMPTIONS WOULD NOT PROTECT ALL PROPERTY THAT HE HAD ACCUMULATED, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS CRIMINAL TAX AND CIVIL TAX LAW FIRM, AVAILABLE TO REPRESENT CLIENTS FROM PITTSFIELD, PIKE COUNTY, MOUNT STERLING, BROWN COUNTY, BEARDSTOWN, CASS COUNTY, ILLINOIS.
TAX RELIEF AND REPRESENTATION LAW FIRM LOCATED IN BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS, WE REPRESENTED A PERSON WHO WAS INVOLVED IN TAX FRAUD/BANKRUPTCY FRAUD. THE TAX FRAUD HAD TO DO WITH RECEIVED PAYOFFS OR KICK-BACKS FROM A LOCAL SCHOOL BOARD IN REGARD TO CONTRACTS. THE BANKRUPTCY FRAUD HAD TO DO WITH THE CLIENT NOT FULLY DISCLOSING ALL ASSETS, AND THEIR VALUES, WHEN HE FILED HIS BANKRUPTCY CASE, APPARENTLY FEARING THAT HIS LIMITED BANKRUPTCY EXEMPTIONS WOULD NOT PROTECT ALL PROPERTY THAT HE HAD ACCUMULATED, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS CRIMINAL TAX AND CIVIL TAX LAW FIRM, AVAILABLE TO REPRESENT CLIENTS FROM PITTSFIELD, PIKE COUNTY, MOUNT STERLING, BROWN COUNTY, BEARDSTOWN, CASS COUNTY, ILLINOIS.
Blake Law Group
October 7, 2020
TAX RELIEF AND REPRESENTATION LAW FIRM LOCATED IN BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS, WE REPRESENTED A PERSON WHO WAS INVOLVED IN TAX FRAUD/BANKRUPTCY FRAUD. THE TAX FRAUD HAD TO DO WITH RECEIVED PAYOFFS OR KICK-BACKS FROM A LOCAL SCHOOL BOARD IN REGARD TO CONTRACTS. THE BANKRUPTCY FRAUD HAD TO DO WITH THE CLIENT NOT FULLY DISCLOSING ALL ASSETS, AND THEIR VALUES, WHEN HE FILED HIS BANKRUPTCY CASE, APPARENTLY FEARING THAT HIS LIMITED BANKRUPTCY EXEMPTIONS WOULD NOT PROTECT ALL PROPERTY THAT HE HAD ACCUMULATED, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS CRIMINAL TAX AND CIVIL TAX LAW FIRM, AVAILABLE TO REPRESENT CLIENTS FROM PITTSFIELD, PIKE COUNTY, MOUNT STERLING, BROWN COUNTY, BEARDSTOWN, CASS COUNTY, ILLINOIS.
We had a client that received monies from long-time friends and elderly individuals. They thought they were making investments into a strategy that would payoff handsomely for them. The client thought she could treat monies received as loans. However, she did not give written promissory notes at the time monies were received and there was no stated rate of interest. The Internal Revenue Service took the position that the monies received were not loans, but were investments or profits, and that the client should have declared income in the year received, and paid appropriate taxes. Not only did the client have to pay taxes, penalties and interest, she was also sued by the so-called investors when she was unable to repay the amounts they paid to her.
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REAL ESTATE CASES, REAL ESTATE LAW FIRM BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS, REAL ESTATE LAWYERS
METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS DIVISION OF BUSINESS AND PROFESSIONAL PRACTICE LAW FIRM, CLOSELY HELD BUSINESSES, BUY-SELL AGREEMENTS, CORPORATE STOCK REDEMPTION AGREEMENTS, NEGOTIATIONS REGARDING WITHDRAWING PARTNERS AND SHAREHOLDERS, EXITING OF DECEASED PARTNER, SHAREHOLDER OR OTHER OWNER, WINDING DOWN BUSINESS OPERATIONS, PARTNERSHIP DISSOLUTIONS, TERMINATION OF CORPORATIONS, TAX CONSEQUENCES, RETIREMENT PLANNING, SUCCESSION PLANNING, CONFIDENTIAL REPRESENTATION, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS LAW FIRM REPRESENTING PHYSICIANS, LAWYERS, DENTISTS, CHIROPRACTORS, REALTORS, PLUMBERS, ELECTRICIANS, CONTRACTORS, AND OTHERS AVAILABLE TO REPRESENT CLIENTS FROM QUINCY, ADAMS COUNTY, HAMILTON, HANCOCK COUNTY, RUSHVILLE, SCHUYLER COUNTY, ILLINOIS.
BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS, METRO EAST LAWYERS HANDLING CIVIL LITIGATION, CRIMINAL DEFENSE, FAMILY LAW, TRAFFIC LAW, TRUSTS AND ESTATES LAW AND REAL ESTATE LAW, AVVO 10.0 RATING, LEADING LAWYER, MILLION DOLLAR ADVOCATES FORUM, BEST ATTORNEYS OF AMERICA, AMERICAN SOCIETY OF LEGAL ADVOCATES TOP 100 FAMILY LAWYERS IN ILLINOIS, NATIONAL ACADEMY OF FAMILY LAW ATTORNEYS, MARTINDALE HUBBELL AV PREEMINENT RATED, SUPER LAWYERS, AVAILABLE TO REPRESENT CLIENTS FROM PIATT COUNTY, MONTICELLO, BEMENT AND CERRO GORDO, MENARD COUNTY, ATHENS, PETERSBURG AND GREENVIEW, ADAMS COUNTY, QUINCY AND CAMP POINT, ILLINOIS.
TAX LAW FIRM PROVIDING LEGAL SERVICES FOR CLIENTS IN THE HIGHLAND, MADISON COUNTY, ILLINOIS AREA, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS LAW FIRM WITH FORTY (40) YEARS PLUS EXPERIENCE, AVAILABLE TO REPRESENT CLIENTS FROM PULASKI COUNTY, MOUNDS, ULLIN AND KARNAK, ALEXANDER COUNTY, CAIRO, TAMMS AND THEBES, MASSAC COUNTY, BROOKPORT, METROPOLIS AND JOPPA, ILLINOIS.
TAX LAW FIRM PROVIDING LEGAL SERVICES FOR CLIENTS IN THE LITCHFIELD, MONTGOMERY COUNTY, ILLINOIS AREA, METRO EAST, BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS LAW FIRM WITH FORTY (40) YEARS PLUS EXPERIENCE, AVAILABLE TO REPRESENT CLIENTS FROM WARREN COUNTY, MONMOUTH, ROSEVILLE AND KIRKWOOD, PEORIA COUNTY, PEORIA, PEORIA HEIGHTS AND CHILLICOTHE, WOODFORD COUNTY, EUREKA, EL PASO AND MINONK, ILLINOIS.
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