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He took his fraudulent income at the expense of honest taxpayers.
BIR, however, said what was applicable was Section 222 of the NIRC, which provides for an exception to the three-year period rule where it involves false or fraudulent income tax return.
According to documents filed with the court, Gardner and Whittaker obtained the means of identification of third parties, including names and social security numbers and provided them to a co-conspirator for use in the preparation of fraudulent income tax returns.
Partners who do not sign or participate in the preparation of such a return but who report their share of a partnership's fraudulent income on their own returns are subject to a six-year assessment period.
WORCESTER - A Southbridge man has been indicted in federal court on charges of filing fraudulent income tax returns that resulted in more than $500,000 in losses to the government.
He was also charged with dishonestly obtaining another pounds 33,428 from HM Revenue and Customs by putting in fraudulent income tax and VAT returns between 2002 and 2006.
The women admitted to filing 124 fraudulent income tax returns claiming $287,070 in unauthorized tax refunds.
The principal reason for the "bad" conservation easement transactions is the incorrect, inflated, or fraudulent appraisal that throws off an incorrect, inflated, or fraudulent income tax deduction.
c) The filing of a false or fraudulent income tax return on the member's or a client's behalf; or
A fraudulent income tax return for year 1 is filed in year 2, and in year 3 a non-fraudulent and correct return for year 1 is filed.
The misrepresentations which have been used in this process have yielded millions of dollars of fraudulent income in the top holding companies during the last generation, and these millions of dollars have been paid principally by consumers.
On 5 September 2013 SARS, with the assistance of the SAPS, conducted raids in Mpumalanga which resulted in the arrests of 28 people who had submitted fraudulent income tax returns on behalf of at least 200 individuals, on the understanding that they would keep a percentage of the fraudulent refund generated.