Jason Hartman talks with Robert W Wood, Managing Partner of Wood LLP. Robert is a tax attorney who deals in matters both corporate and individual. He has been ranked by the US Lawyer Rankings as a Top 6 tax lawyer in the country.

Jason and Robert discuss things people do with their taxes that might open them up to prosecution, and how to avoid turning your contractors into full time employees in the eyes of the law.

Key Takeaways:

[1:19] Should offshore accounts be avoided?

[3:41] You could be unknowingly breaking the tax law

[4:42] The main way IRS criminal cases come about

[7:40] What to do if the IRS criminal division comes for you

[10:05] How lawsuit settlements are seen in the eyes of the tax law

[11:56] What you need to know, tax wise, about hiring freelancers

[17:40] The dangers of having freelancers and employees doing the same jobs

Website:

www.WoodLLP.com

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