Jason Hartman talks with Robert W Wood, Managing Partner of Wood LLP, about some of the ways business owners might be putting themselves at risk when dealing with employees. Robert is a corporate and individual tax attorney who has seen many businesses and people unknowingly commit tax crimes that come back to haunt them. He gives some advice on avoiding some of the more common issues he’s seen.
Robert has been ranked by United States Lawyer Rankings as one of the top 6 tax attorneys in the nation.
[1:23] Are offshore accounts a no go nowadays?
[3:45] Inadvertent ways people are breaking tax laws
[4:46] Nearly all IRS criminal cases get started the same way
[7:44] What should you do if the IRS Criminal Division knocks at your door?
[10:09] How lawsuit settlements are handled under tax codes
[12:00] Important tax things to keep in mind when you hire a freelancer
[17:44] Having freelancers and full time employees doing the same job can put you on dicey legal ground