Income Tax Returns Your Accountant Should Not File

You've been feeling uneasy (perhaps even guilty) becauseyou've failed to report your under the table business income. Perhaps you've never filed a tax return, even though you know you owe money. Finally, you contact anaccountant to resolve the situation.

Although it is commendable that you are trying to correctmatters, hiring an accountant to do these delinquent returns could be a big mistake. The reason why is because tax evasion is a criminal offence or felony. You might also be subject to civil action.

Would you hire an accountant to defend you in a criminalproceeding? Not likely. You would be wise to hire aqualified attorney.

First of all, lawyers have something called solicitor-client privilege (also known as attorney-clientprivilege or legal advice privilege). This basically means that things you tell your lawyer when seeking legal advice are confidential and can't be used against you. Even written records can be covered by this privilege.

On the other hand, your accountant can be compelled totestify against you and all records in his possession canbe demanded by the authorities.

Second, your lawyer can prepare a legally binding agreement that can protect you. In return for your comingclean, the tax authorities may agree not to charge youcriminally and, in some cases, even reduce penalties ortax liability.

If your accountant tried to do the same thing, they could demand all information about you. Your accountant would not be protected by solicitor-client privilege.

If, say, your accountant filed your tax return from tenyears ago on your behalf, the tax authorities could stillcharge you with tax evasion, despite the fact that youare obviously trying to rectify matters (albeit a bit late).

It is even possible that your accountant could get intotrouble for failing to report your delinquency. On theother hand, your lawyer can't be compelled to testifyagainst you, being protected by solicitor-client privilege. Your lawyer may also have his own in-houseaccountant in order to protect you.

Your lawyer (specializing in criminal and tax law) willlikely negotiate an agreement with the tax authoritiesbefore filing any tax returns.

Therefore, if there is a good chance you could be charged criminally for your failure to file tax returns or properly report income or expenses, don't see your accountant. Instead, consult a lawyer specializing in such matters before you file or amend any returns.

RESOURCE BOX:

J. Stephen Pope, President of Pope Consulting Inc., has been helping clients to earn maximum business profits for over twenty-five years.

For profitable Work at Home Small Business Ideas, visithttp://www.yenommarketinginc.com/

To learn more about income taxes, visit http://www.yenommarketinginc.com/income-taxes.html

MORE RESOURCES:

Tax plan of the next president will face a new reality - Kansas City Star

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2009 CHICAGO BUDGET | Mayor wants to hike event, parking taxes to ... - Chicago Sun-Times

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/1-0fd=Rurl=http://www.suntimes.com/news/politics/1215208,CST-NWS-daley11.articlecid=1256071239ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNFBX_R6Z5TaONnp5Tai-tOSlFCnKA2009 CHICAGO BUDGET | Mayor wants to hike event, parking btaxes/b to b.../b/abrfont size=-1font color=#6f6f6fChicago Sun-Times,nbsp;United Statesnbsp;-/font nobr20 hours ago/nobr/fontbrfont size=-1Daley tied his own hands by promising to close a massive budget gap without raising property btaxes/b on the heels of last year#39;s record $83.4 million increase b.../b/font/div/font/td/tr/table

The Bright Side of Losses: Lower Taxes - Wall Street Journal

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/2-0fd=Rurl=http://online.wsj.com/article/SB122376018591926133.html%3Fmod%3Dgooglenews_wsjcid=0ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNHWoH3WgdXhkFFzc8_Qhevz3EUF6gThe Bright Side of Losses: Lower bTaxes/b/abrfont size=-1font color=#6f6f6fWall Street Journalnbsp;-/font nobr1 hour ago/nobr/fontbrfont size=-1But one silver lining in the economic turmoil may be the chance to save a few dollars on btaxes/b. There are tried-and-true strategies, such as quot;btax/b loss b.../b/font/div/font/td/tr/table

Question 1 = property tax hike - Boston Globe

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/3-0fd=Rurl=http://www.boston.com/bostonglobe/editorial_opinion/editorials/articles/2008/10/12/question_1__property_tax_hikecid=1256745669ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNEuh5A-QNLVCJmxvEnPw6amlv_QRAQuestion 1 = property btax/b hike/abrfont size=-1font color=#6f6f6fBoston Globe,nbsp;United Statesnbsp;-/font nobr28 minutes ago/nobr/fontbrfont size=-1PROPONENTS of Question 1, the ballot measure to repeal the state income btax/b, may have convinced themselves that they don#39;t benefit from state services. b.../b/font/div/font/td/tr/table

Wednesday is deadline for taxes and economic stimulus payments - Inside Bay Area

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/4i-0fd=Rurl=http://tri-statedefenderonline.com/articlelive/articles/3214/1/Dont-let-a-stimulus-check-payment-pass-you-by/Page1.htmlcid=1254870289ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNEhMFRVOctZUoCFLKe2g1bAfV-H-wimg src=http://news.google.com/news?imgefp=GL5frdk-dO4Jimgurl=www.tri-statedefenderonline.com/articlelive/content_images/2008-10-08/20081009stimulus01.jpg width=64 height=80 alt= border=1brfont size=-2Tri State Defender/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/4-0fd=Rurl=http://www.insidebayarea.com/ci_10691390cid=1254870289ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNHaHEfD2uYdjlzak8pAZLROcBqqQwWednesday is deadline for btaxes/b and economic stimulus payments/abrfont size=-1font color=#6f6f6fInside Bay Area,nbsp;CAnbsp;-/font nobr16 hours ago/nobr/fontbrfont size=-1By Eve Mitchell What with all the turmoil going on in the financial world, it#39;s easy to forget that Oct. 15 is the deadline to file a federal income btax/b b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-1fd=Rurl=http://www.sfgate.com/cgi-bin/article.cgi%3Ff%3D/c/a/2008/10/11/BU1913EBP0.DTLcid=1254870289ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNHTXt3-oQ-EFdhPOt-t9W4xOk9jnwbTax/b dodgers could cover much of budget gap/a font size=-1 color=#6f6f6fnobrSan Francisco Chronicle/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-2fd=Rurl=http://www.enidnews.com/opinion/local_story_281004601.html%3Fkeyword%3Dtopstorycid=1254870289ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNF7clEYrZluruyL1zFOaNFi6v-4CgThose who don’t file btaxes/b still have time to get rebate/a font size=-1 color=#6f6f6fnobrEnid News Eagle/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/4-3fd=Rurl=http://www.abc4.com/news/local/story.aspx%3Fcontent_id%3De052fa8d-dee4-4e6e-8512-626228d7c2ffcid=1254870289ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNHFfd2a9n8PMHL5qS2sk8-VKjIdEAIRS: Many Utahns yet to claim stimulus money/a font size=-1 color=#6f6f6fnobrABC 4/nobr/font/fontbrfont size=-1 class=pa href=http://news.google.com/news/url?sa=Tct=us/4-4fd=Rurl=http://www.sltrib.com/news/ci_10696389cid=1254870289ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNGmUnqWM9rMTppjZRu2usK6NacSeQnobrSalt Lake Tribune/nobr/anbsp;- a href=http://news.google.com/news/url?sa=Tct=us/4-5fd=Rurl=http://ocbiz.freedomblogging.com/2008/10/08/does-uncle-sam-owe-you-a-tax-rebate/3657cid=1254870289ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNHXn2BlM9jWRjkDtHfNiiNDCzNudAnobrOCRegister/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254870289hl=ennobrall 207 news articles/nobr/a/font/div/font/td/tr/table

Oct. 12: On what-ifs and taxes - Indianapolis Star

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/5-0fd=Rurl=http://blogs.indystar.com/racingexpert/2008/10/oct_12_on_whatifs_and_taxes.htmlcid=0ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNEBCOpy1JFUSTJYGA2gyIyZ5y8KTAOct. 12: On what-ifs and btaxes/b/abrfont size=-1font color=#6f6f6fIndianapolis Star,nbsp;United Statesnbsp;-/font nobr47 minutes ago/nobr/fontbrfont size=-1Valentino Rossi was investigated on btax/b evasion in Italy for $160 million and reached a settlement for $35 million. Maybe not all the same laws, but btaxes/b b.../b/font/div/font/td/tr/table

States to zero-in on tax cheats as economy sags - The Associated Press

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/6i-0fd=Rurl=http://www.abcnews.go.com/TheLaw/Economy/wireStory%3Fid%3D5991550cid=1255823033ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNFVIgO7v98aP7pcU5mrWxabUe_44Aimg src=http://news.google.com/news?imgefp=YoJpSGJsACMJimgurl=a.abcnews.com/images/Politics/tax_fraud_081009_mn.jpg width=80 height=60 alt= border=1brfont size=-2ABC News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/6-0fd=Rurl=http://ap.google.com/article/ALeqM5hIK6KCg908gehZTEDOQCbHnauzOwD93N3RP00cid=1255823033ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNF3iEi69gYiWYU-Ep9q2qNKDaXDAAStates to zero-in on btax/b cheats as economy sags/abrfont size=-1font color=#6f6f6fThe Associated Pressnbsp;-/font nobrOct 9, 2008/nobr/fontbrfont size=-1ALBANY, NY (AP) — The US financial meltdown is creating brighter job prospects for at least one occupation: btax/b collector. Several states — including New b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/6-1fd=Rurl=http://www.buffalonews.com/149/story/459635.htmlcid=1255823033ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNHhpkKrOvtOyBcfJIwDe1OOKpbBSQDon’t raise btaxes/b/a font size=-1 color=#6f6f6fnobrBuffalo News/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/6-2fd=Rurl=http://money.cnn.com/2008/10/09/news/economy/states_feel_the_pain/%3Fpostversion%3D2008100909cid=1255823033ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNFmFNFzaQHA82toWAQXyxjXXbb2MQFor states, it#39;s a #39;worst-case scenario#39;/a font size=-1 color=#6f6f6fnobrCNNMoney.com/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1255823033hl=ennobrall 229 news articles/nobr/a/font/div/font/td/tr/table

gt; City Hall: More of the same -- higher taxes and dangling sneakers - The Union Leader

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/7-0fd=Rurl=http://www.unionleader.com/article.aspx%3Fheadline%3DCity%2BHall%253A%2BMore%2Bof%2Bthe%2Bsame%2B--%2Bhigher%2Btaxes%2Band%2Bdangling%2Bsneakers%26articleId%3Dd1b53970-3940-4fe0-9af9-8065622e3b5bcid=1256725265ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNFNGaHSRduT-4AvFThBqALoinoMfQgt; City Hall: More of the same -- higher btaxes/b and dangling sneakers/abrfont size=-1font color=#6f6f6fThe Union Leader,nbsp;NHnbsp;-/font nobr1 hour ago/nobr/fontbrfont size=-1By SCOTT BROOKS YOUR bTAXES/b are going up. That much is certain. What#39;s more, it#39;s starting to look as though the tab will be larger than you thought it would b.../b/font/div/font/td/tr/table

Meeting on Crisis, Executives Say High Taxes Hinder City’s Economy - New York Times

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/8-0fd=Rurl=http://www.nytimes.com/2008/10/11/nyregion/11roundtable.html%3Fref%3Dnyregioncid=1256142065ei=0I7xSMSaEabgyQTbu63MBwusg=AFQjCNGP0E0FMzLArLnn_MVG9ws5_s5zuQMeeting on Crisis, Executives Say High bTaxes/b Hinder City’s Economy/abrfont size=-1font color=#6f6f6fNew York Times,nbsp;United Statesnbsp;-/font nobrOct 10, 2008/nobr/fontbrfont size=-1There were differences of opinions, but all seemed to agree that now was not the time to raise btaxes/b or impose new regulations on their businesses. b.../b/font/div/font/td/tr/table

Economic decisions involve more than reducing taxes - Lexington Dispatch

Taxes - Google News

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