Most Illinois residents never become the subject of an IRS tax audit. However, certain things you may or may not do when filing your taxes might increase the odds of the IRS auditing you. The IRS may also decide to audit you completely at random, although this is...
White Collar Crime
Mortgage fraud for profit versus housing fraud
If you are facing mortgage fraud allegations, or worry about these charges surfacing, you need to understand all of your options and different factors that could play an important role in the outcome of the case. Mortgage fraud allegations can result in harsh...
How does the law define “fraud”?
Previous posts on this blog address the issue of business fraud and the impact that it can have on both those accused of it and subjected to it. Most people in Illinois likely understand that in any professional transaction, there is a risk of unfavorable returns. Yet...
What to expect as the subject of an IRS audit
Many Illinois residents question whether they are doing everything correctly when filing their taxes, and with good reason. Tax rules and laws change from year to year, and there are many areas on a tax return that may lead to confusion. While, in some cases, the IRS...
U.S. Justice Dept seeks tougher penalties for white-collar crimes
The public at large may view instances of white-collar crimes as less serious or harmful than other types of charges, such as robbery or assault. However, the theft of intellectual property, money laundering and wire fraud can cause a great deal of damage to the...
What should you know about intellectual property theft?
Business owners may need large amounts of content to help advertise their business or generate interest in a product. If people are not careful about where they get some of this content, they may find themselves facing allegations of intellectual property theft....
Is money laundering a white-collar crime?
White-collar crime can prevent you from working while you face legal repercussions. Involvement in unethical business practices in Illinois can damage your reputation and jeopardize your career. Money laundering is just one of many types of criminal conduct in the...
What is business fraud?
If accused, you can face serious jail time, fines, and other penalties when it comes to white-collar crime. One of the most common white-collar crimes includes corporate or business fraud. According to the FBI, business fraud includes corporations' fraudulent or...
In Illinois can you be charged with a crime involving cryptocurrency?
As you grow more familiar with it, you recognize that there are many advantages to cryptocurrency. The blockchain security measures accompanying crypto are virtually unassailable. Transactions are instantaneous. Since banks are often not involved, fees are minimal....
Can employers ask about your arrest during an interview?
When Illinois police arrested you for a white-collar crime, you were in the middle of a job search. You do not want to let the encounter interrupt your job prospects, but you know you must think about how to approach questions related to a criminal record on...
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