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- Bank Fraud: Lack of Intent Can Still Result in a Conviction
Bank fraud schemes and incidents occur often with and without any intent to actually defraud the bank involved in the criminal activity, and when facing certain charges, the prosecution does not need this intent to convict the person. It was in the Supreme Court in 2016 that the decision occurred to provide evidence without the necessary intent to defraud for convictions in these charges.
- Higher Tax Liability Proposed for Cryptocurrency
Due to the changes in tax law with the Administration, cryptocurrency may face higher liability in taxation as well as alter the ability to exchange and sell the online transaction without incurring a tax charge. It is important to pay attention to these laws to avoid problems with tax returns and violations of legal tax regulations.
- Voluntary Disclosures Regarding Offshore Account Holders
Through acquiring wealth and assets, a person may earn enough to open an offshore account, but he or she is better served through legal and tax matters to disclose these accounts to the proper authorities. If the Internal Revenue Service discovers a person holding assets outside the country, this account holder may find various fees and penalties tacked onto his or her yearly payments.
- LLC Bank Account: A Partner Committing Fraud
If someone connected to a limited liability company is engaging in fraud or fraudulent activity, it is important to consider the possible actions available to ensure the partner not connected to the illegal actions is safe. When there is suspicion of a crime, it is crucial to gather as much evidence and details as possible for a potential arrest.
- The Lone Star State Leads Charge Against Crypto-Fueled Fraud
While it's not illegal for cryptocurrency businesses to market in the state of Texas, companies that operate in this nascent market should make sure they're doing things by the book. Otherwise, Texas regulators have proven they will get the ball rolling to quash those efforts in the state, at the very least.
- Cryptocurrency Expert Witness in Litigation
Digital and online forms of money handled through transactions constitute cryptocurrency, and these networked interactions lead to possible legal complications based on real world issues with the technical and financial realms. To understand these matters better, a courtroom may need the help of an expert witness to detail what cryptocurrency is and how it affects the plaintiff.
- Protect Assets From Creditors in California
Everyone who opens a business does so with the intention of making a profit, so why do so many businesses in Fremont, Livermore, and elsewhere end up failing?
- Stockholders’ Agreements: Plan Ahead for Owner Exits
Owners of small and mid-sized businesses can spend nearly all of their time running their business, and many times, they do not make time to consider the life changing events that should be addressed in their stockholders’ agreement. Owners hope that the good relationships between owners today will naturally carry forward into the future.
- Holiday Considerations for Bankruptcy
Filing bankruptcy is rarely someone's first choice. However, when you accumulate more debt than you can hope to pay on your own, bankruptcy may be your best option. Filing bankruptcy during the holidays can be somewhat complicated. Below are some tips for holiday bankruptcy filers to help you make the best decisions.
- Utilizing the Bankruptcy Mean Test
Preparing for bankruptcy is often difficult, but the person affected must ensure he or she qualifies based on certain criteria such as the bankruptcy mean test. This is used to determine if the person has low enough income to file Chapter 7 when bankruptcy is the only way out of financial ruin and needed to resolve these matters.