Feigenbaum Law

tax fraud

Child tax credit scheme

Litigation

Ontario Man Accused of Tax Fraud After Alleged Child Tax Credit Scheme

An Ontario man is facing allegations of tax fraud after allegedly claiming more than $60,000 in child tax credits for more than forty fictitious children. What Happened? The 39-year old man is facing four charges under the Income Tax Act. According to the Canada Revenue Agency, the man unlawfully claimed child tax benefits by “making, participating in, assenting to, or acquiescing in the making of a false or deceptive statement” to obtain Canada Child… Read More

Tax fraud

Personal Tax Planning

Parents Involved in Recent College Admissions Bribery Scandal May be Facing Tax Fraud Charges

According to Bloomberg News, parents embroiled in the recent “Varsity Blues” college admissions scandal may now be facing serious tax consequences in addition to criminal charges and potential prison time. The Varsity Blues Scandal- Some Background In a federal indictment spanning multiple jurisdictions, approximately 50 individuals, mostly wealthy parents, were recently charged with conspiracy to commit mail fraud and honest services mail fraud, after it was discovered that they had bribed multiple universities to admit… Read More

Overhead view of soccer field with player standing in front of the penalty box.

Sports & Entertainment

Soccer Star Ronaldo Pleads Guilty to Tax Fraud in Spain

CBC News is reporting that Cristiano Ronaldo, who for many years played for football powerhouse Real Madrid, has received a 2-year suspended sentence and €19 million ($28.7 million CAD) fine after pleading guilty to tax fraud in Spain. One of the World’s Best Soccer Players Ronaldo is a five-time Champions League winner and five-time winner of Europe’s Ballon d’Or, a prestigious soccer award given annually to the world’s best player. Read More

Pass-through

Personal Tax Planning

Tax Season Begins in the U.S.: Consult with a Tax Professional

Filing season for the 2017 tax year began this week, with an April 17 deadline. The IRS set this week as the start time for filing to ensure the security of key tax processing systems in the wake of the Equifax breach, and to provide sufficient time to assess any potential impact of the changes to tax legislation. The IRS anticipates that it will receive more than 150 million individual tax returns… Read More