What does Paul Manafort and tax resolution have in common?
A lot actually…
As we all know, if you’ve been reading the news stories online or watching the evening news, Paul Manafort, Donald Trump’s former campaign manager, was found guilty on five counts of tax fraud, one count of failing to report his foreign bank accounts (FBAR) and two counts of bank fraud. Robert Mueller’s Special Counsel went after him over the alleged Russia collusion with Donald Trump. But that’s not what he was found guilty on; he was found guilty of tax fraud.
Your tax resolution clients need to know that when they come to you, and they’ve filed fraudulent tax returns, or haven’t filed legally required income tax returns which they will more than likely disclose to you, there can be major consequences they face for these actions.
You know what I used to tell clients that would ask, “Mike, it’s not that bad is it?” What this week’s video to get a great strategy of how to answer that question if your client asks you the same thing.