Miami Criminal Lawyer on Tax Evasion (UBS)

April 2, 2009 by David S. Seltzer

Well as we all knew this was inevitable. The US government today made their first big arrest in prosecuting those involved in hiding money from Uncle Sam. Boca Raton accountant was arrested for allegedly hiding millions in tax dollars. As a Miami Criminal Lawyer who practices Tax Evasion, this is just the beginning. After speaking with various colleagues, both attorneys and forensic accountants alike, the United States government is going to look for its money.

The question is, is it worth it to the US government and taxpayers? Will the cost of prosecution be reflective of what they will recover? I submit to you the answer has to be NO. Generally tax issues settle for pennies on the dollar, so why will these instances be any different? With the economy heading the way it is, is this the best use of our government resources? I believe they should attempt to negotiate and resolve these matters outside court once the individuals are identified. If no resolution can be reached, then let the Courts get involved. But I do not believe that on a cost basis recovery analysis this venture will prove fruitful to Uncle Sam. Stay tuned, more to follow I grantee it...the government never goes away quietly...