Understanding Criminal Tax Activity and The Repercussions with Robert Nordlander
06/13/23 • 36 min
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Have you ever wondered what the repercussions were for making a mistake on your taxes? Will you go to prison? Pay a huge fine? The thoughts that go through our minds are endless. Robert Nordlander is here to explain exactly what happens if you either make a mistake on a tax return or willfully evade paying your taxes.
Robert Nordlander is a speaker, podcast host, CPA, and Amazon bestselling author. He spent over 20 years as a special agent with IRS-Criminal Investigation chasing tax evaders and money launderers around the globe. Currently, he is the principal member of Nordlander CPA, PLLC, a boutique forensic accounting and tax resolution firm.
This episode poses a very unique perspective on taxes compared to what we normally discuss and I think is great information for business owners to hear. There is also a small true crime element to this episode as we discuss certain examples from Roberts's past.
What you’ll hear in this episode:
[3:06] Introduction to Robert and his background
[5:36] Clarifying some of the misinformation around white-collar crimes.
[7:06] What constitutes a tax crime?
[10:15] What actually happens legally if you make a mistake in your taxes?
[13:20] What are the repercussions if your tax preparer does something sketchy on your tax return that you are unaware of?
[18:22] What are some ways that small business owners either intentionally, or unintentionally, evade taxes?
[23:12] As an employer, how often do you need to pay and remit payroll taxes for it not to be considered criminal? What implications might this have for your employees?
[28:19] What is the proper path to report suspicion of a tax crime or fraud?
[30:13] What advice to Robert have for small business owners trying to stay out of trouble with the IRS?
Connect with Robert:
https://www.linkedin.com/in/robert-nordlander/
Social security benefits link: https://www.ssa.gov/myaccount/?gclid=Cj0KCQjwmtGjBhDhARIsAEqfDEedTdU819mUi-8AhDQp1cfdl8sTXXkBYDS7Acn9E7B4nu565CIp_j0aAmmtEALw_wcB
Related episodes:
IRS Reporting Threshold for the 1099K - Roundtable Recap
How to Pay Yourself Based on Your Business Structure
What is a W-9 and Who Needs One?
Find everything you need at https://www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/
Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa
Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/
Hire us: https://www.fitnancialsolutions.com/accounting
See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator
Find me on IG https://www.instagram.com/shannonkweinstein/
Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
Have you ever wondered what the repercussions were for making a mistake on your taxes? Will you go to prison? Pay a huge fine? The thoughts that go through our minds are endless. Robert Nordlander is here to explain exactly what happens if you either make a mistake on a tax return or willfully evade paying your taxes.
Robert Nordlander is a speaker, podcast host, CPA, and Amazon bestselling author. He spent over 20 years as a special agent with IRS-Criminal Investigation chasing tax evaders and money launderers around the globe. Currently, he is the principal member of Nordlander CPA, PLLC, a boutique forensic accounting and tax resolution firm.
This episode poses a very unique perspective on taxes compared to what we normally discuss and I think is great information for business owners to hear. There is also a small true crime element to this episode as we discuss certain examples from Roberts's past.
What you’ll hear in this episode:
[3:06] Introduction to Robert and his background
[5:36] Clarifying some of the misinformation around white-collar crimes.
[7:06] What constitutes a tax crime?
[10:15] What actually happens legally if you make a mistake in your taxes?
[13:20] What are the repercussions if your tax preparer does something sketchy on your tax return that you are unaware of?
[18:22] What are some ways that small business owners either intentionally, or unintentionally, evade taxes?
[23:12] As an employer, how often do you need to pay and remit payroll taxes for it not to be considered criminal? What implications might this have for your employees?
[28:19] What is the proper path to report suspicion of a tax crime or fraud?
[30:13] What advice to Robert have for small business owners trying to stay out of trouble with the IRS?
Connect with Robert:
https://www.linkedin.com/in/robert-nordlander/
Social security benefits link: https://www.ssa.gov/myaccount/?gclid=Cj0KCQjwmtGjBhDhARIsAEqfDEedTdU819mUi-8AhDQp1cfdl8sTXXkBYDS7Acn9E7B4nu565CIp_j0aAmmtEALw_wcB
Related episodes:
IRS Reporting Threshold for the 1099K - Roundtable Recap
How to Pay Yourself Based on Your Business Structure
What is a W-9 and Who Needs One?
Find everything you need at https://www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/
Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa
Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/
Hire us: https://www.fitnancialsolutions.com/accounting
See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator
Find me on IG https://www.instagram.com/shannonkweinstein/
Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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Find everything you need at https://www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/
Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa
Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/
Hire us: https://www.fitnancialsolutions.com/accounting
See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator
Find me on IG https://www.instagram.com/shannonkweinstein/
Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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Regardless of your position on the path to success in business, it is inevitable that you will encounter challenges. Every step you take towards elevating your business invites new hurdles. As a resilient business owner driven by an entrepreneurial mindset, you inherently yearn for growth and the accompanying challenges. The crucial factor lies in acknowledging the existence of these challenges and triumphing over them with unwavering composure and professionalism.
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Find everything you need at https://www.keepwhatyouearn.com/
Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa
Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so/
Hire us: https://www.fitnancialsolutions.com/accounting
See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator
Find me on IG https://www.instagram.com/shannonkweinstein/
Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
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