Tax Evasion: Don't Get Caught Cheating the IRS

Tax Evasion is a big problem in the US. In fact, according to the Treasury Department, the wealthiest Americans are failing to pay as much as $163 billion dollars per year in taxes. AND Just recently, Omi the hellcat arrested for committing tax evasion and could be going to prison for a long time. Subscribe: https://bit.ly/2HJlq46 👉 Work with Us: https://schedule.lyfetaxes.com/discov... So in this video, I want to clear up what tax evasion is, who goes to jail for it, and a lot more... Time Chapters Intro (0:00) #1 What is Tax Evasion? (1:00) Tax Crime Investigation Statistics (2:00) #2 What Triggers Tax Evasion? (3:54) Unreported Income (4:45) Intentional False Statements (5:32) #3 How Does the IRS Catch Cheaters? (6:34) #4 What Happens if you Commit Tax Evasion (8:30) Suggested video to watch next: "Tax Avoidance vs Tax Evasion"    • Tax Avoidance Vs Tax EVASION: The Differen...   More Popular Uploads: 5 Grants to Start a Small Business:    • 5 Grants to Start a Small Business (for St...   Single Member LLC, What You Must Know:    • Single Member LLC: What You Need to Know T...   Tax Planning for Beginners:    • How to Build a Tax Plan (Tax Planning for ...   Tax Secrets:    • Tax Secrets: What “They" Don’t Want You to...   How to Start a Business:    • How to Start a Business in 2025: Your Step...   Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! Smart Money Start-Up Course ($149 Special Offer): https://lyfeaccounting.com/how-to-sta... /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).