Category Archives: News

What Happens if You Commit Tax Fraud?

While there’s a difference between negligence and intentional tax fraud, the IRS has serious consequences for anything they deem to be tax evasion. Taxpayers that make the conscious decision to lie when filing their taxes are playing a risky game with dangerous consequences. Though statistics show that the average tax refund is $3,000, some taxpayers try their best to increase their refund by adjusting the numbers in their paperwork. Rex Burgdorfer Apple Podcast shares that this type of misrepresentation is considered tax fraud and can result in the following situations:

1. The IRS Will Audit You

The first thing to consider when deciding what amount to file on your taxes is that the IRS already knows how much you’ve received in the past year. The IRS receives W-2s and 1099s from all your employers, so they already have the documentation reporting all your income. If you’ve accepted unreported payments by check or cash, the IRS will track your financial activity and monitor the income that hasn’t been reported.

If the IRS identifies this type of activity, they may decide to audit you. In an audit, the IRS extensively reviews your financial records and taxes to determine whether you’ve reported everything accurately. While less than 1% of taxpayers will be audited, failing to properly report your earnings will put you at risk for such situations.

Should you ever be audited, you’ll find that this costly and time-intensive process will require you to provide years-worth of documentation as well as in-person interviews. In the event of an audit, experts like Rex Burgdorfer Medium recommend hiring a professional to act as your legal representation.

2. You’ll Face Heavy Fees and Penalties

Taxpayers that decide to write inaccurate information on the taxes in order to increase their refund or lower their tax bill may ironically cost themselves more in penalties and fees in the future. If the IRS does perform an audit and find errors, they will charge you with steep penalties. Rex Burgdorfer Apple Podcast warns that taxpayers that don’t make their payment by the tax liability due date will face late payment penalties. Moreover, if they under-report their income, they may still be charged this late payment.

This late penalty is just the beginning of the added fees in this type of situation. The IRS may also charge interest on this underpayment. Individuals that are charged with tax fraud or tax evasion likely have to pay hefty fines worth several thousand dollars.

3. You May Experience Criminal Charges

Criminal charges often accompany the penalties and fees that are a result of tax fraud. Rex Burgdorfer Medium warns that tax fraud is considered a felony and is punishable with up to five years in jail. Likewise, failing to properly report financial accounts or foreign bank accounts can result in an even longer prison sentence.

A criminal investigation into tax fraud may start with an IRS auditor detecting fraud during their audit. While most people aren’t likely to face audits, the courts convict $3,000 people a year for tax fraud. Though the chances are low that you’ll face criminal charges for lying on your taxes, the consequences aren’t worth the risk of spending several years behind bars.

It can be gut-wrenching to discover your tax refund is significantly lower than you thought it would be. Similarly, it can be even more disappointing to discover that you owe the IRS money. Regardless of how tedious filing your taxes can be, it’s essential to input your information as accurately as possible. Let this information inspire to file your taxes properly and on time to avoid the potential consequences of tax fraud

5 Business Intelligence Myths Debunked

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Today, numerous organizations are taking a passive approach towards Business intelligence. This happens while the competitor takes approaches like data mining in relation to market share, growth patterns, customers and product information with the aim to elevate their place in the marketplace. To understand the fear of business intelligence shown by numerous companies, it is important to analyze the myths.

Myth#1: Good Business intelligence originates from only digital solutions.

The IDC communication channel confirms that data preferences often varies in relation to what type of interaction the customers want. When a high –percentage of customers choose voice calls as their topmost way of reporting problems with a service or good then the organization should try to meet these needs by getting insights across channels. A good example is that even with social media as a digital solution gaining the spotlight, voice still takes the top role through the provision of insights which have similar potential levels of the website and social media insights. This means that the business intelligence solutions should be used based on the intended audience.

Myth#2: Only major corporations benefit from Business intelligence

It is a fact that big and small organizations utilize the available expertise and tools to make company decisions. This means that the size of the data should not limit the use of good business solutions to enhance the organization’s operations. Market competition today often relies on customer review, ratings and feedback. This means that even the small organizations can compete with the big organizations. For this reason, embedded BI (business intelligence)- should not be taken to be too costly. There are tools today which are less costly and can serve the purpose just as well. These tools are also user-friendly for instance having an SQL web server hosted on a Google or Amazon database. Handling BI manually can prove to be more costly, however, with a cost-benefit analysis, a business owner can slowly bring the business to maturity in terms of decision making, product development. It would be extremely helpful for small organizations to have tools which transform raw data into meaningful insights enabling the leaders to make sound decisions.

Myth#3: The only valuable data is structured data

This is a myth because both unstructured & structured data are similarly valuable. Importantly, there are gray areas when it comes to the data in that some unstructured data with the use of embedded analytics tools can be structured. For instance, A company can use excel to delineate using predetermined words for a product like Twitter, using unstructured coding, teams can measure feedback using the formula that is aligned to the type of coding on which the twitter platform works. Such an approach does not have the burden of structured data but can deliver with the same accuracy and small margin of error as the structured BI tools. This means that overanalyzing of data raises costs and drains resources. The solution is to use the gray area which involves mining data that is unstructured in a more cost-effective manner.

Myth#4: Data is good at any time

This myth does not take into account that data moves and that real-time dashboard create the best opportunities to get and act on the data. Insights depreciate fast whereby yesterday’s data may not be valuable in a week. For this reason, issues should be addressed promptly. Devaluing of data can happen when the relevant data are not captured in real time using dashboards. Text embedded analytics are often able to decode data from conversations and the sentiments of topics through social media, reviews and product ratings, idea portals, logs of chats and customers who have community discussions online. This means that customer intelligence assists customer care centers to identify a crisis before it happens, proactively detect warranty issues, quality issues or acquire new ideas.

Myth#5: It would require the building of robot process automation by a data scientist to mine data

Tools used in business intelligence are not as technical and complicated that they would require IT, experts. BI does not just mean the use of algorithms. It can also apply to the translation of a customer report, working with the clients as partners by having them actively engaged to ensure that the vision is completely true to the objectives. Working with the clients, ad-hoc reporting can be created and the client taught on how to use the ad-hoc reporting from the business intelligence. They can also be involved in future creative procedures or in strategies to optimize data for results for a longer duration. Also, there has been a growth in self-service data tools which has made it possible for users not trained in business intelligence to use it. This makes the relevant decision makers able to access the content of embedded BI uninhibited making it possible to have quality decision making.

Ian Leaf New Zealand

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New Zealand is a beautiful country located in the South Pacific Ocean. This country is a host of many tourist attraction sites. Not many countries can boast of the numerous natural wonders, New Zealand has. There are snow-capped peaks, sparkling coves, glaciers, rainforests and beautiful rivers which you can check out. There is a place called Rotorua which is among the biggest geothermal areas in the world; you can observe the powerful forces which caused the formation of beautiful landscapes, springs, and mud ponds.

Well to top it all there are luxurious hotels a, lodges and inns you can stay in during your visit.

Here are some of the attractions. Fiordland National Park and Milford Sound is a world heritage place and safeguards the magnificent scenery of the New Zealand. Glaciers molded this remarkable landscape forming Fjords of Milford, Dusky along with Doubtful Sounds. You witness the gushing cascades, offshore islands, virgin rainforest, lakes and mountain peaks. Hikers can enjoy walks in this beautiful park.

Bay of Islands is another famous vacation site. About 144 islands surround the bay; you can yacht, and sail here. The waters are home to a vast variety of dolphins, whales, and penguins. Furthermore, You can hike and kayak along the coastal trails.

Queenstown, South Island is another site tucked between the shores of Lake Wakatipu and the peaks of Remarkables. This town is a top destination site for foreign tourists. You can do bungee jumping, white-water rafting, rock climbing, biking, skiing among other activities.

Lake Taupo and Tongariro National Park in the North Island. Lake Taupo is New Zealand’s largest Lake while Tongariro Park features fascinating volcanic activities. Arid plateaus, meadows, hot springs and turquoise. It has a lot of significance in the Maori Culture. It is a world heritage site and is among the oldest parks globally.

Rotorua in North Island is among the most active Geothermal regions on the planet. There are the boiling mud pools, geysers, volcanic craters, and steaming thermal springs. Explore this geothermic marvels on your next travel. While here also you can do other activities like sky-diving, luging, trout fishing and mountain biking.

Others attractions include Franz Josef and Fox glaciers, Abel Tasman National Park, Mount Cook National Park, South Island and Napier, Hawke’s Bay, North Island.

Ian leaf is the founder of Ian leaf corporation. He is the chief investigator of Ian leaf Fraud watcher; an organization that aims to prevent and detect fraud. One of his quotes is “It’s so easy to lose sight of the basics after a while, and sometimes we are all prone to making the assumption that we have not forgotten those first lessons that were learned so long ago.”

Ian Leaf Corporation

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One of the worse things is a person’s life is being robbed or shammed out of something financial or material value. The feeling can be painful, full of regret, anger, sadness or a mixture of both. Good thing there is corporation out there who pledge to fight against scanners worldwide. Ian Leaf Corporation is the leader of fraud and scam prevention worldwide. With nearly 20 years of service thus corporation seems to be heading in the right direction providing protection for those scammers prey upon. When Mr. Leaf hears of the newest scams or fraud you can find the alerts and ways to avoid them on his website, blog or books that he has written.

Safety is Key
With a sense of security being the backbone of Ian’s mission he thrives daily to obtain the most knowledge on those who try to take that security away.

Exponential Expansion
Since the Ian Leaf Corporation’s birth in 1997 more and more people have joined the cause. One of the biggest affiliates to the company was the creation of Ian Leaf HFC. Being founded with the help of a close colleague Ian Andrews, both men have nearly half a century of experience with over 47 years combined and climbing. If you want the latest on fraud and scam prevention these two are the best.

Word Around Town
Ian Leaf Corporation is well known in key metropolitan areas of the United States. Chicago being a prime example of benefiting from the fraud prevention specialist. He found a rental scam being spread on Craigslist and got the word out. This selfless act potentially saved millions of people who live in the city from being scammed out of their hard earned money. He accomplished this by making the Chicago Tribune aware of the foul play which in turn wrote a story making the city and state take notice. Take the everyday fear out of life with Ian Leaf Corporation and Ian Leaf HFC.

Ian Leaf tax fraud expert

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Tax fraud is a very serious thing punishable by fines or even jail. Tax fraud is when a person doesn’t pay taxes they are by law to pay, or withholding information on a tax form. Ian Leaf tax fraud specialist has released a guide for avoiding tax fraud. Ian Leaf says fraudsters will steal people’s personal information to commit tax fraud and recommends keeping an eye on your credit report year round and reporting suspicious activity you see right away. Ian Leaf is a consumer advocate specializing in tax fraud prevention. Ian Leaf has been trying to make the public more aware of the dangers of people being scammed resulting in tax fraud. Imagine finding out you’re going to serve a few years in prison and have to pay restitution and not knowing why. Ian Leaf is trying to prevent situations like this from happening. It’s better to be educated about the dangers of this now than waiting till it happens to you.