Tax write offs for police officers
Is There a Connection?
Stephens conducts financial planning seminars throughout the San Francisco Bay Area and Arizona. If you suspect tax fraud or know of an abusive return preparer, you should report this activity to the IRS. He suggests that source officers live within their salary and put at least one half of their raises into their deferred compensation account. A police officer's transportation costs to their normal work station from home is not tax deductible. Please go to www.
Enforcing the Laws and Paying Taxes: Is There A Connection? When you became a law enforcement officer, you took an oath to fairly and here enforce the laws under your jurisdiction. This is a serious responsibility that affects many aspects of your personal and professional life.
The public's perception of you is based not only on the way you enforce the law, but also on the way you comply with the law. The Internal Revenue Service, Criminal Investigation Division, has seen an increase in the number of investigations and prosecution recommendations of tax professionals who prepare false income tax returns for clients who are primarily law enforcement officers.
Taxpayers are responsible for the accuracy of all entries made on their tax returns, including all related schedules and supporting documentation. This is true no matter who prepares your return. Be careful when selecting a tax professional to prepare your return. Severe civil sanctions can also be imposed. A felony conviction for tax evasion will most likely lead to disciplinary action and could end your law enforcement career. Here are answers to questions law enforcement personnel commonly ask about taxes.
- Is There A Connection?
- This is a serious responsibility that affects many aspects of your personal and professional life.
- Officer Duane Collins retired from the San Francisco Police Department on January 8,
What Income is Taxable? Law enforcement officers, like all taxpayers, must pay the correct amount of tax on all income they receive unless that income is specifically excluded by the Internal Revenue Code.
Reportable income includes your salary as a law enforcement officer as well as any income you earn from outside employment, such as being a security guard or a retail sales person. How Should You Report This Income?
You must report the total amount of income you receive regardless if you received this income in the form of cash, check or in exchange for services. What Happens If You Do Not Report Your Income?
For example, in Fiscal Yearthe average defendant sentenced for tax violations was incarcerated in over 81 percent of all cases. The average time of imprisonment was two years.
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For law enforcement officers, a tax conviction could impede your ability to continue in a law enforcement position. Criminal prosecution for tax violations, at a minimum, can impair an officer's credibility as a witness in any future criminal proceedings and could lead to disciplinary action, including dismissal.
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What Tactics Do Dishonest Tax Preparers Use? These can include but are not limited to: In fact, many of the expenses are inflated or non-deductible. There is no such thing! Ask your return preparer to prove a deduction exists before you sign your return. What Should You Do If You Filed Returns In The Past That You Know Are False or Incorrect? You should amend these returns by filing a Form X, Amended U. Individual Income Tax Return, for the years in question and pay any amount of tax due or owing.
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You have a duty to obey all laws, including the tax laws that apply equally to all taxpayers. You are part of a noble and rewarding profession; don't jeopardize your career by becoming involved in tax fraud. Where Do You Report Suspected Tax Fraud Activity? If you suspect tax fraud or know of an abusive return preparer, you should report this activity to the IRS.
Law Enforcement Officers should report suspected return preparer fraud to Criminal Investigation, Refund Crimes. Internal Revenue Service, Fresno, CA