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How the IRS Reconstructs Income in Tax Fraud Cases - Part 2

Presented by Michael DeBlis III

(22 Ratings)
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Course Description

Length: 59min    Published: 3/18/2025    
In one of the climactic scenes from 1954’s On The Waterfront, Crime Commission prosecutors had to make their corruption case against union boss Johnny Friendly (a/k/a Michael Skelly) by convincing a reticent yet pure-hearted Terry Malloy to come forward and tell what he knew about corruption in the International Longshoremen’s Association, beginning with the murder of Joey Doyle, because an underling insisted that “we were robbed last night and can’t find no books.” If that same case came up in 21st Century tax court, Eva Marie Saint and Karl Malden could’ve stayed at home rather than serving as Marlon Brando’s cheering section, because government prosecutors could reconstruct the ILA’s income, based on the records retention requirements in Section 6500 et seq. In this course, we will discuss the elements of the federal tax evasion statute and delve into the methods that the IRS uses to reconstruct income in tax fraud cases.
Learning Objectives
* Net worth method and defenses
* Rebutting the cash hoard defense
* Bank deposit and cash expenditures method
* Indirect Methods to Prove Overstated Deductions
* Appellate Review
Read the course transcript.

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Presented By:

Michael DeBlis III

Bloomfield, NJ

973-783-7000

mjdeblis@deblislaw.com

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