YENKO DEUCE REGISTRY
Reged: 04/27/00
Posts: 10003
Loc: PA
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It's a better strategy to build the tax effect into your price, pay the correct amount, and go on with your life - sure beats looking over your shoulder. Keep in mind, fraud has no statute of limitations!!!
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Marlin
70 Yenko Nova-LT1, M21, 4.10's
69 SS Nova-L78, M20, 3.55's
67 RS Camaro-LF7, M35, 3.08's
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Hylton
old hand
Reged: 11/20/03
Posts: 847
Loc: Canada
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Quote:
.... Keep in mind, fraud has no statute of limitations!!!
Are you sure about that Marlin? I hope so but the way some of these guys have been operating, you'ld think otherwise.
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A bunch of Camaros
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njsteve
Reged: 11/21/03
Posts: 2813
Loc: NJUSA
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Tax fraud essentially has no statute of limitations because the statute of limitations runs from the time it is first discovered by the IRS and not when the person originally committed it.
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YENKO DEUCE REGISTRY
Reged: 04/27/00
Posts: 10003
Loc: PA
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Exactly. The IRS will not allow fraud to have a 'life' of it's own, only the 'life' they give to it after they find it! 
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Marlin
70 Yenko Nova-LT1, M21, 4.10's
69 SS Nova-L78, M20, 3.55's
67 RS Camaro-LF7, M35, 3.08's
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Hylton
old hand
Reged: 11/20/03
Posts: 847
Loc: Canada
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Sure but what about consumer fraud? Assuming the person who had commited the fraud paid his taxes on the illegally acquired gains, the IRS has nothing to do with the actual fraud act.
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A bunch of Camaros
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YENKO DEUCE REGISTRY
Reged: 04/27/00
Posts: 10003
Loc: PA
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Then it's not tax fraud.
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Marlin
70 Yenko Nova-LT1, M21, 4.10's
69 SS Nova-L78, M20, 3.55's
67 RS Camaro-LF7, M35, 3.08's
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