IRS is turning up the heat on OnlyFans contributors.
Criminal tax violations require an intentional violation of a known legal duty. In other words, the taxpayer has to know the law and break it on purpose. The old adage,In general, for United States taxpayers,means all income, whatever the source derived. But for those taxpayers who are self-employed or operate a business, a deduction is allowed for expenses that are ordinary and necessary.
OnlyFans content creators and the CPAs who received subpoenas should retain tax defense counsel, as soon as possible. Ideally the creators and their CPAs will retain separate counsel. Why? Because they may have different stories to tell. It is possible that the creators will say, “My CPA is the one who told me to deduct this,” while the CPA may say, “I told my client deducting this might be risky.
Something else to remember: just because the government has served a subpoena doesn’t mean these content creators did anything wrong. In general, someone who is served a subpoena will fall into one of three categories:A witness is someone who has information that is germane to the investigation. The government is not seeking to prosecute witnesses, but needs information that the witness has. A witness can be asked for documents, interviews, testimony, or some combination of all three.
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