So Amran did not show income coming in on his income property investments? Did he ever file a Schedule E? That is an IRS tax form for rental and investment income. I have filed that form for over 18 years now, am very careful about rental deposits and expenses. I have not deposited cash occasionally, but always? I would be scared to not show any income from my income properties for years on end.
Maybe since he was a foreigner he did not know the tax code concerning property investment, maybe that is why he never got audited as he had no intent to defraud, because he was from Pakistan and did not know our tax laws?
So Amran did not show income from property investments? Did he ever file a Schedule E?.....
an IRS tax form for rental and investment income. I, myself, would be scared to not show any income from my properties for years on end.
Maybe since he was a foreigner, "Imran did not know the US tax code WRT property investment?"
.....he had no intent to defraud; he was from Pakistan and did not know our tax laws?
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He could have copped the "hillary no intent defense" but he was pretty savvy about all other financial dealings.
So I dont think that defense holds water for him.