Although we do not envisage a case like that of German Pensioner Cornelius Gurlitt, your tax nightmare could be just around the corner.
Three years ago, Mr Gurlitt underwent a routine customs search on a train in Switzerland and Bavrarian officials became suspicious after discovering that he was carrying 9,000 euros in cash.
Subsequently, Mr Gurlitt was suspected an undeclared living and, subsequently, he was investigated for tax evasion.
Tax authorities secured a search warrant for Mr Gurlitt’s Munich apartment in 2012. As the police offers entered his home, their jaws dropped.
Housed in the apartment was a collection of 1,500 artworks confiscated by the Nazis in the 1930s and 1940s. Experts put the value of the collection at approximately one billion euros (£846 million).
So, BEWARE, a routine tax enquiry can be a nightmare in the making.
Don’t be caught out. Contact KinsellaTax today and sleep without “Nightmares”.