U.S. Owners of Foreign Corporations Faces Tax Penalties Due to Offshore...
The post U.S. Owners of Foreign Corporations Faces Tax Penalties Due to Offshore Disclosure Failures appeared first on Tax Attorney. While many individuals are now aware that they are obligated to...
View ArticleThree Orange County, California Taxpayers Plead Guilty to Offshore Tax Fraud...
The post Three Orange County, California Taxpayers Plead Guilty to Offshore Tax Fraud through Foreign Bank Accounts appeared first on Tax Attorney. At one point in time, wealthy Americans routinely...
View ArticleU.S. Residents with Undeclared Foreign Bank Accounts go to Prison while Swiss...
The post U.S. Residents with Undeclared Foreign Bank Accounts go to Prison while Swiss Bankers get Probation appeared first on Tax Attorney. Last week, Michele Bergantino, an Italian citizen and Swiss...
View ArticleLos Angeles Businessman Sentenced to 24 Months in Prison Over Foreign Bank...
The post Los Angeles Businessman Sentenced to 24 Months in Prison Over Foreign Bank Account appeared first on Tax Attorney. According to a press release by the Department of Justice, Masud Sarshar, a...
View ArticleFBAR Non-Compliance Results in Sanctions of $1,000 a day for a Taxpayer
The post FBAR Non-Compliance Results in Sanctions of $1,000 a day for a Taxpayer appeared first on Tax Attorney. Taxpayers who fail to consider and comply with offshore financial account reporting...
View ArticleU.S. Expatriate Taxpayers: Tax Filing and Foreign Account Reporting Due Dates...
The post U.S. Expatriate Taxpayers: Tax Filing and Foreign Account Reporting Due Dates Are Quickly Approaching appeared first on Tax Attorney. Some American citizens and tax residents may decide that...
View ArticleI didn’t file my 2016 FBAR or FATCA; Can I Fix my Noncompliance?
The post I didn’t file my 2016 FBAR or FATCA; Can I Fix my Noncompliance? appeared first on Tax Attorney. Taxpayers are increasingly aware that of foreign account disclosure obligations. Since at least...
View ArticleFOIA Response Suggests Canadian Bank & Tax Information was Improperly Sent...
The post FOIA Response Suggests Canadian Bank & Tax Information was Improperly Sent Directly to the IRS appeared first on Tax Attorney. American expats living in Canada, U.S.-Canadian dual...
View ArticleJoint IRS-ICE Investigation Results in Restaurant Owner Going to Federal Prison
The post Joint IRS-ICE Investigation Results in Restaurant Owner Going to Federal Prison appeared first on Tax Attorney. With funding dwindling for many government agencies, it is becoming commonplace...
View ArticleTennessee Couple Sentenced on Tax Evasion Charges
The post Tennessee Couple Sentenced on Tax Evasion Charges appeared first on Tax Attorney. According to a press release by the Department of Justice, District Court Judge J. Ronnie Greer sentenced...
View ArticlePermanent Resident Lawyer’s Attempt to Dismiss Enabling Alleged FBAR and Tax...
The post Permanent Resident Lawyer’s Attempt to Dismiss Enabling Alleged FBAR and Tax Noncompliance Enforcement Action Fails appeared first on Tax Attorney. On this blog, we have long warned readers...
View ArticleTaxpayer’s Decades-Long FBAR Failures Has Court Considering Contours of...
The post Taxpayer’s Decades-Long FBAR Failures Has Court Considering Contours of ‘Willfulness’ Standard appeared first on Tax Attorney. Violations of the obligation to file a Report of Foreign Bank and...
View Article73-Year-Old Woman Pleads Guilty to Holding, Concealing Undisclosed Offshore...
The post 73-Year-Old Woman Pleads Guilty to Holding, Concealing Undisclosed Offshore Accounts appeared first on Tax Attorney. On this blog, we have long warned taxpayers that keeping secret offshore...
View ArticleStory Update: Florida Businessman Handed Lengthy Sentence in Tax Fraud Case
The post Story Update: Florida Businessman Handed Lengthy Sentence in Tax Fraud Case appeared first on Tax Attorney. Earlier this year, we reported on Casey Padula, a Florida businessman that pleaded...
View ArticleBeverly Hills Man Indicted for Alleged Tax Fraud
The post Beverly Hills Man Indicted for Alleged Tax Fraud appeared first on Tax Attorney. California resident Teymour Khoubian was indicted by a federal grand jury for allegedly impeding the internal...
View ArticleIRS Introduces National and International Criminal Enforcement Initiatives
The post IRS Introduces National and International Criminal Enforcement Initiatives appeared first on Tax Attorney. We have previously reported on the IRS Criminal Investigations Division (CID), the...
View ArticleU.S. Tax Evasion Charges Settled by Swiss Asset Manager
The post U.S. Tax Evasion Charges Settled by Swiss Asset Manager appeared first on Tax Attorney. Prime Partners, a Geneva-based asset management firm has agreed to pay $5 million to the United States...
View ArticleIRS Wins Fight to Exclude Its Own Position on the Willfulness Standard from...
The post IRS Wins Fight to Exclude Its Own Position on the Willfulness Standard from Court appeared first on Tax Attorney. We previously wrote about a taxpayer that was fighting a civil penalty for...
View ArticleDepartment of Justice to Change Position on Sentence Recommendations for FBAR...
The post Department of Justice to Change Position on Sentence Recommendations for FBAR Cases appeared first on Tax Attorney. For the better part of this decade, the Department Justice Tax Division,...
View ArticleCould the Manafort Indictment Affect the GOP Tax Reform Package?
The post Could the Manafort Indictment Affect the GOP Tax Reform Package? appeared first on Tax Attorney. Mere days before November 2, 2017, when House Speaker Paul Ryan unveiled highlights of House...
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