Tax Law Blog

Question: When is a disclosure agreement not a disclosure agreement? Answer: When a party signing the disclosure fails to disclose. This unenviable position returned a Swiss Bank to the cross-hairs of the Internal Revenue Service (IRS), earning it a...

A one-time campaign advisor to President Donald Trump faced federal heat on 18 counts in a Virginia courtroom.  A major contributor to his woes?  Tax fraud and unreported offshore tax holdings.

Who knows how to play the system better than those who work with it every day?  Sadly, the lure to gamble professional expertise for money proved too much for Alena Aleykina, a former special agent for the IRS Criminal Tax Investigation Unit.

In order to provide incentive to encourage use, exchange, provision, and development of alternative fuels, the Internal Revenue Service (IRS) offered a Biodiesel Mixture Credit. Two Colorado business entrepreneurs took advantage of the credit—and...

Hired to prepare tax returns, Texas tax preparer Shermin Marshall instead schemed to divert funds for his own use.

A San Francisco area CPA was convicted, along with his client, of tax crimes related to the failure to report income for a period of four years, resulting in no income taxes being assessed for this same period. Now, they are both facing steep...

Payroll taxes are a hard and fast responsibility of those who employ others.  For two C-Suite execs, their desire to conceal a business downturn got the better of their common and fiduciary sense.

Last week, a Federal Grand Jury handed down an indictment for one Mississippi CPA for one count of conspiring to defraud the United States, four counts of filing false tax returns, and six counts of aiding in the preparation of false tax return....

Every good thing must come to an end, and the Internal Revenue Service (IRS) Offshore Voluntary Disclosure Program (OVDP) is one of them.

Newly released documents illustrate the havoc created within a now-defunct Panamanian law firm after a whistleblower leaked 2.6 terabytes of data that pierced the veil around the money hiding habits of the world’s elite.