Tax Law Blog

The United States Department of Justice has announced that an Anchorage, Alaska, plastic surgeon concealed bank accounts in Panama and Costa Rica from the IRS. His 48 month prison sentence stems from wire fraud and tax evasion. Highlights from the...

Last time, we mentioned the recent indictment of former U.S. Tax Court judge Diane Kroupa. As we noted, it isn’t clear how much knowledge Kroupa had of the alleged false deductions claimed by her husband, nor of other wrongdoing in connection with...

Depending on who you are, tax scandals may not be all that interesting of subject matter. When the scandal involves somebody who should know better, though, it is a bit more interesting. Recently, former U.S. Tax Court judge Diane Kroupa was indicted

A federal grand jury returned an indictment on March 22, charging the operator of an anti-aging skincare company in Dayton, Ohio, with one count of corruptly endeavoring to impair and impede the Internal Revenue Service (IRS), two counts of aiding...

On April 3, journalists revealed blockbuster evidence that dozens of world leaders, public figures, celebrities and billionaires may have hidden assets offshore with the help of a Panamanian law firm called Mossack Fonseca and a network of big banks...

A Newington, Connecticut, insurance salesman was convicted of tax fraud in the U.S. District Court for the District of Connecticut in Hartford following a seven-day jury trial, announced Acting Assistant Attorney General Caroline D. Ciraolo of the...

A Germantown, Tennessee, resident and business owner pleaded guilty to failing to pay over employment taxes to the Internal Revenue Service (IRS) the Justice Department’s Tax Division announced:

American companies have done it. Why can’t you? It’s inversion, the tax-avoidance strategy used by Burger King, Medtronic and other giants to avoid paying the Internal Revenue Service. By merging with a foreign corporation, the U.S. companies can...

The odds, the statistics and simple logic are all in your favor. Despite all of that, you might find yourself being audited by the Internal Revenue Service. If you find that you’ve beaten the odds and defied logic and become a statistical anomaly,...

For those residents who might have been keeping assets in the Cayman Islands comes some possibly unsettling news: the Department of Justice recently announced guilty pleas from Cayman National Securities Ltd. and Cayman National Trust Co. Ltd. The...