Tax Law Blog

Ownership information collected from U.S. companies under the Corporate Transparency Act (CTA) will be deleted when an interim rule is finalized by the end of the 2025 calendar year.

Following an IRS Criminal Investigation (IRS-CI) case, a Seattle business owner facing allegations of filing false tax returns and tax evasion decided to go to trial — and lost.

The Internal Revenue Service (IRS) is encouraging taxpayers to obtain an Identity Protection PIN (IP PIN) as a necessary step to avoid tax fraud around tax returns.

Around and around it goes. A Florida financial advisor rolled the dice on fraudulent tax shelters, filing false income tax returns, and money laundering—and he appears to be heading for a reckoning.

In the fourth case in our countdown of the IRS:CI 2023 Top Ten Tax Crimes, a longtime crusader for the use of Bitcoin to replace currency is going to prison and paying back (in cash) the $3.5 million he swindled.

In April, the Tax Court ruled in favor of the taxpayer in Farhy vs. Commissioner of Internal Revenue. The findings of the court will be challenged as the IRS recently appealed the case.

Synthetic identity fraud is a driving factor behind tax crime and other forms of theft and financial fraud.

The number one case for criminal tax fraud in 2021, as ranked by the Internal Revenue Service Criminal Investigation unit (IRS:CI), was a family affair involving federal COVID relief programs.

An ongoing trial in New York City focused on criminal tax fraud continues with trial delays due to COVID-19.

Tax fraud associated with income tax returns is a perennial pick for prosecution by the Internal Revenue Service (IRS). A recent case in New York City illustrates the pursuit of such cases and an outcome that could have been worse.