Tax Law Blog

Act 60 is a framework to attract investment and business to Puerto Rico by providing lucrative tax breaks. The initiative has gained a lot of attention, more recently from the Internal Revenue Service (IRS).

An early crypto influencer recently resolved a federal investigation into mail fraud and tax evasion, paying roughly the same amount he was accused of avoiding.

Like dollars, crypto that has been illegally sourced must be cleansed of its tarnish. How does that happen?

Despite relentless volatility, bitcoin and other cyber-currencies are having a moment as the new administration rolls back regulatory efforts and pushes for a national digital asset stockpile.

Each year IRS Criminal Investigation (IRS: CI) releases its top ten list of tax crimes of the past year. The selections highlight the height of criminal tax fraud and the lengths that defendants go to mint money—if only for a little while. The...

With a new incoming administration, possible tax cuts, impactful legislation, and a lot of change lie ahead.

It is no surprise that crypto-fraud dominates the IRS:CI top ten list for 2023. Digital coin, money laundering, and tax fraud are common bedfellows. To prove the durability of crypto in tax crime, the #3 cryptocurrency case is not even about real...

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.

Criminal intent takes many forms on the internet. Our #7 entry on the IRS:CI top ten crimes prosecuted in 2023 is a defendant who made his living on the Silk Road.

As we count down the top ten IRS:CI scams of 2023, crypto fans will be interested in #8, a defendant who manipulated blockchain tech to earn millions—and a prison term.