Taking a fresh swipe at transnational tax crime, the Joint Chiefs of Global Tax Enforcement (J5) recently announced a crackdown on enablers of global tax fraud and the inappropriate use of cryptocurrencies.

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Concealing assets and value in foreign bank accounts during divorce can lead to an IRS criminal tax investigation.

 

For high wealth individuals and couples, the use of offshore tax havens is common.  When done legally, placing wealth in offshore...

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Secret offshore tax havens get a lot of bad press.  What are some good reasons to consider a foreign bank account?

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Successful prosecution of high profile cases like those involving Paul Manafort and Michael Cohen would seem to burnish the reputation of the Internal Revenue Service (IRS) as hard on crime—but is it?

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We often discuss IRS criminal investigations.  Real-world examples are a good way to examine choices made by those who deceive the IRS and often see prison time and financial penalties as a result.  So how does one of these criminal tax matters get...

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The Department of Justice (DOJ) reported its first conviction of failing to comply with the Foreign Account Tax Compliance Act (FATCA).  The matter involved a former CEO of Loyal Bank.

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A recently released report looks at tax fraud convictions in the United States in 2017.

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Here’s a thought—economists suggest new corporate tax cuts won’t spur significant wage growth or capital investment because multinational companies were already stashing their cash in offshore tax havens.

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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...

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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.

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