Tax Law Blog

If you have a foreign bank account, hopefully you have heard about FATCA. FATCA enables the long arm of the US Treasury to require foreign entities to report offshore tax monies and assets held by US taxpayers to that agency.

Avoiding allegations of tax crime is important for anyone—especially business owners or high asset individuals who are more likely to become targets of an IRS criminal investigation.  When we talk about “criminal tax matters,” what do we mean? ...

Few people enjoy paying taxes, but some taxpayers avoid taxes, while others evade them—what’s the real difference?

A new report from the European Commission offers sobering facts about the amount of wealth held in offshore tax havens.

Filing false tax returns and failure to file reports on wealth held in foreign bank accounts netted a California businessman almost two years in prison.

Caught up in the ongoing IRS Swiss Bank Program investigation of undeclared foreign assets, Zurich Life Insurance Company agreed to pay the US $5.1 million to settle claims of offshore tax fraud.

Finance & Development, the quarterly magazine of the International Monetary Fund (IMF), recently took a look at the crises ensuing from corruption and the global use of secret offshore tax havens.

For a specific group of expatriates, the Internal Revenue Service (IRS) recently announced new procedures for clearing out old tax debt.

Things just continue to get worse for Deutsche bank. In free fall from civil and regulatory investigations that have stretched on for years, Deutsche is now facing scrutiny on criminal charges.

Despite reduced budget resources and flagging morale, the Internal Revenue Service maintains a keen interest in tax crimes that involve opaque tax havens and money laundering.