Tax Law Blog

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?

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...

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.

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

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.

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...

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.

Every good thing must come to an end, and the Internal Revenue Service (IRS) Offshore Voluntary Disclosure Program (OVDP) is one of them.

If you have investments in foreign banks or tax havens, the chances are good that you are aware of your offshore reporting obligations.  But if the acronyms FATCA and FBAR have you puzzled, we can help.

To identify and reduce tax evasion through offshore tax accounts, US citizens are required to annually report assets held in foreign bank accounts.  FATCA is a regulation that requires just such a filing.