As far as reputation, the United States lost some gloss this year. A non-governmental organization (NGO) that combats global corruption ranked the US six spots lower in their annual Corruption Perceptions Index.Read More
The 2019 winter government shutdown was another blow to the beleaguered agency that collects your taxes and checks to see whether your FBAR is all that it should be.Read More
While it seems like an awkward term, a US person is a designation used by the Internal Revenue Service (IRS) to identify who must file taxes in this country.Read More
You or your company might underreport your income a little. Maybe you don’t reveal all of your foreign holdings on your FBAR. Or, maybe you cooked up a scam over a few years that finds you claiming deductions you have no hope of being able to...Read More
The Panama Papers leak has yielded its first criminal indictment in the United States.
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.Read More
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...Read More
Secret offshore tax havens get a lot of bad press. What are some good reasons to consider a foreign bank account?Read More
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?Read More
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...Read More