In the second largest penalty obtained by the Department of Justice, Israel’s sprawling Bank Hapoalim admitted to a systemic program whereby its officials and branches laundered money and actively helped US taxpayers set up offshore tax accounts to...

Read More

A false income tax return may mean different things to different people. How, you ask? There are different types of actions or omissions that broadly constitute tax fraud.

Read More

A new British levy is expected to raise £100m to fund anti-money laundering efforts in the United Kingdom.

Read More

Relieving some stress on a country devastated by viral illness, the Internal Revenue Service (IRS) pushed back the traditional filing dates for income tax returns this year.

Read More

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? ...

Read More

If you are a “United States person” and hold a foreign bank account with enough value during the year, you probably owe the Internal Revenue Service a Report of Foreign Bank and Financial Accounts (FBAR).

Read More

Micro-captive tax shelters are not popular with the Internal Revenue Service (IRS).  What are they and what is the problem with micro-captives?

Read More

On the second day of 2020, the Internal Revenue Service (IRS) helpfully announced that on January 27, 2020, it is open season on the 2019-2020 tax season.

Read More

“Citizenship for investment,” does the term sound familiar?  The EU is cracking down on tax havens that put a price tag on citizenship.

Read More

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

Read More