Tax Law Blog

Is failure to file disclosures of offshore tax a criminal tax crime? It depends.

The Report of Foreign Bank and Financial Accounts (FBAR) is filed annually. While the FBAR was due on April 15, it is not filed as part of a personal income tax return. For those filing late, the Internal Revenue Service offers an automatic...

Offshore financial centers offer options to people and governments interested in protecting and growing their wealth. Some promote tax fraud, while others do not.

A professor charged under a sweeping initiative to uncover Chinese espionage in the U.S. was instead convicted of failing to disclose an offshore bank account.

The long arm of the Internal Revenue Service (IRS) reaches for monies you keep anywhere in the world. Accurate reporting is key to remaining compliant and off the radar of the IRS.

Knowing how to reduce tax liability can be a boon to Americans who move or work abroad.

A recent exposé looks at the role of registered agents against the larger backdrop of domestic tax fraud and secrecy surrounding foreign bank accounts.

New research finds the Internal Revenue Service (IRS) is aiming civil audits at low wage earners, demonstrating a confounding approach to a group less known for tax fraud than those with greater wealth.

An IRS civil tax audit can be a slippery slope toward a far-reaching IRS criminal tax investigation. If you understand the process, you may have a better chance of avoiding a criminal tax charge.

Whether you live abroad or stateside, there are advantages to using foreign bank accounts. Like offshore tax investments, it is important to know what you are doing, and to be aware of potential downsides of these types of accounts.