A bipartisan effort to require American businesses to develop anti-money laundering programs to better detect and deter dirty money from investment in the U.S. is making its way through Congress.

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After years of speculation, a Spanish judge recently authorized a trial on charges of tax fraud against pop singer Shakira.

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The pandemic and the Great Resignation untethered a lot of people from office work. Today, your workplace could be an on-site office, at home, or a remote office. For some, that remote office is on the road in the U.S. or abroad. Digital nomads...

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The Senate Finance Committee recently released an investigative report that identifies a loophole allowing offshore banks to accept and hold funds for U.S. taxpayers without reporting to the IRS.

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An online Puerto Rican bank owned by an American investor has reached a settlement to liquidate the bank after a J5 investigation into tax evasion led to its suspension.

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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...

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Last month, we talked about the Taxpayer Bill of Rights (TBOR). This month, we will look at another consumer resource, the National Taxpayer Advocate, and the recent fiscal year Objectives Report to Congress.

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

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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.

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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.

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