Tax Law Blog

During tax season, FBAR and FATCA reporting impacts US persons who have foreign bank accounts or offshore tax holdings. So, what does that mean?

Pakistan remains on the grey list of the Financial Action Task Force (FATF). What is the “grey list” and why does it matter?

Reality often bites. The Internal Revenue Service (IRS) drove that point home recently with a top five list of their most prominent prosecutions in 2020.

Two principals of the defunct law firm behind the notorious Panama Papers scandal sued Netflix for its allegedly defamatory depiction of them in the movie, “The Laundromat.”

In the waning days of the Trump administration, a federal prosecutor laid charges against an MIT professor as the parting salvo in the China Initiative, a program targeting the secret drain of proprietary secrets from the US to China.

In hot water for its money laundering activities, credit-card company Capital One fessed up and will pay for its lack of guardrails around suspicious financial transactions.

Ready or not, a new tax season is upon us.

The Internal Revenue Service (IRS) reports a big jump in the number of people filing individual tax returns.

Let’s say it happened to you. You received a notice for an IRS civil tax audit, you traded documents and telephone calls with the IRS, and you just got the letter from the IRS concerning the findings of the audit. According to the Internal Revenue...

In July 2020, the Chief of IRS Criminal Investigation (CI) announced the end of his longtime tenure at the Internal Revenue Service (IRS). Current CI deputy chief James Lee has become the new Chief of CI.