Tax Law Blog

Concealment of assets, shell companies, and $32 billion in assets. All the trappings of significant tax fraud, but the responsible party in this scheme is a church.

Each year, the Internal Revenue Service (IRS) reminds U.S. taxpayers who have funds in foreign bank accounts to file a report to identify and place a value on those accounts. The report is called a Report of Foreign Bank and Financial Accounts...

The U.S. Supreme Court handed the Internal Revenue Service (IRS) a loss in a case related to penalties for nonwillful failure to file an FBAR.

The Supreme Court of the United States recently denied a petition to review the plight of a taxpayer who was assessed an egregious fine for failing to file a report of Foreign Bank and Financial Accounts (FBAR).

The European Parliament (EU) has voted to strengthen its ability to “unshell” companies suspected of tax evasion.

It is no secret that the ultra-wealthy generally make use of tax-avoidance strategies. Paying less tax means more wealth accumulated. Recent information leaked from offshore tax havens reveals some of the ways the wealthy keep their money in the...

Depending upon their use, corporate tax havens are a sensation or a scourge. Tax havens offer a low- or no-tax option for corporations and wealthy individuals looking to shelter assets from an unstable economy or as a tax buffer for substantial...

An “eggshell” audit is an IRS audit with potentially serious consequences. An eggshell audit is what it sounds like, a sensitive audit in which you hope the IRS does not look too closely at your financial dealings.

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.

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