It is not just taxpayers that are penalized for using abusive tax shelters, Wells Fargo recently lost a precedent-setting appeal to the Eighth Circuit. Essentially, Wells Fargo sought to avoid penalties levied on the company by a lower court finding.

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Some people file false income tax returns, and others embellish or otherwise engage in tax fraud on their annual returns. Then there are the taxpayers that just do not file at all—the Internal Revenue Service (IRS) calls them “nonfilers.”

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While talking big and selling fake facts may not raise eyebrows today, Michael Cooper, founder of The Tax People, made big news for a short time selling tax fraud in the late 1990’s. Convicted of criminal tax fraud, Mr. Cooper went to federal prison...

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The Criminal Investigation unit of the IRS (IRS-CI) collaborates with international partners to identify, investigate, and prosecute a variety of crimes around the world.

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A Miami business man will spend two years in prison and still owe a tax bill of almost $10 million.  There has to be a better way.

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In response to the COVID-19 crises, the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act gives business owners and individual taxpayers some relief from the sudden shock of a stalled economy. In addition to understanding...

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

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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.

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While some may glaze over at the thought of another annual report, the latest report from the Internal Revenue Service Criminal Investigation Unit (IRS CI) offers a little something extra—a backward glance at 100 years of tax crime fighting since...

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What started as a fight against extradition to the US turned into formal charges of tax fraud for a Russian banker—even as he fights to regain his health.

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