Tax Law Blog

Years after the stunning revelations fueled by the Panama Papers, Nordea Bank was charged by Danish authorities with involvement in $3.7 billion in questionable transactions. Stateside, Nordea recently settled allegations by New York authorities...

The Internal Revenue Service (IRS) recently released the latest collection of everything-IRS for the fiscal year ending September 20, 2023. Not surprisingly, it is called the IRS Data Book.

The Internal Revenue Service (IRS) is synonymous with tax collection and tax enforcement. The enforcement unit within the IRS that investigates and pursues tax crime is called Criminal Investigation (IRS:CI).

Involvement in tax fraud can lead to serious financial penalties and prison. The Internal Revenue Service (IRS) uses specific terms to discuss and investigate fraud which are worth understanding from a compliance and litigation perspective.

Saving the best for last, the top two IRS:CI tax fraud matters of 2023 take a broad swipe at a multitude of IRS regulations from failure to file an FBAR report to money laundering, and tax fraud based on biofuel tax credits.

Each year, the Internal Revenue Service (IRS) releases an annual list of the schemes and scams being used against U.S. taxpayers every day. It's called the Dirty Dozen. The list is of interest to those who want to avoid being scammed and to those...

It is no surprise that crypto-fraud dominates the IRS:CI top ten list for 2023. Digital coin, money laundering, and tax fraud are common bedfellows. To prove the durability of crypto in tax crime, the #3 cryptocurrency case is not even about real...

Each year, the Internal Revenue Service Crime Investigation (IRS:CI) unit releases its annual report. The report provides an inside look at the priorities, practices, and success rates of IRS:CI endeavors to reduce tax crime and encourage compliance.

In the fourth case in our countdown of the IRS:CI 2023 Top Ten Tax Crimes, a longtime crusader for the use of Bitcoin to replace currency is going to prison and paying back (in cash) the $3.5 million he swindled.

When audited by the Internal Revenue Service (IRS), it is important to understand the focus of an audit and whether there is concern for a civil mistake or criminal wrongdoing.