Tax Law Blog

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.

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.

The charges against the defendant in the number five spot on the IRS:CI countdown run the gamut from money laundering to tax evasion, media piracy, and more.

A federal judge in Alabama ruled in favor of the National Small Business Association in finding that the requirements of the Corporate Transparency Act (CTA) constitute congressional overreach.

It is a longshot to win the lottery, right? A father and his sons set out to beat the odds and ended up in the IRS:CI top ten for an elaborate tax crime.

In a recent statement to the House Committee on Financial Services, the Director of FinCen explained its mission and purpose in enacting the Corporate Transparency Act (CTA) which became effective at the first of this year.

Passed by federal legislators in 2022, the Corporate Transparency Act (CTA) takes aim at deterring tax fraud and money laundering. The Act went into effect on the first day of 2024.

Once again, Deutsch Bank finds itself in the U.S. Federal Reserve’s gunsights for its failure to fix its anti-money laundering (AML) practices. This time, it is costing them $186M.