Tax Law Blog

Our countdown of the top ten tax crimes of 2024 has come to an end. The final two entries outline a calculated fall from grace by a crypto bro, and a civilian army employee who helped herself to funds intended for military families.

Even as the regulatory environment in Washington eases, a top tool of the Internal Revenue Service—the Suspicious Activity Report (SAR)—is receiving more attention these days. What is a SAR and why is it important to the IRS?

On the 2024 Internal Revenue Service Criminal Investigation (IRS-CI) Top Ten federal tax crime list, numbers four and three represent legacy tax frauds—long-running scams that earned operators a lot of money—and lengthy prison sentences.

A well-structured offshore trust can protect assets, grow wealth, and avoid unnecessary taxes. If you are considering an offshore tax haven, it is important to understand the issues involved with moving assets offshore.

The U.S. Treasury Department recently announced that a law aimed at increasing corporate transparency and reducing money laundering will not be enforced.

Globally and at home, money laundering is illegal, highly profitable—and a big problem.

Taking a more collaborative approach to fighting financial crime, the Internal Revenue Service (IRS) recently announced a new initiative for working with banking institutions to fight tax crime.

A “card room” is a seemingly quaint term for a place where people mix, mingle, and play cards. One California card room got a fast lesson in financial reporting that resulted in a Consent Order and a $900,000 fine.

Around and around it goes. A Florida financial advisor rolled the dice on fraudulent tax shelters, filing false income tax returns, and money laundering—and he appears to be heading for a reckoning.

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...