Tax Law Blog

Secret Swiss accounts, loose gems, and shell companies figured prominently in the case against a Connecticut resident who pled guilty to tax crimes and failure to report on offshore assets.

Ongoing budget cuts appear to be weakening the enforcement efforts of the Criminal Investigation branch of the IRS, according to its most recent annual report.

If you are an American with foreign accounts living stateside or abroad, the foreign bank account report (FBAR) is an important annual obligation. Let’s talk about why.

For overseas holdings in excess of $10,000, US residents are required to file a Report of Foreign Bank and Financial Accounts (FBAR). One Connecticut man, with over $28 million in overseas accounts, failed to do so and has pleaded guilty to the...

A Beverly Hills resident was recently indicted by a federal grand jury for a slew of tax violations, including corruptly endeavoring to impede the internal revenue laws, filing false tax returns, claiming exemptions he did not qualify for, and...

Stereotypically, strip club owners tend to be portrayed as a bit slimy and underhanded, to say the least. In the case of one Vegas strip club owner, those stereotypes weren't far from the truth. The man in question went full monty on tax fraud by...

It's a long-time notion that rich Americans stash their cash overseas accounts to avoid paying their dues to Uncle Sam. But, those lofty ideas are quickly fading. Three Southern California residents have been sentenced to prison for hiding millions...

Allegations of tax fraud can happen to anyone. The allegations can be made against the tax filings of a single individual or a large corporation. The penalties that result can be crippling both to current finances and to the social reputation of the...

Tax season is upon us. It is easy to make mistakes when putting together tax forms, but some errors are more difficult for the Internal Revenue Service (IRS) to overlook than others. Three blunders that often cause suspicion include:

The Internal Revenue Service (IRS) is cracking down on foreign accounts with an iron fist. This was made clear when a former professor at the University of Rochester was not only fined $100 million for failing to disclose foreign bank accounts in...