Tax Law Blog

IRS:CI has a unit that responds to specialized areas of tax crime. The International Tax and Financial Crime (ITFC) group focuses on fraudulent activity involving offshore tax holdings, financial institutions, and foreign bank accounts.

To the big surprise of no one, Credit Suisse is back in the headlines after a whistleblower leaked information about 18,000 Swiss bank accounts.

For a number of reasons, you may be interested in opening a foreign financial account. Stateside, it is pretty easy to open a bank account but offshore, it pays to know a little bit about the system.

Whether you live abroad or stateside, there are advantages to using foreign bank accounts. Like offshore tax investments, it is important to know what you are doing, and to be aware of potential downsides of these types of accounts.

In a speech, the U.S. Treasury Secretary pointed out that the U.S. is a leader—in tax fraud and money laundering.

With the move to remote work, the Internal Revenue Service (IRS) continues to work to deter and prevent cyberattacks on confidential taxpayer information.

Tax crime pays—for a while. A North Carolina couple recently learned how expensive tax fraud can really be.

The Cowboy Cocktail is not an interesting after-hours beverage. It is a potent combination of a made-in-Wyoming trust added to often unregulated, infrequently scrutinized private companies.The Cowboy Cocktail put Wyoming on the global leaderboard...

With tax season underway, don’t forget your annual FBAR report is due in April too.

Even among those who prepare false income tax returns, Ivan Backstrom is a standout.