Tax Law Blog

Is failure to file disclosures of offshore tax a criminal tax crime? It depends.

McDonald’s has agreed to pay French tax authorities $1.3 billion to settle civil and criminal cases against the company.

Offshore financial centers offer options to people and governments interested in protecting and growing their wealth. Some promote tax fraud, while others do not.

McKinsey & Company is in hot water again as French officials paid a visit to their Paris offices in search of evidence of tax fraud.

The long arm of the Internal Revenue Service (IRS) reaches for monies you keep anywhere in the world. Accurate reporting is key to remaining compliant and off the radar of the IRS.

New research finds the Internal Revenue Service (IRS) is aiming civil audits at low wage earners, demonstrating a confounding approach to a group less known for tax fraud than those with greater wealth.

In testimony before the House, IRS Commissioner Rettig provided an update on the significant processing backlog at the Internal Revenue Services (IRS).

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.