As far as reputation, the United States lost some gloss this year.  A non-governmental organization (NGO) that combats global corruption ranked the US six spots lower in their annual Corruption Perceptions Index.

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The 2019 winter government shutdown was another blow to the beleaguered agency that collects your taxes and checks to see whether your FBAR is all that it should be.

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Tax Day, on April 15, is fast approaching.  After being sentenced to a year in prison for failure to file, it is a pretty good bet that a Colorado businessman will remember to file this year. 

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While it seems like an awkward term, a US person is a designation used by the Internal Revenue Service (IRS) to identify who must file taxes in this country.

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Sometimes accountants take advantage of their clients to make a buck. Sometimes, the client is in on it, like this one. A Mississippi federal jury recently convicted certified public accountant Carl Nicholson of conspiracy to defraud the United...

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Actor Wesley Snipes has a long-running history of tax controversy with the IRS.  In November, 2018, Mr. Snipes was handed another defeat when an IRS decision to reject his offer-in-compromise was upheld by the United States Tax Court.

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In December, a New York State resident pled guilty to failing to pay over employment taxes to the Internal Revenue Service.  Falling behind on withholding payroll taxes—or failing to pay them—is a common and serious form of tax fraud.

 

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The Panama Papers leak has yielded its first criminal indictment in the United States.

 

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A high-flying bio-tech investment advisor will report to prison in March, 2019, to serve a 30-month sentence.

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What do maritime flags and the expensive purchase of citizenship have in common?  Oftentimes, tax fraud.

 

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