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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.
The Panama Papers leak has yielded its first criminal indictment in the United States.
A high-flying bio-tech investment advisor will report to prison in March, 2019, to serve a 30-month sentence.Read More
What do maritime flags and the expensive purchase of citizenship have in common? Oftentimes, tax fraud.