A French court recently pounded Swiss financial giant UBS Group with a record high fine and penalty after finding the entity sought and then helped clients stash their unreported cash in Swiss accounts to avoid paying French taxes.Read More
The filing date for the Foreign Bank and Financial Accounts (FBAR) report is coming right up. While filing on time allows you to fulfill your responsibilities as an American taxpayer, it also helps you avoid the sizeable penalties you can incur for...Read More
It started with a 63-count indictment in 2013. It ended with 121 months in federal prison in 2019. Here is the story of how not to manage your affairs if you are charged with tax fraud.Read More
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
A November 2018 memorandum from the Internal Revenue Service (IRS) establishes new methods for handling voluntary disclosure of offshore accounts.Read More
Bright lights, big city and tax fraud: the story plays out repeatedly and did so again, only this time it involved the storied Friars Club of Manhattan.
In a large-scale fraudulent tax return scheme based on identity theft, a Missouri man and his accomplices garnered more than $12 million in ill-gotten tax refunds from the IRS.Read More
Described as a doyenne of the New York art scene, gallery owner Mary Boone intends to ask for leniency after pleading guilty to allegations of tax crime that were the result of an IRS criminal tax investigation.