Tax Law Blog

Once synonymous with wealth and endowment of the arts and sciences, the Sackler family, owners of Purdue Pharma, face years of legal challenges for their role in the opioid crises and related charges—include tax fraud.

For many taxpayers, tax season is over. However, if your company or tax return is a complicated landscape, you may have yet to file.  What is your confidence level about the individual or business that is preparing your return?

The long reach of the Panama Papers document leak toppled another executive after international tax fraud and money laundering allegations came to light.

A recent legal case profiles the determination of the Internal Revenue Service (IRS) to pursue and collect on tax fraudsters and those who do not report offshore tax holdings.

Admitting it advised and helped its clients avoid paying US taxes, Israeli bank Mizrahi-Tefahot agreed to pay $195 million as part of a deferred prosecution agreement.

Criminal tax investigations are often aimed at business owners or C-suite executives.  Just as often, it is the rank-and-file who perpetrate tax fraud.

On the local and global stage, celebrities and high-asset persons turn up in headlines for alleged tax fraud. In Spain, Shakira is facing allegations that she failed to pay more than $16 million in taxes.

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.

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...