Tax Law Blog

After being rescued two years ago by competitor the Union Bank of Switzerland (UBS), Credit Suisse is making headlines again for the same transactional behavior that saw the Zurich-based bank stumble into disrepute in the first place.

For most mistakes, minor infractions, or errors, the Internal Revenue Service (IRS) will assess a penalty with interest. If the IRS believes a tax crime was committed, the outcome could be different.

Considering a foreign bank account? It pays to know where your money might be going.

In late December, a federal court judge authorized a summons from the Internal Revenue Service (IRS) requiring businesses associated with Trident Trust Group to produce information regarding foreign bank accounts and offshore tax havens used by U.S....

Years after the stunning revelations fueled by the Panama Papers, Nordea Bank was charged by Danish authorities with involvement in $3.7 billion in questionable transactions. Stateside, Nordea recently settled allegations by New York authorities...

Offshore tax havens, foreign bank accounts, and shell companies are legitimate tools often used for wealth management, asset protection, and tax planning. For many, these strategies provide essential support in navigating complex global financial...

Saving the best for last, the top two IRS:CI tax fraud matters of 2023 take a broad swipe at a multitude of IRS regulations from failure to file an FBAR report to money laundering, and tax fraud based on biofuel tax credits.

The Internal Revenue Service (IRS) is using its historic underfunding to explain why it has failed to pursue high-asset Americans taking unlawful advantage of tax breaks in Puerto Rico.

A federal judge in Alabama ruled in favor of the National Small Business Association in finding that the requirements of the Corporate Transparency Act (CTA) constitute congressional overreach.

Banking offshore can save you money or lead you down a path to a potential tax crime. How does that happen?