How much money has been recovered in the 3 years since the Panama Papers story broke? These documents exposed a network of tax havens across 200 countries. When they were released on April 3, 2016, people around the world were shocked to learn about...

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Last year, the new tax plan affected many employees' paychecks: They received an increase. Isn't more money a good thing? Not necessarily. It proved troublesome because several Americans discovered they received too much money, meaning they owed...
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It's often common practice to take what one learns on the job and apply it to their personal life. However, in a case last month, a former IRS employee and attorney proved he hadn't learned enough, and was convicted, by a federal jury in Nevada, of...

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Employment tax fraud was a poor prescription for a Virginia business owner.

 

Virginia resident, Jerry Harper, Jr., is a pharmacist who owns five pharmacies in the Western District of Virginia.  By combining accounting practices for his five...

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The Department of Justice (DOJ) reported its first conviction of failing to comply with the Foreign Account Tax Compliance Act (FATCA).  The matter involved a former CEO of Loyal Bank.

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Despite a duty to turn over employment taxes to the Internal Revenue Service (IRS), some business owners are tempted to withhold that money.  When they do—it can lead to an IRS audit, or worse, an IRS criminal tax investigation.  For a Michigan man,...

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Question:  When is a disclosure agreement not a disclosure agreement?  Answer:  When a party signing the disclosure fails to disclose.  This unenviable position returned a Swiss Bank to the cross-hairs of the Internal Revenue Service (IRS), earning...

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Newly released documents illustrate the havoc created within a now-defunct Panamanian law firm after a whistleblower leaked 2.6 terabytes of data that pierced the veil around the money hiding habits of the world’s elite.

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Offering an example of one of its “Dirty Dozen Tax Scams,” the Internal Revenue Service (IRS) permanently barred a tax professional from preparing tax returns for others.

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Using their internet floral business, a Pennsylvania couple engaged in multiple forms of tax fraud that will land them in prison.

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