Tax Fraud/Evasion/Crimes

Archive for Tax Fraud/Evasion/Crimes

14 Nov 2017

OECD Launches Effective Inter-Agency Co-Operation in Fighting Tax Crimes and Other Financial Crimes

More than 200 global tax and economic crime experts have identified key areas for international action following the fifth OECD Forum on Tax and Crime, in London. In a week dominated by media coverage of offshore issues, the Forum brought experts on tax, customs, anti-corruption, anti-money laundering, policing, and prosecution together to agree priorities for action.

The Forum is the latest in a series of OECD-led events and an important opportunity for the international community to strengthen collaboration in tackling these global issues.

One comment | Tags: London, OECD, Tax Advisor, Tax Crime, William Byrnes

07 Nov 2017

Written by Clinton Donnelly | Posted in Donald Trump • Expatriate • FATCA • FATCA Prosecutions • FBAR • Foreign Entity • Foreign Income • Foreign Investments • Foreign Transactions • Form 8938 • Individual • International • Tax Fraud/Evasion/Crimes • Tax Penalties • United States

What Can We Learn From Paul Manafort’s Tax Problems?

What will the IRS do with Paul Manafort if the special prosecutor’s allegations are true? On October 30, 2017, the special prosecutor released an indictment against Paul Manafort, former campaign manager for President Trump, related to his actions as an unregistered agent of the Ukraine government. The prosecutors allege that Manafort had opened 16 foreign companies and conspired to money launder over $18 million of payment through these companies.

4 comments | Tags: Clinton Donnelly, FATCA, Fraud, money laundering, Paul Manafort, Tax Advisor

03 Nov 2017

Written by William Byrnes | Posted in FBAR • Foreign Investments • Tax Fraud/Evasion/Crimes

Green Card Holder Pleads Guilty of Failing to File FBAR and Report UBS Account, Will Pay More than Half the Assets in FBAR and Tax Penalties

A Greenwich, Connecticut man pleaded guilty October 26, 2017, to failing to report funds he maintained in foreign bank accounts to the Department of Treasury, announced Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division, U.S. Attorney Dana J. Boente for the Eastern District of Virginia, and Chief Don Fort, IRS Criminal Investigation.

No comments | Tags: Connecticut, Criminal Investigation, FBAR, IRS, penalties, Tax Advisor, William Byrnes

18 Aug 2017

Written by William Byrnes | Posted in Tax Fraud/Evasion/Crimes

U.S. Attorney & Swiss Firm To Resolve Tax Investigation

Prime Partners SA Will Pay $5 Million in Forfeiture and Restitution; Receives Non-Prosecution Agreement As a Result of its Extraordinary Cooperation

Joon H. Kim, the Acting United States Attorney for the Southern District of New York, Stuart M. Goldberg, Acting Deputy Assistant Attorney General of the Justice Department’s Tax Division, and James D. Robnett, Special Agent in Charge of the Internal Revenue Service, Criminal Investigation (“IRS-CI”), announced today that Prime Partners SA (“Prime Partners”) entered into a non-prosecution agreement (“NPA”) with the U.S. Attorney’s Office and agreed to pay $5 million to the United States for assisting U.S. taxpayer-clients in opening and maintaining undeclared foreign bank accounts from 2001 through 2010. Read more

No comments | Tags: Criminal Tax Investigation, foreign bank accounts, IRS, Prime Partners

15 Aug 2017

Written by William Byrnes | Posted in Tax Fraud/Evasion/Crimes

PHH Pays Millions For False Claims Act Liability

PHH Corp. PHH Mortgage Corp. and PHH Home Loans (collectively, PHH) have agreed to pay the United States $74,453,802 to resolve allegations that they violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA), guaranteed by the United States Department of Veterans Affairs (VA), and purchased by the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) that did not meet applicable requirements, the Justice Department announced today. PHH is headquartered in Mount Laurel, New Jersey, and PHH Home Loans operates in Edina, Minnesota. PHH has agreed to pay $65 million to resolve the FHA allegations and $9.45 million to resolve the VA and FHFA allegations. Read more

No comments | Tags: False Claims Act, PHH

10 Aug 2017

Written by William Byrnes | Posted in Tax Fraud/Evasion/Crimes

E-Commerce Company Pleads Guilty to Price-Fixing Conspiracy

Conspiracy Was Conducted Through Social Media and Encrypted Messaging Applications

An e-commerce company and its top executive have agreed to plead guilty to conspiring to fix prices for customized promotional products sold online to customers in the United States. Zaappaaz Inc. (d/b/a WB Promotions Inc., Wrist-Band.com and Customlanyard.net) and its president Azim Makanojiya agreed to plead guilty to a one-count criminal violation of the Sherman Act. Read more

No comments | Tags: Price-Fixing Conspiracy, Zaappaaz Inc

27 Jul 2017

Written by William Byrnes | Posted in Tax Fraud/Evasion/Crimes

Former Banker Pleads Guilty For Conspiring To Defraud The US

A citizen and resident of Switzerland pleaded guilty today to conspiring to defraud the United States in connection with her work as the head of a team of bankers for Credit Suisse AG, announced Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Dana J. Boente for the Eastern District of Virginia. Read more

One comment | Tags: Banker, Credit Suisse, Defraud

25 Jul 2017

Written by William Byrnes | Posted in Tax Fraud/Evasion/Crimes

Canadian Man Pleads Guilty to Conspiring to Defraud U.S.

A Canadian man pleaded guilty today in Rochester, New York to conspiring to defraud the United States and stealing government funds, announced Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and Acting U.S. Attorney James P. Kennedy Jr. for the Western District of New York. Read more

No comments | Tags: Canada, Defraud, Fake Tax Refunds, IRS, Tax Court

15 Jun 2017

Written by Ronald Marini | Posted in Tax Fraud/Evasion/Crimes

Lessons For U.S. Taxpayers Hiding Assets Offshore

Argentine soccer superstar Lionel Messi was sentinced to 21 months in jail after he was found guilty of tax fraud for using offshore companies to avoid paying Spanish taxes on advertising contracts. Read more

No comments | Tags: Accountability, messi, spain, Tax Court, tax help, Transparency

26 Apr 2017

Written by Ronald Marini | Posted in Tax Fraud/Evasion/Crimes

Corporate Executive Must Face Criminal Charges

A software and hospitality executive accused of not withholding federal taxes must face criminal charges after the U.S. Supreme Court refused Monday to consider his challenge of a Sixth Circuit decision holding that those charges are not precluded by a civil suit court order forcing him to work without pay.

No comments | Tags: appeal overturned, federal charges, john rankin

22 Mar 2017

Written by Ronald Marini | Posted in Tax Fraud/Evasion/Crimes

California Businessman Sentenced For Hiding $23.5 MM Offshore!

A Californian businessman was sentenced to 24 months in prison today for hiding more than $23.5 million in offshore bank accounts and evading more than $8.3 Million in Federal Taxes over seven years.

No comments | Tags: Evading Taxes, FBAR, Masud Sarshar, offshore

09 Mar 2017

Written by Ronald Marini | Posted in Tax Fraud/Evasion/Crimes

IRS Investigators Raid Caterpillar Over Swiss Profits

Caterpillar Inc., an American manufacturing icon, used a wholly owned Swiss affiliate to shift $8 billion in profits from the United States to Switzerland to take advantage of a special 4 to 6% corporate tax rate it negotiated with the Swiss government and defer or avoid paying $2.4 billion in U.S. taxes to date, a new report from Sen. Carl Levin, the chairman of the U.S. Senate Permanent Subcommittee on Investigations shows.

No comments | Tags: Caterpillar, IRS, PricewaterhouseCoopers, Swiss Banks, tax avoidance

« Older Entries

Current Articles
- Self-Employment Tax Calculator (Tax Year 2018)
  By Lisa Nason
  Use this calculator to estimate your self-employment taxes. Normally these taxes are withheld by your employer. However, if you are self-employed, operate a farm or are a church employee you may owe […]
- ASC 740 : Corporate International Tax Provision Webinar (Friday, July 29th 2018)
  By Kat Jennings
  (Complimentary Training Webinar For Corporate Tax Professionals) For corporate tax professionals who have smartly attended our complimentary training sessions on how to prepare the corporate tax […]
- IRS Issues Notices On State And Local Tax Deductions
  By TaxConnections Admin
  The U.S. Department of the Treasury and the Internal Revenue Service issued a notice stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for […]
- What Is An Offer In Compromise?
  By Venar Ayar
  An Offer In Compromise (OIC) is essentially an agreement you come to with the Internal Revenue Service (IRS) in order to settle your tax debts. Not everyone who owes a tax debt is eligible for an […]
- How To Request Transcript Of Individual Tax Returns From IRS
  By TaxConnections Admin
  For anyone who needs a transcript of their tax return, it can be requested from the IRS by filling out Form 4506-T Individuals file IRS Form 4506-T to request a tax return transcript for the current […]
Search for:
Blogger List
Recent Comments
- Lawrence Rogers, EA on The New Draft Version 2019 IRS Form W-4 Is A Rage Inducing Abomination
- Nononymous on U.S. Citizens Abroad: What Happens If I Do Not File?
- DANIEL GRAY on U.S. Citizens Abroad: What Happens If I Do Not File?
- Nononymous on U.S. Citizens Abroad: What Happens If I Do Not File?
- Host Kirchner on U.S. Citizens Abroad: What Happens If I Do Not File?
Archives
Archives

Meet Tax Experts At TaxConnections...

Annette Nellen

Director/Professor

San Jose State University

Archive for Tax Fraud/Evasion/Crimes

Current Articles

Blogger List

Recent Comments

Archives

Meet Tax Experts At TaxConnections...

Director/Professor

San Jose State University

San Jose, California

Tax Partner

Mayer Brown

Palo Alto, California

Managing Principal

APTIS Global, LLC

Rancho Santa Fe, CA

Tax Partner

HCVT, LLP

Park City, Utah

Tax Partner

Cherry Bekaert LLP

Raleigh, North Carolina

Tax Partner/Audits

Baker Hostetler

Philadelphia, Pennsylvania

International Tax Lawyer

Bergquist & Rossi

Barrington, Illinois

Tax Practice Leader

Prager Metis CPAs

New York, New York

Managing Shareholder

Nason Accounting

Greenville, South Carolina

Consultant/Tax Technology

Brian Weaver Consulting

Des Plaines, Illinois

Tax Lawyer/International

Thompson Tax Law

Katy, Texas

Tax Advisor/Trust & Estates

Horizon Planning

San Diego, CA

Tax Lawyer

Citizenship Solutions

Toronto, Canada

ASCEND Business Advisory

Certified Financial Planner

Rancho Santa Fe, CA

Tax Advisor/International

Donnelly Tax Law

Panama City, Panama

International Tax

Bergquist & Rossi

Barrington, Illinois

Tax Advisor/Partnerships

JC Marshall, LLC

Scottsdale, Arizona

Tax Advisor/CEO

John L. Stancil, PhD

Lakeland, Florida

Senior Tax Principal

Max Refunds Express

Daytona Beach, Florida

Tax Financial Planner

BA Services

Standish, Michigan

Managing Tax Advisor

AZS Accounting

Orlando, Florida

INCREASE KNOWLEDGE WITH EVERY ISSUE OF TAXCONNECTIONS

Learn from tax advisors, straight to your inbox