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.
Tag Archive for Evading Taxes
U.S. citizens abroad who are noncompliant with their tax obligations but aren’t willfully evading taxes may be able to come into compliance under a new program to be announced by the Internal Revenue Service.
According to prepared Remarks of John A. Koskinen Commissioner Internal Revenue Service Before The U.S. Council For International Business-OECD International Tax Conference on Washington, D.C. June 3, 2014:
“Now, while the 2012 OVDP and its predecessors have operated successfully, we are currently considering making further program modifications to accomplish even more.
We are considering whether our voluntary programs have been too focused on those Read more