When the IRS puts out a carrot, it doesn’t necessarily leave it out indefinitely. For example, the agency has rolled out more than one program in recent years regarding the disclosure of previously unreported offshore accounts. But in order to encourage participation, these programs typically come with an ending date. […]
Category: Tax Evasion
Concerns about the Foreign Account Tax Compliance Act (FATCA) have been deep-seated and widespread since Congress passed the law in 2010. On its face, FATCA is supposed to target tax evasion on offshore accounts. In practice, however, the new law has posed major implementation challenges. For taxpayers in Texas and […]
It’s been 20 years now since two successive nominees for the prestigious position of U.S. attorney general had to withdraw due to “nanny tax” problems. Two decades is of course a considerable chunk of time. And yet the complexities of tax law for household employers continue to remain a challenge. […]
Tax evasion charges can take many forms. Sometimes they involve reporting requirements on offshore accounts. In other cases, there may be questions about whether a taxpayer properly reported income. It can be easy to underreport, especially if you are self-employed. The same challenge is present for those who take side […]
The Internal Revenue Service has announced new rules that some Texas residents may want to pay attention to. The first rule that the IRS has begun implementing requires the banks of customers who have offshore accounts to provide more details about their customers’ income. The federal government says the new […]
A Texas man has pleaded guilty to several charges surrounding an alleged Medicare scheme. The charges include conspiracy to commit health care fraud, conspiracy to commit money laundering, and tax evasion. The man and a number of unidentified accomplices were said to have used a variety of vehicles to transport […]
An apparent misunderstanding has a Schertz, Texas, real estate investor facing probation after being found guilty of tax evasion in another state. The 73-year-old man owned National Real Estate Traders Inc., which operated in the St. Paul, Minnesota, area for many years. Investigators determined that the man and his wife […]
It probably comes as no surprise to those in Texas and elsewhere that the federal government prosecutes alleged tax crimes with a heavy hand. After all, the government relies upon tax revenue to fund its operations. That means that a conviction of tax crimes can potentially lead to hefty fines […]
A Texas woman is free on bond prior to sentencing after pleading guilty to federal tax charges. The charges of tax evasion carry a maximum sentence of $750,000 in fines and 15 years in prison. The woman owes the Internal Revenue Service $239,300. The woman owned and operated a day […]
Weary Detroit residents simply cannot escape the political corruption headlines. While Texas has seen its fair share of corruption over the years, the city of Detroit has been hammered with it. On Oct. 3, a former fundraiser for Kwame Kilpatrick, the ex-mayor of Detroit, pled guilty to tax evasion and […]