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Category: Tax Evasion

IRS targets 3 professions in 7 tax cases

The Internal Revenue Service (IRS) has started 2019 strong. In addition to collecting taxes in April, the agency has also already finished up seven big tax cases. These cases targeted three specific professions: Healthcare. The IRS and Department of Justice (DOJ) continue to crackdown on allegations of healthcare fraud. The government […]

Tax Evasion

Swiss bank to settle tax evasion allegations with DOJ

The United States Department of Justice (DOJ) has joined in the fight against tax evasion. A recent case involving a Swiss bank provides an example of the government’s interagency efforts to hold those who evade tax obligations accountable for their wrongdoing. The agency has reached a settlement with the Swiss […]

Tax Evasion

IRS closes OVDP, but streamlined procedures continue

Over the last decade, offshore account compliance has been at the top of the IRS priority list. The first of the Offshore Voluntary Disclosure Programs began in 2009. The strong interest led the IRS to create several iterations over the years. As of late 2016, the IRS reported that 55,800 taxpayers had […]

Tax Evasion

IRS accuses four of tax crime based on FATCA violation

The Foreign Account Tax Compliance Act (FATCA) is a tool the government uses to help better ensure United States citizens comply with tax obligations. This law requires foreign financial institutions to report information about United States customers to the U.S. government. Under this law, a foreign bank must report any […]

Tax Evasion