Insights

A federal investigation into the personal and political dealings of Dallas County commissioner John Wiley Price and his associates has gone public, and may have taken a step closer to the filing of formal charges, as witnesses began appearing before a federal grand jury as part of what promises to […]

The Internal Revenue Service issued new guidelines in early June regarding its voluntary disclosure program to mitigate penalties for failing to report income in Swiss bank accounts and other offshore locations to avoid tax liability. Some U.S. taxpayers will have 90 days beyond the August 31, 2011, deadline to disclose […]

Texas IRS Tax Attorney Every year, the Criminal Investigations Division of the IRS sets goals for the number of criminal tax investigations it will complete and the rate of conviction it wants to achieve. In recent years, the IRS has stepped up its enforcement efforts, driven by policies that emphasize […]

When you or your business is facing a complex tax law issue, a sophisticated tax lawyer can be of great assistance and can help you protect your rights and interests. Tax law can be confusing and intimidating, with a unique set of rules and a language of its own. An […]

The Internal Revenue Service (IRS) recently highlighted some the top abusive tax scams for 2011. Activities such as, hiding income in offshore accounts, identity theft, return preparer fraud and filing false or misleading tax returns forms the Service’s the annual list of “dirty dozen” tax scams in 2011. “The Dirty Dozen […]

With the rollout of the 2011 Offshore Voluntary Disclosure Initiative (OVDI), the Internal Revenue Service is offering “incentives” through reduced penalties to those who have either knowingly or unknowingly failed to report income from monies in foreign bank accounts. This is the second such initiative in the last few years […]

Failing to disclose bank accounts and earnings to the Internal Revenue Service (IRS) is generally a practice that can bring legal difficulties, particularly in recent years when the focus has been placed on investigating offshore accounts. The IRS has vast resources at its disposal and does not hesitate to use […]

According to a Reuters report, bankers with HSBC conspired with a New Jersey businessman to hide bank accounts in India and avoid detection from the Internal Revenue Service. The indictment is another indication of the widening probe into offshore accounts, and into HSBC, by federal investigators. Vaibhav Dahake, who has […]

Recently the Internal Revenue Service (IRS) has stepped up its enforcement efforts to ensure that non-profit organizations comply with tax laws and regulations. The Exempt Organizations (EO) Examinations office is tasked with analyzing the operational and financial activities of exempt organizations. According to a recent IRS report highlighting the accomplishments […]

In late 2009, officials with the Internal Revenue Service (IRS) began to examine the issue of foreign vessels operating on the Outer Continental Shelf (OCS) in the Gulf of Mexico. The agency was concerned that these vessels were registering under foreign flags in an attempt to avoid paying the required […]