Skip to Content

U.S. to Ease Initial Enforcement of FATCA

With FATCA set to take effect on July 1, financial institutions around the world have been lobbying to delay implementation of the law, citing concerns about costs and potential disruptions to global markets. Over the weekend of May 3rd, the Treasury Department announced that it would not strictly enforce many […]

Articles

The Shifting Landscape of the OVDP Opt-Out

Since the IRS announced the 2009 Offshore Voluntary Disclosure Program (OVDP) over five years ago, our firm has been assisting taxpayers submit accurate and complete disclosures in accordance with the program guidelines and procedures. The evolution of the OVDP through the 2011 and 2012 programs has brought a longer look-back […]

Articles

The FATCA: Newest Example of American Imperialism

As part of the 2010 Hiring Incentives to Restore Employment (HIRE) Act, the authority of the Internal Revenue Service (IRS) will soon reach across international borders to tax or fine foreign financial institutions (FFIs) and non-financial foreign entities (NFFEs). The FATCA Makes FFIs and NFFEs Do the IRS’s Dirty Work […]

Articles

Criminal Charges for Return Preparer Fraud

A tax return preparer is any individual who accepts payment for preparing “all or a substantial portion of a tax return or claim for refund under … the Internal Revenue Code.” Making a little more income over tax season by preparing returns for family and friends could put you into […]

Tax Crimes

Giving when it hurts: fake charities and tax fraud

“It is better to give than to receive,” the old saying goes. Philosophers such as Peter Singer are exploring the deeper aspects of this statement, probing the sense in which giving is a key act of moral agency. There are, however, also plenty of fraudsters and scammers who take advantage […]

Tax Crimes