Category Archives: Tax Crimes
IRS Teams Up With Other Nations To Attack Cryptocurrency Tax Crimes
The IRS and four other countries have created a task force to investigate cryptocurrency crime, including tax fraud and money laundering. U.S. tax authorities will work with those from Australia, Canada, the U.K. and the Netherlands to counter “the growing threat” from cryptocurrencies. Known as the Joint Chiefs of Tax Enforcement, or J5, the… Read More »
Federal Grand Jury Indicts Ex-Chairman of Public Health Trust on Grounds of Tax Evasion, Fraud
While he campaigned for an $830 million bond referendum paid for by Miami-Dade taxpayers in 2013, the then-board chairman of Jackson Health System, the county’s public hospital network, refused to pay personal income taxes and then dodged the IRS’s collection efforts, a Miami grand jury said in a criminal indictment unsealed last week. Darryl… Read More »
Tax Reform Impacts Resolutions of False Claims Act Enforcement Actions
The tax reform law passed in December 2017 establishes requirements and conditions for the tax deductible treatment of payments made to the government to resolve enforcement actions. See 26 U.S.C. § 162(f) (2018); see also Pub. L. No. 115-97, § 13306, H.R. 1 (Dec. 22, 2017). The new provisions hold important implications for defendants… Read More »
IRS to End Offshore Voluntary Disclosure Program on September 28, 2018
The Offshore Voluntary Disclosure Program, which offers US taxpayers the chance to pay substantially less in back taxes, interest, and penalties on unreported offshore accounts and assets, will close come September 28. The Internal Revenue Service aims to stay actively engaged in the international tax arena, so taxpayers with unreported offshore accounts and assets… Read More »
