Link: http://www.nytimes.com/2013/08/17/business/swiss-lawyer-pleads-guilty-to-conspiracy-in-tax-fraud.html?_r=0 Offshore Tax Fraud prosecutions continue to be one of the major focuses of the IRS.  See the article below: A Swiss lawyer accused of helping American clients conceal millions of dollars in offshore accounts pleaded guilty to conspiracy to commit tax fraud in federal court in New York. The lawyer, Edgar Paltzer, 57, […]

Link: http://www.montrealgazette.com/business/Talk+Money+What+Americans+living+Canada+need+know+about/8692506/story.html What Americans living in Canada need to know about filing taxes   Q: I just heard about an upcoming U.S. law that will penalize Americans who are residents of Canada for not having filed U.S. tax forms. I am an 80-year-old American citizen and Canadian resident for 50 years and I have always […]

Link: http://saratoga.patch.com/groups/police-and-fire/p/saratoga-man-pleads-guilty-to-tax-fraud Saratoga resident Moshe Handelsman pleaded guilty Wednesday to filing a false tax return for tax year 2007, the United States Attorney’s Office said. According to the plea agreement, between approximately 1993 and 2000, Handelsman, a U.S. citizen, used three bank accounts held in the names of two different foreign corporations at foreign banks […]

Link: http://www.aicpa.org/InterestAreas/Tax/NewsAndPublications/taxnews/Pages/20130503-2.aspx   Taxpayers with foreign accounts should be aware of their options prior to making a disclosure to the IRS.  The IRS is aware of Quiet or Soft Disclosures that taxpayers are using to avoid detection.  These disclosures may create a significant audit risk and taxpayers should weigh their options prior to making a […]

WASHINGTON – Because the Internal Revenue Service (IRS) does not always recognize and properly investigate possible tax fraud, it may be missing opportunities to further promote voluntary compliance and enhance revenue, according to a new audit report released publicly today by the Treasury Inspector General for Tax Administration (TIGTA). TIGTA reviewed a statistical sample of […]

WASHINGTON – Because the Internal Revenue Service (IRS) does not always recognize and properly investigate possible tax fraud, it may be missing opportunities to further promote voluntary compliance and enhance revenue, according to a new audit report released publicly today by the Treasury Inspector General for Tax Administration (TIGTA).   TIGTA reviewed a statistical sample […]