Due Diligence
Posts Tagged Detroit tax attorney
The Hunt Is On – IRS Targets Caribbean Bank For Offshore Accounts
by Brian Mahany The IRS is looking for unreported offshore accounts worldwide. This week, the IRS obtained a John Doe subpoena from a federal court allowing authorities to search for records from Canadian Imperial Bank of Commerce’s FirstCaribbean International Bank (FCIB). Previous IRS enforcement efforts have been targeted at banks in Switzerland, Israel and India. [...]
Barbados offshore accounts, criminal tax, Detroit tax attorney, FBAR, FBAR amnesty, FBAR compliance, FCIB, FirstCaribbean tax fraud, Foreign Bank and Financial Accounts, foreign reporting, foreign tax compliance, Maine tax attorney, Massachusetts tax lawyer, Milwaukee tax attorney, offshore accounts, offshore accounts for americans, offshore accounts illegal, offshore accounts IRS, offshore accounts tax, offshore bank, offshore reporting, OVDI, OVDI attorney, OVDP, OVDP lawyer, San Francisco FBAR lawyer, tax evasion, unfiled FBARs, unreported offshore account, US FBAR lawyer, Wisconsin tax evasion
Norway Newest Country To Sign FATCA Accord
by Brian Mahany Although some still believe FATCA is in trouble, new countries join each month. Last week on tax day (April 15th), Norway became the newest nation to sign an Intergovernmental Agreement with the IRS. FATCA is short for the Foreign Account Tax Compliance Act. Part of President Obama’s 2010 jobs legislation, the law [...]
California FATCA attorney, Detroit tax attorney, FATCA, FATCA attorney, FATCA compliance, FATCA lawyer, foreign bank accounts, foreign reporting, IRS FATCA, IRS lawyer, Maine tax attorney, Massachusetts tax lawyer, offshore accounts, offshore reporting, San Francisco FBAR lawyer, unreported bank account, unreported foreign accounts, unreported income, unreported Norwegian accounts, US FATCA attorney, Wisconsin FATCA attorney, Wisconsin tax lawyer
Former CPA Gets 3.5 Years in Prison, $100 Million Restitution For Tax Evasion Role
Posted by admin in Fraud Recovery, Legal Malpractice, Tax on March 28, 2013
by Brian Mahany A former CPA and banker at Deutsche Bank AG was sentenced to 3-1/5 years and ordered to pay $115,700,000 for his role in helping clients evade taxes. David Parse will have to serve about 3 years before eligible for early release. He was convicted of mail fraud and obstruction charges. Prosecutors say [...]
419, 419 fraud, 419 plan listed transaction, 419 plan penalties, 419 plan scam, 419 scam, abusive tax shelter, California 419 plan, Detroit tax attorney, IRS lawyer, listed transaction, Massachusetts tax lawyer, Portland tax lawyer, tax conspiracy, tax evasion, tax evasion lawyer, tax fraud, tax fraud lawyer, tax fraud penalties, welfare benefit plan, welfare benefit plan fraud, welfare benefit plan scam, Wisconsin tax lawyer
Currency Controls – FATCA / FBAR Post
by Brian Mahany Currency controls – or the fear of them – is what causes many people to move wealth outside the United States. It is also what can cause you to lose all or most of your money. Twice in the last week we wrote about Cyprus. Although most people would not be surprised [...]
Cyprus accounts, Cyprus bank, Detroit tax attorney, FATCA, FATCA lawyer, FBAR, FBAR amnesty, FBAR attorney, FBAR lawyer, Foreign Account Tax Compliance Act, foreign accounts, Foreign Bank and Financial Accounts, foreign banks, foreign brokerage, foreign hedge fund, foreign reporting, Maine tax lawyer, Massachusetts tax lawyer, Michigan tax attorney, offshore reporting, Portland tax lawyer, San Francisco FBAR lawyer, unreported accounts, unreported foreign accounts, unreported income, US FBAR lawyer, Wisconsin FBAR lawyer
IRS Taxpayer Advocate Slams Congress For Complexity Of Tax Code
by Brian Mahany We are big fans of Nina Olson, the IRS’ National Taxpayer Advocate. Although understaffed, her office is the last line of defense for taxpayers “stuck in the system” or unable to find answers to their questions. I liked the concept of an independent voice so much that I created the position in [...]
audit defense lawyer, Detroit tax attorney, Internal Revenue Code, IRS lawyer, Maine tax lawyer, Milwaukee tax attorney, Minneapolis tax lawyer, tax appeal lawyer, tax attorney, tax code, tax lawyer, Wisconsin tax lawyer
Wegelin Postscript – World’s Oldest Bank To Close After Tax Evasion Plea
Posted by admin in Tax, White Collar Criminal on January 5, 2013
by Brian Mahany Wegelin & Co. was the world’s oldest bank. Established in 1741, decades before the Revolutionary War, the bank announced it will be permanently shutting its doors. Why? The bank simply could not survive after pleading guilty to U.S. criminal charges that it assisted American taxpayers evade taxes. Wegelin once boasted to depositors [...]
California FBAR lawyer, Detroit tax attorney, do I need to file an FBAR form, FATCA, FATCA lawyer, FBAR, FBAR compliance, FBAR lawyer, FBAR penalties, Foreign Bank and Financial Accounts, how do I file an FBAR, Milwaukee tax attorney, Minneapolis tax attorney, OVDI, OVDI lawyer, Portland tax lawyer, tax amnesty, tax evasion, tax evasion lawyer, unfiled FBAR, Wisconsin FBAR lawyer
Hong Kong Resists FATCA Law
by Brian Mahany According to an article in the IFC Review, the CEO of the Hong Kong Securities and Futures Commission is lobbying against compliance with the new FATCA legislation. (FATCA is the acronym for the Foreign Account Tax Compliance Act). Under the new FATCA law, foreign banks and financial institutions will have to determine [...]
California offshore voluntary disclosure, Detroit tax attorney, FATCA, FATCA compliance, FATCA lawyer, FATCA regulations, FBAR, FBAR attorney, FBAR lawyer, Foreign Account Tax Compliance Act, Foreign Bank and Financial Accounts, foreign reporting, form 8938, Maine tax lawyer, Michigan tax lawyer, Milwaukee tax attorney, offshore reporting, offshore voluntary disclosure, OVDI, OVDI lawyer, OVDP lawyer, tax evasion, unreported accounts, unreported income, Wisconsin FBAR lawyer, Wisconsin tax lawyer
Mexico, U.S. Sign FATCA Accord
by Brian Mahany The United States Treasury Department has negotiated or is close to signing deals with over 50 foreign countries. Congress enacted the Foreign Account Tax Compliance Act (FATCA) two years ago. That law already requires individuals to report interests in foreign financial assets. (Don’t forget that U.S. taxpayers also have an independent obligation [...]
California FBAR lawyer, California OVDI lawyer, cross border tax, Detroit tax attorney, FATCA, FATCA compliance, FATCA lawyer, FBAR lawyer, FBAR penalties, Foreign Account Tax Compliance Act, Foreign Bank and Financial Accounts, foreign reporting, How do I comply with FATCA, Maine tax lawyer, Mexican tax treaty, Mexico FATCA compliance, Michigan tax attorney, Milwaukee tax lawyer, offshore reporting, offshore voluntary disclosure, OVDI, OVDI attorney, OVDI lawyer, OVDP, OVDP attorney, US tax lawyer, What is an FBAR, Wisconsin tax lawyer
Tax Shelter Convictions Reversed; Big Loss For DOJ & IRS
Posted by admin in Tax, White Collar Criminal on December 1, 2012
by Brian Mahany The U.S. Department of Justice has suffered a number of defeats lately in white collar criminal cases. While the DOJ still boasts a conviction record that would make any prosecuting agency happy, going after tax cheats appears to be getting more difficult. It’s either that or the IRS is focusing on the [...]
412 plan scam, 419 plan scam, abusive tax shelter, criminal tax lawyer, Detroit tax attorney, IRS, IRS lawyer, listed transaction, Michigan tax lawyer, tax evasion, tax evasion lawyer, tax fraud, tax shelter, tax shelter lawyer, Wisconsin tax lawyer
Barbados Close To FATCA Disclosure Agreement With US
by Brian Mahany Never a week goes by without more countries signing tax exchange agreements. Recently, many of those countries have been signing agreements with the United States Treasury. In 2014, foreign banks are required to disclose the identities of Americans with foreign accounts. While some countries have publicly rallied against the new regulations, they [...]
American tax lawyer, Detroit tax attorney, FATCA, FATCA lawyer, FBAR, FBAR lawyer, FFI, FIRPTA lawyer, Foreign Account Tax Compliance Act, Foreign Bank and Financial Accounts, foreign financial assets, foreign financial institutions, Foreign Investment in Real Estate, IRS lawyer, Miane tax lawyer, Minnesota tax lawyer, offshore reporting, offshore tax compliance, offshore tax reporting, offshore voluntary disclosure, OVDI, OVDP, U.S. tax attorney, unreported accounts, Wisconsin tax attorney
Subscribe to our Blog
Blogroll
- Acrimoney
- Aegis Journal
- Arts Law For Everyone
- Asset Protection Blog (Jeff Andrews Esq.)
- ataxingmatter
- Consequences
- Daniel Stoica Accounting Professional
- Dinesen Tax Times
- Federal Tax Crimes
- Guerilla Law Firm Blog
- Guiliano Law Firm: Security Arbitration
- Internal Investigations
- JR DEPUTY ACCOUNTANT
- Mahany Law Blog
- Massachusetts Law Blog
- MauledAgain
- Milwaukee Business Lawyer
- Missouri Taxguy
- Our Taxing Times
- Popehat – A Group Complaint about Law
- RESPA Lawyer Blog (Marx Sterbcow Esq.)
- Roth & Company Tax Blog
- South Carolina Foreclosure Blog
- Tax Controversy Update
- Tax Lawyers Blog
- Tax Update Blog
- Tax Updates for Non Profits by Steve Hoffman
- The Legal Beat
- Wall Street Law Blog
- Wandering Tax Pro
- Wisconsin Lawyers Blog
Recent Comments