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Posts Tagged tax lawyer

Wall St. Law Partner Heads to Prison for Unpaid Taxes

by Brian Mahany
Attorneys are officers of the court. We take an oath to uphold the law. Sometimes some of us forget, however. Attorney John J. O’Brien will have 28 months to think about the lessons of crossing the line between court officer and criminal defendant. His conviction may result in him being disbarred.
According to Manhattan [...]

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Running Out Of Places To Hide

by Brian Mahany
Earlier this month the Organization for Economic Development and Cooperation (OECD) inked another agreement to insure that all nations work together to stop cross border tax evasion.  Each year the OECD issues a report on what countries are cooperating and those that are not. Between the G20 group of developed nations and the [...]

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IRS, DOJ Target More Offshore Banks

by Brian Mahany
First it was the Caribbean. Then UBS in Switzerland. Then HSBC India. Now the list of offshore banks under investigation is so long that its difficult to track. Earlier this year, Reuters leaked a story that the IRS and Justice Department had started an investigation on 11 Swiss banks. Today we learned that [...]

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How Safe Is Your Tax Information? Don’t Ask Jackson Hewitt

by Brian Mahany
The genesis of this article comes from a Bloomberg piece written in the San Francisco Chronicle. According to published reports, a Jackson Hewitt franchise location left hundreds of old returns in a box outside. Police were ultimately called after the returns were left outside overnight on a busy street.
The returns contained social security [...]

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OVDI Over, Feds Announce New Enforcement Actions

by Brian Mahany
The 2011 offshore tax amnesty program, called the Offshore Voluntary Disclosure Initiative or “OVDI”, ended less than 2 weeks ago. The government isn’t wasting any time, however, on looking for Americans with unreported accounts.  Although tens of thousands of people came forward during the last 2 amnesty programs, hundreds of thousands of taxpayers [...]

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IRS Overwhelmed By New Tax Law Changes

by Brian Mahany
Each year, the Treasury Department Inspector General for Tax Administration (”TIGTA”) audits the IRS to measure the agency’s performance. 2010 was not a great year for the Service or taxpayers.  The Inspector General concluded that,  ”During FY 2010, the IRS encountered many challenges, including a variety of tax provisions that were created, extended, [...]

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Tax Humor For Monday Morning

by Brian Mahany
Normally our blog posts are full of helpful tax information or informative stories on asset recovery and fraud. Today’s is one of sheer stupidity. Meet Norma Coronel, a tax preparer from Los Angeles, California.  Colonel was held without bail after being named in a 35 count tax evasion indictment.
While stories of tax preparers [...]

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Guys Can Win IRS “Innocent Spouse” Cases Too

by Brian Mahany
Just a few days ago I wrote about the recent changes to the IRS innocent spouse regulations. Until recently, the program, which helps people get relief from the tax misdeeds of their spouses, was very time limited. By regulation, the IRS bowed to political pressure and allowed victims more time to seek relief. [...]

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