The Department of Justice (DOJ) and Internal Revenue Service (IRS) announced last week the indictment of an HSBC India client on four counts of filing false tax returns and four counts of failure to file a Foreign Bank Account Report, form TD F 90-22.1 (FBAR). According to the press release…
The United States Tax Court has upheld the tax evasion. In December 2005, David W. Goldston was sentenced to 48 months in prison and three years’ supervised release. He was also ordered to cooperate with the IRS in determining outstanding taxes, interests and penalties. He didn’t, and ultimately his case…
As we reported recently on our Tax Problem Attorney Blog, the IRS crackdown on offshore bank accounts has led to more criminal tax charges against tax preparers and bankers. The U.S. Department of Justice recently accused Renzo Gadola, a former UBS banker, of encouraging a client not to report an…
Tax attorneys continue to deal with the fallout from increased offshore enforcement by the IRS. The U.S. Justice Department announced this month that a San Diego resident was sentenced to three years probation after he was found to have filed false tax returns from 2000 to 2008. The case involved…
A 45-year-old Ohio man has pleaded guilty to filing false personal income tax returns after admitting to having nearly $1 million in an undeclared offshore bank account, the U.S. Department of Justice reported. Tax attorneys are being called to handle such cases with increasing frequency. As we report frequently on…
CNN reports Hollywood actor Wesley Snipes is off to serve a three-year prison sentence for failing to file tax returns. While simple non-filing of tax returns doesn’t often result in criminal tax fraud charges being brought, in some cases, it may require being proactive, and consulting an experienced tax lawyer…
A father and son team of Miami hotel developers have been sentenced to 10 years in prison after being convicted of conspiracy and filing false tax returns; the government alleges they tried to conceal more than $150 million in assets in offshore bank accounts, according to the U.S. Department of…
An IRS revenue agent has pleaded guilty to filing false tax returns, according to a report in the Los Angeles Times. The 51-year-old defendant pleaded guilty to filing false returns for himself, as well as a number of relatives. In some cases, he admitted to filing returns for relatives without…
Four Swiss bankers have been charged with conspiracy to defraud the United States of income tax revenue, according to an indictment unsealed in the United States District Court in Virginia. The bankers are accused of helping high net worth clients hide undeclared Swiss bank accounts. U.S. citizens with $10,000 or…
Two former executives of an investment firm were sentenced to more than 4 months in prison after authorities convicted them of a tax fraud scam that fabricated stock losses in order to help wealthy clients avoid taxes. The U.S. Attorney’s Office for the Western District of Washington reports the firm…