Criminal Law – May 21, 2012

by Sheppard Mullin Richter & Hampton LLP on 5/16/2012

On February 2, 2012, Wegelin & Co., Switzerland’s oldest private bank, became the first overseas bank to be indicted by the United States for aiding tax fraud—but it may not be the last. The company is one of at least 11...more

by Darrin Mish, Tampa Tax Attorney on 5/8/2012

Is the IRS winning the battle against tax return fraud? Hardly. Tampa is the city that holds the dubious distinction of having one of the country’s highest incidences of tax return fraud. It is estimated that from Tampa alone...more

by Saul Ewing LLP on 4/27/2012

On March 28, 2012, six officers of a New York-based environmental services company pleaded not guilty to charges that they conspired to defraud the Internal Revenue Service (“IRS”). The case is United States v. Deluca et...more

by Venable LLP on 3/27/2012

Tax Amnesty Programs As discussed in a number of previous Tax Alerts, since 2009 the Internal Revenue Service has created three separate tax amnesty programs in order to encourage U.S. taxpayers to properly report and...more

by Sanford Millar on 3/19/2012

A recent Forfeiture Case was brought against a taxpayer who was hiding financial assets (almost $4.6 M) from his soon to be ex-spouse. The case, US v. $4,656,085 (http://goo.gl/7b64A) illustrates how bad divorce planning...more

by Richard Paul McClellan III on 2/29/2012

How long can I be prosecuted for tax crimes in Hawaii? How long is the statute of limitations in Hawaii? Hawaii Revised Statutes 231-41, HRS 231-41, Hawaii Tax Crimes, Hawai'i Tax Crimes, Hawaii Failure To File Tax Return,...more

by Charles (Chuck) Rubin on 2/24/2012

Filing a false income tax return can result in civil penalties, and also criminal fines and jail time. Now you can add deportation from the U.S. (if you are not a U.S. citizen) to the list of penalties. Mr....more

by Darrin Mish, Tampa Tax Attorney on 2/21/2012

The IRS has admitted that it is overwhelmed by the number of tax fraud cases it has to resolve. An IRS spokesman in Florida said its employees are receiving additional training to better equip them to handle tax fraud. At...more