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Battuta D'arresto Per La Voluntary Disclosure

Come annunciato, l'articolo 1 del decreto legge 28 gennaio 2014, n. 4 (pubblicato in G.U. n. 23 del 29 gennaio 2014 – di seguito "Decreto") in materia di "Voluntary Disclosure" o "Collaborazione Volontaria" per il rientro dei...more

Marijuana Taxation Update: State Sanctioned Marijuana Industry Must Keep the Federal Anti-Drug Trafficking Tax Code in Mind

As we have previously reported, despite the growing number of States that have authorized the use of marijuana in various forms, the federal government has continued to crack down on dispensaries. In addition to direct...more

A Rose by any Other Name: DOJ’s FCPA Unit Brings Fraud and Money Laundering Charges Against Bechtel Executive

The variety of charges recently brought by the US Department of Justice’s (DOJ) Foreign Corrupt Practices Act (FCPA) Unit against former Bechtel executive Asem Elgawhary signals that the DOJ is not only pursuing improper...more

Gentleman’s Club Owner Hit With Fraud Penalty

A new Tax Court decision just came out – Potter v. Commissioner, TC Memo 2014-18. The case involved a “gentleman’s club” owner in Michigan. In December 2006 IRS special agents engaged in an undercover investigation of...more

Political Law Briefing - February 2014

In this issue: - Note: You Can Still Tune-Up on Government Affairs Compliance - FPPC Goes After More Committees in Its "Dark Money" Case - Down But Not Out: IRS Cites Political Activity in Denying Groups...more

Where Do You Hide $1 Trillion?

According to a recent report by Global Financial Integrity (GFI), a Washington-based group committed to exposing financial corruption, developing countries lost almost $1 trillion to crime, corruption and tax evasion in 2011....more

Legislative Update Report No. 2013-23 -- Dec 13, 2013

In This Article: Federal Government; Alberta; British Columbia; Manitoba; New Brunswick; Newfoundland; Northwest Territories; Nova Scotia; Nunavut; Ontario; Prince Edward Island; Québec/Quebec; Saskatchewan; and Yukon....more

At Risk Cash Transaction For Business Clients—The Computers Are Watching

It is Monday morning at your law office, and you get a telephone call from one of your smaller business clients. He is frantic to say the least. Over the weekend, his employee payroll checks bounced at the bank as well as...more

White Collar Watch - November 2013

In This Issue: - The true cost of fines: Bills would address tax break for corporate fines - Senate approves new protection for criminal antitrust whistleblowers - Justice Department sinks ex-Navy...more

Top 3 Tax Mistakes

There are a lot of ways to get into hot water with state and federal revenue regulators. But, in my experience, three mistakes are most common. ...more

Small businesses beware: IRS deploys "big data" to scrutinize cash transactions

In Brief - The IRS has signaled its intent to prosecute more small businesses for relatively low-value tax violations. - In doing so, the IRS has increased its reliance on data-driven analyses of the...more

White Collar Watch - October 2013

In This Issue: - Small businesses beware: IRS deploys “big data” to scrutinize cash transactions - Google’s scanning of emails may constitute wiretapping: Federal District Court denies Google’s motion to dismiss...more

Nevada Businessman Sentenced to Nine Years in Prison

Multiple outlets are reporting that on October 15, 2013, William Reed, a Nevada businessman, was sentenced to nine years in federal prison after pleading guilty to conspiracy to defraud the United States, tax evasion, and...more

Legal Issues in International Philanthropy

In this presentation: - Tax Considerations of International Grantmaking in Today’s World - Recent Developments in International Philanthropy – Best Practices - Grants to Foreign Charities -...more

Religious Institutions Update: May 2013

Intellectual property is a legal construct referring to creations of the mind for which exclusive rights are recognized. Common types include copyrights, trademarks, patents, industrial design rights, trade dress and,...more

Third Circuit Court of Appeals Affirms Tax Court Decision on CARDS Tax Shelter

On February 25, 2013, the United States Court of Appeals for the Third Circuit in the case of Crispin v. Commissioner, ___ F.3d ___, 2013 U.S. App. LEXIS 3852 (3d Cir. 2013), available here, affirmed the decision of the Tax...more

Gaming Legal News - January 17, 2013 • Volume 6, Number 2

In This Issue: - I-GAMING IN THE UNITED STATES VERSION 2013: BACK TO THE STATES? Optimism had inched higher that the United States would shift its i-gaming policy from a prohibitory approach to allowing some form of...more

Avoiding “Responsible Person” Liability For Payroll and Sales Taxes

One benefit of conducting business through a corporation, limited liability company or other limited liability entity is the “shield” from personal liability that these entities generally afford stockholders, directors and...more

White Collar Watch - October 2012

In This Issue: - SEC Issues Cease and Desist Order Against Goldman Sachs for Pay-to-Play Violations page 1 - 3 - A Change in Tack: The Government Turns its Attention Away from Pharmaceutical Companies and Toward...more

Tax Evasion Case of 5 Restaurant Owners

The 5 owners of the Nifty Fifty’s chain of restaurants were charged by the IRS for tax evasion, according to US Attorney Zane Memeger. The case was announced by Memeger, IRS Acting Special Agent in Charge Akeia Connor with...more

Parallel IRS Investigations Have Returned After a 35-Year Hiatus

Danger is lurking in the world of Internal Revenue Service audits, namely, parallel investigations. Parallel investigations by the IRS are simultaneous civil and criminal investigations of an individual or business entity,...more

More of Your Assets May Be Exposed Than You Think

Following the precedent set by the United States Government’s settlement with UBS in 2009, the United States Government has offered eleven (11) financial institutions in Switzerland and Israel a settlement agreement in which...more

Focus of Internet Poker Settlement: ENFORCEMENT

Recent reports are that a deal has been agreed to by all interested parties which would allow the sale of Full-tilt assets to a French Company (GBT). As reported part of the purchase includes a payment of $80M USD by the...more

DOJ Alleges FT Players Are Merely General Unsecured Creditors

The position of the DOJ and by inference the fate of the players claims to funds seized by the DOJ is clearly revealed in the Motion to Dismiss the claim of Adam Webb in the Civil Forfeiture case. The government unequivocally...more

Celebrity Poker Games Played Out in Front of the IRS

The recent stories about certain celebrities who won or lost large sums in Hollywood big games raised some interesting issues. In one story a trustee in bankruptcy has brought “claw back” actions against players who won very...more

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