September 23, 2013 - Frequently Asked Questions (FAQs) -
Frequently Asked Questions (FAQs) - FATCA Registration System
August 30, 2013 - California Businessman Pleads Guilty to Conspiracy to Con
In or about 2000, Cohen began using the funds in his undeclared account in the Cayman Islands as collateral for back-to-back loans obtained from another branch of Bank A located in Los Angeles. Cohen’s ownership of the funds in the Cayman Islands accounts was not identified in the loan records maintained at the Los Angeles branch, thus concealing the fact that he was borrowing his own money,
August 27, 2013 -- IRS Opens Online FATCA Registration System
Financial institutions that must register with the IRS to meet their FATCA obligations can now begin the process of registering by creating an account and providing required information.
July 30, 2013 - DOJ Agreement with Liechtenstein Bank to Pay $23.8 Mi
Bank, with Assistance of Liechtenstein Government, Produced Account Files of More Than 200 Non-compliant U.s. Taxpayers
July 22, 2013 - Foreign Account Tax Compliance Act
IRS FATCA WEBSITE
July 17, 2013 - California Businessman Pleads Guilty to Concealing Foreign
a U.S. citizen, used three bank accounts held in the names of two different foreign corporations at foreign banks to falsely reduce his taxes. The last of those accounts was held at an Israeli bank located in Tel-Aviv,
July 7, 2013 - Maryland Businessman Pleads Guilty to Concealing Foreign Ban
"Offshore tax evasion is a top priority for IRS-CI, and the facts in this case are clear. Earned income was placed into foreign bank accounts for the purpose of committing offshore tax fraud," said Richard Weber, Chief, IRS-CI.
May 21, 2013 - IRS Criminal Investigation Issues Fiscal 2012 Report
IRS Criminal Investigation (CI) today released its Annual Report for fiscal 2012, highlighting strong gains in enforcement actions and penalties imposed on convicted tax criminals.
May 16, 2013 - Florida Husband and Wife Indicted for Federal Tax Crimes
The indictment alleges that (Taxpayers) conspired with each other and with Beda Singenberger, a citizen and resident of Switzerland who is under indictment in the Southern District of New York, and a UBS banker to defraud the IRS.
May 14, 2013 - INSPECTOR GENERAL REPORT - IRS TARGETING
Early in Calendar Year 2010, the IRS began for additional information from the IRS that using inappropriate criteria to identify included unnecessary, burdensome questions organizations applying for tax-exempt status to (e.g., lists of past and future donors). The IRS review for indications of significant political later informed some organizations that they did campaign intervention.
May 11, 2013 - IRS, Australia and United Kingdom Engaged in Cooperative Eff
The three nations have each acquired a substantial amount of data revealing extensive use of such entities organized in a number of jurisdictions including Singapore, the British Virgin Islands, Cayman Islands and the Cook Islands.
April 30, 2013 - Court Authorizes Summons FirstCaribbean Int'l Bank
The IRS summons seeks records of FCIB’s United States correspondent account at Wells Fargo N.A., which will allow the IRS to identify U.S. taxpayers who hold or held interests in financial accounts at FCIB
April 29, 2013 - Report to Congressional Requesters
IRS Has Collected Billions of Dollars, but May be Missing Continued Evasion
April 29, 2013 - IRS Has Collected Billions of Dollars, but May be Missing
GAO recommends that IRS (1) use offshore data to identify and educate taxpayers who might not be aware of their reporting requirements; (2) explore options for employing a methodology to more effectively detect and pursue quiet disclosures and implement the best option; and (3) analyze first-time offshore account reporting trends to identify possible attempts to circumvent monies owed and take action to help ensure compliance. IRS agreed with all of GAO's recommendations.
April 16, 2013 - Arizona Businessmen and California Attorney Convicted for
“Clients, as well as promoters, of international tax fraud are under the watchful scrutiny of the IRS.” said Richard Weber, Chief, IRS-Criminal Investigation. “