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. “
April 11, 2013 - JUSTICE DEPARTMENT HIGHLIGHTS TAX DIVISION’S ENFORCEMENT R
The Tax Division continues to play a leading role in investigations and prosecutions involving the use of foreign tax havens.
March 27, 2013 - IRS Releases 2012 Data Book
This Annual Report explains the issues facing the IRS and how the IRS is resolving problems such as offshore compliance and identity theft.
March 18, 2013 - GAO Report on IRS Controls
The General Accounting Offices Reports of IRS Controls and Security Concerns
March 6, 2013 - Massachusetts Man Sentenced In Manhattan Federal Court For
Taxpayer held an account in his own name at Credit Suisse, a Swiss bank with its headquarters in Zurich, Switzerland. In June 2006, with the assistance of Singenberger, Taxpayer opened an undeclared account at Credit Suisse in the name of a sham corporation formed under the laws of Hong Kong, Ample Lion Ltd. (“Ample Lion”).
March 5, 2013 - Wegelin Sentenced to Pay $58 Million
Assistant Attorney General Keneally said: “When the IRS offered the opportunity to come into compliance through the Offshore Voluntary Disclosure Initiative, some people thought that they could beat the system... we are following that money, and time is rapidly running out for taxpayers who think that they can still hide.”
January 21, 2013 - New FATCA Regulations
Regulations Relating to Information Reporting by Foreign Financial Institutions
and Withholding on Certain Payments to Foreign Financial Institutions and Other
January 10, 2013 - Taxpayer Advocate Report on Voluntary Disclosure Program
The IRS’s Offshore Voluntary Disclosure Programs Discourage
Voluntary Compliance by Those Who Inadvertently Failed to
Report Foreign Accounts