A Charleston attorney has been charged with tax evasion Wednesday along with mixing up his client’s money with his own. This federal charge against Harold S. Albertson mirrors ethics charges filed against him earlier this month by the State Bar’s Office of Disciplinary Counsel. Prosecutors say Albertson tried to avoid […]
The United States continued construction on what appears to be a wide net designed to catch tax evaders on Thursday by cooperating with France in the fierce global tax battle. The agreement was signed in Paris by Finance Minister Pierre Moscovici and the United States ambassador, Charles H. Rivkin. China, […]
Pressure on U.S. tax evaders intensified on Friday as a US District Judge in New York issued an order authorizing the Internal Revenue Service to issue summonses requiring Mellon, Citibank, JP Morgan, HSBC Bank USA and Bank of America to produce information in connection with undisclosed accounts at The Bank […]
Tax audits are one of our most frequent themes in this blog. Most recently, in a two-part post on October 29 and November 4, we discussed how errors by the IRS in scanning and cataloging documents from taxpayers have affected the correspondence audit process. In this post, let’s look at […]
The management of United Steel Company Limited has refuted claims that the company evaded $86,059,463 in taxes, and instead suggests that the allegation made by the presidential task force through the media was meant to drag the names of reputable companies through the mud. A statement issued by the company […]
Just when foreign financial firms thought they had enough on their plates, the heat continues to rise. International pressure to catch tax evaders is expected to be ramped up by the end of 2013 as a new inter-governmental agreement that requires information on offshore U.S. accounts with balances of more […]
A former San Antonio and Blanco contractor was in hot water Friday after being convicted of five counts of tax evasion while working on defense contract jobs. Daniel Isaiah Thody, 45, believes that he has been unjustly accused and that he was not required to pay taxes on the $1 […]
Thanksgiving is next week, and that will kick off the holiday season. Family activites and various year-end festivities are naturally moving to the forefront of people’s minds. In the rhythm of American life, however, an approaching New Year’s holiday also means a new tax year is approaching as well. And […]
More U.S. taxpayers have either renounced their citizenship or returned their green cards in 2013 than ever before, primarily high net-worth individuals who sought to avoid higher taxes on income and capital gains. The major driving forces of the sharp increase are new changes to the tax law, including the […]
Swiss politicians and regulators are eager to help with on the U.S. tax evasion crackdown. Things will get interesting as the new point person for the Swiss heads to Washington D.C. for his first chat with law enforcement officials. The Swiss Department of Finance announced on Monday that Jacques de […]