We write about many nuts-and-bolts tax issues in this blog. From correspondence audits to employment taxes and on and on, there is never a shortage of specific issues to address in our very complicated U.S. tax system. In this post, let’s take a step back and take a wider look […]
Two businessmen are facing the wrath of Quebec’s revenue agency this week as the agency heaved nearly 1,000 tax evasion charges against the men and four companies. Revenue Quebec is also seeking more than $6 million in fines as well as prison sentences. The agency has filed almost 700 charges […]
In the first part of this post, we noted that problems with accurately scanning documents have been hindering the ability of the IRS to conduct correspondence audits effectively. This is a concern because many potential tax issues are resolved through the paper-driven correspondence process, rather than through a full-scale, in-person […]
A federal judge made it clear on Thursday that tax evasion will not be tolerated when he ordered a Huntsville man to pay $3.7 million in restitution as part of his sentence. Paul Bracy, 71, was charged with one count of tax evasion and was sentenced to five years’ probation, […]
Leo Messi, forward for Barcelona, has been exonerated in his tax fraud case by two tax office experts. The experts testified to the court that the Argentine did not take any part in the management of his image rights and, thus, was unknowingly not paying taxes that were to have […]
British Prime Minister David Cameron is preparing to set the stage with money laundering and tax evasion front and center. The Prime Minister plans to make public a new database of company ownership details designed to expose international money laundering and tax evasion schemes. By making the information public the […]
In the hit TV series “Mad Men,” set in the early 1960s, it is a very big deal when the advertising office — in state-of-the-art New York City — gets its first copy machine. The bulky machine operates as both a cultural curiosity and a not-so-subtle sign that things are […]
French lawmakers have stepped up their fight against tax evasion on Thursday by faulting several financial players, including banks that enable a flight of tax revenue estimated at $110 billion a year. Among the 34 proposals adopted in the Senate were sanctions against those who advertise services that protect money […]
Sophia Loren, Italy’s iconic actress has been fighting charges levied against her for over 30 years. In 1974 Italian officials claimed the actress attempted to evade taxes. Ms. Loren voluntarily surrendered and went to jail in 1982 for 17 days of a 30 day sentence. Ms. Loren claimed that her […]
When someone is convicted of a criminal tax offense, judges have many factors to weigh that can bear on sentencing. To be sure, federal sentencing guidelines provide a prescribed range. And both the prosecution and the defense can recommend a specific sentence. But it is up to the judge to […]