FBAR Compliance and Disclosure

September 15, 2017

IRS Wins Fight to Exclude Its Own Position on the Willfulness Standard from Court

We previously wrote about a taxpayer that was fighting a civil penalty for failing to timely file under U.S. Foreign Bank Account Reporting (FBAR) laws. In […]
August 30, 2017
U.S. Tax Evasion Charges Settled by Swiss Asset Manager

U.S. Tax Evasion Charges Settled by Swiss Asset Manager

Prime Partners, a Geneva-based asset management firm has agreed to pay $5 million to the United States to settle charges for tax evasion and assisting U.S. […]
August 7, 2017
IRS Introduces National and International Criminal Enforcement Initiatives

IRS Introduces National and International Criminal Enforcement Initiatives

We have previously reported on the IRS Criminal Investigations Division (CID), the agency’s investigative arm that conducts investigations involving taxpayers that have a situation with badges […]
July 31, 2017
Beverly Hills Man Indicted for Alleged Tax Fraud

Beverly Hills Man Indicted for Alleged Tax Fraud

California resident Teymour Khoubian was indicted by a federal grand jury for allegedly impeding the internal revenue laws, filing false returns, submitting fraudulent reports and lying […]
June 13, 2017
73-Year-Old Woman Pleads Guilty to Holding, Concealing Undisclosed Offshore Accounts

73-Year-Old Woman Pleads Guilty to Holding, Concealing Undisclosed Offshore Accounts

On this blog, we have long warned taxpayers that keeping secret offshore accounts was no longer a viable tax strategy. In fact, keeping secret foreign accounts […]