July 28, 2014

What are the reportable transactions?

A. Reportable Transactions – Generally The reportable transactions rules were drafted in an attempt to identify certain transactions that result in a tax benefit and are […]
March 25, 2014

What Happens if You Don’t Disclose Foreign Accounts

Depending on a taxpayer’s particular facts and circumstances, the following penalties could apply: A penalty for failing to file the Form TD F 90-22.1 (Report of […]
March 25, 2014

Who collects restitution and penalties?

The U.S. Attorney General is responsible for collection of an unpaid fine or restitution under the authority of 18 U.S.C. §3612(c). However, there are several options […]
June 18, 2013

Difference between civil and criminal fraud allegations

Different Levels of Proof The main difference between civil and criminal fraud is the amount of proof that the government must show. In a sentence, “criminal […]