The Tax Law Blog

March 23, 2017
DOJ Files Lawsuit Against Canadian Resident with Dual U.S. Citizenship

DOJ Files Lawsuit Against Canadian Resident with Dual U.S. Citizenship

On this tax blog we have long warned that as the strict enforcement of the requirement to file a Report of Foreign Bank Account (FBAR) and […]
March 22, 2017
Can I Convert a California C Corp to an S Corp?

Can I Convert a California C Corp to an S Corp?

As a company grows, the business environment changes and other factors impact how the company operates, there may come a time when the business structure is no […]
March 21, 2017
Los Angeles Businessman Sentenced to 24 Months in Prison Over Foreign Bank Account

Los Angeles Businessman Sentenced to 24 Months in Prison Over Foreign Bank Account

According to a press release by the Department of Justice, Masud Sarshar, a Los Angeles businessman was sentenced to 24 months in a federal prison for […]
March 21, 2017
U.S. Residents with Undeclared Foreign Bank Accounts go to Prison while Swiss Bankers get Probation

U.S. Residents with Undeclared Foreign Bank Accounts go to Prison while Swiss Bankers get Probation

Last week, Michele Bergantino, an Italian citizen and Swiss Resident, was sentenced to two years of unsupervised probation for his role in providing Swiss banking services […]
March 16, 2017
American Guns Reality TV Star Found Guilty of Tax Fraud

American Guns Reality TV Star Found Guilty of Tax Fraud

For a time, Richard Wyatt, the star of the Discovery Channel’s American Guns reality TV show seemed to have it all. He was running a business […]
March 15, 2017
Former Starkey Labs Executive Faces Tax Charges Over Single Tax Return

Former Starkey Labs Executive Faces Tax Charges Over Single Tax Return

For nearly a decade, from 2006 until 2015, Jeffrey Lee Longtain was Chief Operating Officer (COO) and the president of an affiliate company of Starkey Laboratories. […]