Former NCAA Basketball Coach Pleads Guilty in Tax Evasion Case

On behalf of Frost Law posted in on December 27, 2013.

Although there are many legal strategies that can be used to minimize tax obligations, every year many Washington, D.C., residents are accused of using unlawful methods to get out of paying taxes. Whether the Internal Revenue Service claims that a taxpayer made a mistake or took intentional actions to avoid taxes, the consequences can be […]

Tags: Blog, Tax Crimes

Lawyer Who Pleaded Guilty to Tax Evasion Expects Short Probation

On behalf of Frost Law posted in on December 23, 2013.

Not all criminal investigations by the Internal Revenue Service wind up in criminal prosecution. The processes that the IRS follows for pursuing the case can involve many twists and turns. All of that can take time and each step may provide opportunities for limiting exposure to prosecutorial action. An experienced tax attorney’s help can be […]

Tags: Blog, Tax Evasion

More Nations Come to Terms with U.S. on FATCA

On behalf of Frost Law posted in on December 20, 2013.

Officials tasked with implementation of the U.S. Foreign Account Tax Compliance Act appear to be making solid headway in their efforts to get other nations aligned with the requirements. Treasury Department officials recently confirmed they have reached agreements with 12 governments. Bloomberg also reports they also have agreements in substance with 17 other foreign governments […]

Tags: Tax Evasion, Tax Topics, Blog, IRS

IG Report Suggests Delaying IRS FATCA Enforcement, Says ABA

On behalf of Frost Law posted in on December 10, 2013.

As we have noted often, the Treasury Department has been expanding its efforts related to funds held by Americans in foreign bank accounts. The concern, of course, is that many taxpayers haven’t reported those funds as income, which means that there may be taxes owed. In these tight fiscal times, the government seeks to shore […]

Tags: Blog, IRS

IG Says IRS Unprepared to Stop Possible Healthcare Law Tax Fraud

On behalf of Frost Law posted in on December 5, 2013.

The Affordable Care Act has been the target of a lot of negative press. Aside from the general political rhetoric from opponents of the measure, there have been the very obvious issues with the rollout of the online registration process. The latest red flag to be raised comes from the Treasury Inspector General for Tax […]

Tags: Blog, Tax Crimes

Intended or Not, Cyber Monday is a Big Tax Evasion Day

On behalf of Frost Law posted in on December 2, 2013.

Black Friday has passed, as has the social outcry from many who accuse retailers of stripping Thanksgiving of its real meaning by starting the holiday shopping season early. Today, the limelight is on Cyber Monday. According to Forbes magazine, surveys of consumers indicate that some 86 percent of working folks are planning to spend some […]

Tags: Blog, Tax Evasion

Tina Turner No Longer American. What’s Taxing Got to Do With It?

On behalf of Frost Law posted in on November 18, 2013.

Soul singer Tina Turner has voluntarily relinquished her U.S. citizenship. She reportedly signed the papers at the U.S Embassy in Bern, Switzerland, late last month. It probably didn’t come as a major surprise. She had announced her plans to do so back in January. Why did she do it? On the face of things it […]

Tags: Blog, Tax Controversies

Critics Say Tax Code Unduly Protects IRS Leaker

On behalf of Frost Law posted in on November 11, 2013.

We haven’t talked too much about the hot water the Internal Revenue Service found itself stewing in this year. Back in February, it was the Taxpayer Advocate Service who charged that the IRS adopted a snail’s-pace approach in fixing issues for taxpayers when it discovered hundreds of thousands of social security numbers had been stolen. […]

Tags: Blog, IRS

Tax Fraud ‘Epidemic’ Spurs Rare Law Enforcement Cooperation

On behalf of Frost Law posted in on November 5, 2013.

The Internal Revenue Service is the first to admit that it has a major problem on its hands when it comes to fighting tax fraud. This past summer, the acting head of the IRS said as much to members of Congress. As evidence, the agency touts that it more than tripled the number of criminal […]

Tags: Blog, Tax Crimes

Could STARS Controversy be Headed for U.S. Supreme Court?

On behalf of Frost Law posted in on October 28, 2013.

It is not common for the U.S. Supreme Court to hear tax-related cases. Certainly, the nine-member panel doesn’t typically get involved in questions over most audits or tax appeals. But sometimes, when it’s clear that there is no other way to resolve conflicting decisions made at lower jurisdictional levels, the high court deigns to weigh […]

Tags: Blog, IRS