Posts tagged "Tax Evasion"

High-Income Non-Filers Will Be Subject To Increased IRS Visits

On February 19, 2020, the IRS issued a news release announcing that "it will step up efforts to visit high-income taxpayers who in prior years have failed to timely file one or more of their tax returns."1 Specifically, IRS revenue officers (trained civil enforcement officers) across the nation will be increasing their in-person visits with high-income taxpayers who have not filed tax returns in 2018 or earlier years. While the IRS claims that the primary goals of these visits are to inform high-income taxpayers of their reporting and paying obligations and to bring them into compliance, the IRS emphasizes that:

Five nations join tax evasion operation

A new tax enforcement organization is set to ramp up the nation’s ability to keep an eye out for tax evasion. The Joint Chiefs of Global Tax Enforcement, or J5, may sound like something out of the Marvel Universe. In reality, it is a collaborative effort of five major intelligence communities working together to bring down those accused of tax evasion.

DOJ captures tax fugitive, discusses penalties for tax crimes

On November 6, 2019, the United States Department of Justice (DOJ) announced the capture of a tax fugitive.1 According to the DOL announcement, the fugitive was a tax fraud promoter who had been on the run since the date he was supposed to start serving a 10-year prison sentence. The agency labeled him a fugitive after he failed to report for his prison sentence in March 2019.

Cayman financial institutions get tax filing extension

The United States tax code requires those who pay tax obligations to report all assets, including those held overseas. The government has passed recent laws that are intended to encourage foreign financial institutions to aid in finding U.S. taxpayers that are attempting to avoid reporting these assets.

Living abroad? IRS requires tax filing by June 17.

United States citizens living outside of the United States may still owe taxes to the Internal Revenue Service (IRS). The IRS has strict and far reaching tax laws. Tax laws that often extend beyond the borders of the country. As a result, anyone with citizenship will likely need to file with the IRS.

Think non-citizens do not need an FBAR? Think again.

The United States government requires the Reports of Foreign Financial and Bank Accounts (FBAR) forms for United States citizens with ownership or signatory authority over certain foreign assets. However, there are also certain situations when a non-citizen may need to file an FBAR. Three examples include:

Will the IRS use blockchain to fight tax evasion?

The Internal Revenue Service (IRS) has increased its efforts to track down those who are attempting to avoid U.S. tax obligations through use of the blockchain. The agency is using the technology in two ways. First, the IRS is looking into those who use cryptocurrency to hide assets and second, the agency is looking to use the technology as a tool in the fight against tax evasion.

Email Our Team

Contact Us to Get Started Today

Located in the Washington, D.C area, we serve clients in the District of Columbia, Maryland and Northern Virginia, as well as across the country and overseas. For a free initial consultation, call 202-381-1261 or complete our brief online form.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Six Convenient Office Locations in and around the DC Metropolitan Area

Washington, D.C.
1050 Connecticut Ave NW #500
Washington, D.C. 20036

Phone: 202-618-1873
Fax: 888-235-8405
Washington Law Office Map

Columbia Office
10440 Little Patuxent Parkway, Suite 300
Columbia, MD 21044

Phone: 202-618-1873
Phone: 410-497-5947
Fax: 888-235-8405
Columbia Law Office Map

Annapolis Office
839 Bestgate Road
Suite 400
Annapolis, MD 21401

Phone: 202-618-1873
Phone: 410-497-5947
Fax: 888-235-8405
Annapolis Law Office Map

Fairfax Office
8280 Willow Oaks Corporate Drive
Suite 600
Fairfax, VA 22031

Phone: 202-618-1873
Phone: 703-988-4817
Fax: 888-235-8405
Fairfax Law Office Map

Rockville Office
199 E. Montgomery Avenue
Suite 100
Rockville, MD 20850

Phone: 202-618-1873
Phone: 240-599-5009
Fax: 888-235-8405
Rockville Law Office Map

Baltimore Office
400 East Pratt Street
8th Floor
Baltimore, MD 21202

Phone: 202-618-1873
Phone: 443-743-3381
Fax: 888-235-8405
Baltimore Law Office Map