Archive | October, 2015

Justice Department Announces Piguet Galland & Cie SA Reaches Resolution under Swiss Bank Program

October 26, 2015  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

The Department of Justice announced today that Piguet Galland & Cie SA (Piguet Galland) has reached a resolution under the department’s Swiss Bank Program. Piguet Galland will pay a penalty of more than $15 million and continue to cooperate with the department. “With each agreement signed under the Swiss Bank Program, we gain a deeper […]

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October 21, 2015  |   Posted by :   |   FATCA/FBAR   |   0 Comments

On 10/2/09, the IRS confirmed it has begun exchanging tax information from certain foreign governments under the Foreign Account Tax Compliance Act (“FATCA”), to meet a September 30, 2015 deadline ( over 5 years after FATCA was passed as law in March 2010). To date Australia has given the US tax information on 30,000 US […]

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Lionel Messi to Face New Tax Fraud Charges

October 19, 2015  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

Lionel Messi, Argentinian/Barcelona soccer superstar, who on 10/6/15 had been deemed innocent of tax evasion, is now scheduled to go on trial with his father for tax fraud and faces up to 22 months in prison. According to Spanish prosecutors new evidence implicates him in tax evasion in 2007-2009. Spain’s tax authorities maintain they have […]

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How far back can the IRS audit you?

October 15, 2015  |   Posted by :   |   IRS Tax Audits   |   0 Comments

By Ray Martin, Have you ever filed a tax return and wondered how long you should keep it, just in case the IRS decides to audit it? Maybe that question came to you after taking a questionable position on a return. As unpleasant as an audit might be, take comfort in the laws that […]

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Country Star Pleads Guilty to Tax Charges

October 13, 2015  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

By Andy Brownfield, A Cincinnati-based country musician famous for “Mona Lisa Lost Her Smile” and “Take This Job and Shove It” pleaded guilty to obstructing the Internal Revenue Service, the U.S. Attorney’s Office for the Southern District of Ohio announced Monday. David Allan Coe pleaded guilty to one count of impeding and obstructing the […]

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Introducing Pomar Junction Winery

October 08, 2015  |   Posted by :   |   International Investors,Wine Exports   |   0 Comments

I am pleased to announce that the double gold award winning winery, Pomar Junction (San Luis Obispo – Templeton,) will be hosting our wine tasting for our 10/22/15 event at the Peninsula Hotel, Beverly Hills. Please see article about Pomar Junction published in the Directory of Fine Wineries. I encourage you to try their delicious […]

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Australia Turns Over Account Details to IRS

October 06, 2015  |   Posted by :   |   International Investors,Tax Evasion,Unreported Income   |   0 Comments

The Australian Business Review on 9/27/15 reported that the Australian Tax Office gave the IRS details of more than 30,000 bank accounts containing more than $5B in funds. This transfer of tax information on US taxpayers with Australian bank accounts is the first transfer of of information under FATCA( Foreign Account Tax Compliance Act, passed […]

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Asset Protection 2015: CA Community Property

October 01, 2015  |   Posted by :   |   Asset Protection   |   0 Comments

Recently, after many years of research I have published my 2d book on asset protection, Asset Protection 2015: IRS Tax Audits & Lawsuits. A specialized issue for community property includes the community liability for separate property debts of either spouse. These separate property debts may include those debts arising pre-marriage or during marriage. It may […]

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