Archive | January, 2016

Tax Evasion and Money Laundering: US Real Estate

January 21, 2016  |   Posted by :   |   Tax Evasion   |   0 Comments

On 1/13/16 the New York Times reported that the US Treasury Department will start tracking secret buyers of luxury real estate in New York City (residences over $3m) and Miami-Dade County (residences over $1m) under a new US Treasury Dept initiative effective March 2016-August 2016. If Treasury Dept finds many sales involving suspicious money they […]

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Criminal Tax Evasion – Part 2

January 14, 2016  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

Tax Advisors (Attorneys/CPAs) who render tax advice to a taxpayer for offshore accounts (or other tax matters) may have no attorney-client privilege and may themselves be subject to criminal penalties. US Taxpayers with undisclosed offshore accounts face a myriad of civil and criminal tax penalties. In addition, the Taxpayer may not have the attorney-client privilege […]

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Criminal Tax Evasion – Part 1

January 12, 2016  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

Under IRC Section 7525 (A) (enacted 7/22/98): With respect to tax advice, the common law protections that apply to a communication between a taxpayer and an attorney applies to a communication between a taxpayers and any Federally Authorized Tax Practitioner (“FAPT”) (which includes attorneys, cpas, enrolled agents, see IRS Pub 947, and Treasury Dept. Circular […]

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If the I.R.S. Is Watching You, You’ll Pay Up

January 07, 2016  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

By  Patricia Cohen, NYTimes.com What would be more likely to get you to report the whole truth and nothing but the truth on your tax returns? A notice that says “Don’t cheat” or one that says “Don’t be a cheater”? As it turns out the personalized injunction works better than the more generalized abstract principle […]

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