Archive | June, 2016

IRS Wins Two Major Cases: Sam Wyly and Morris Zukerman

June 29, 2016  |   Posted by :   |   Tax Evasion   |   0 Comments

On 6/27/16 the IRS won two major tax cases: #1) Texas Investor Sam Wyly was ordered to pay $1.1B by a federal bankruptcy judge (for his offshore tax evasion involving over 50 Isle of Man companies). The Judge ruled that Wyly perpetrated a “deceptive and fraudulent scheme to cheat the IRS” and imposed tax ($135m), interest […]

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IRS and Offshore Tax Evasion: June 2016 Update (2)

June 27, 2016  |   Posted by :   |   Tax Evasion   |   0 Comments

Both the IRS and the DOJ are actively hunting down tax cheats: 1. UBS Hands Singapore Client to US 2. Swiss Banker Pleads Guilty to Tax Evasion as IRS Hunts Offshore Accounts 3. F. Lee Bailey, Lawyer for O.J. Simpson, Files for Bankruptcy For all US taxpayers with foreign bank & financial accounts over $10k, […]

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The Wolfe Law Group Scores Cover of California CEO Magazine

June 14, 2016  |   Posted by :   |   International Tax Planning,Panama Papers,Tax Evasion   |   0 Comments

The Wolfe Law Group is pleased to announce that Attorney Gary S. Wolfe has published 4 tax articles in the June 2016 issue of California CEO Magazine, a publication of the Altek Media Group (AMG). The cover article is Panama Papers & The US Government The three inside articles include: 1. Criminal Tax Evasion: Part […]

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International Investors & California: Roundtripping (E-2 Visas)

June 09, 2016  |   Posted by :   |   EB-5 Visa,International Investors   |   0 Comments

For international investors who want to thrive in the California lifestyle, they face three different issues: immigration status, business investment and tax planning. For these clients, I recommend they consider “Roundtripping”, (i.e., they invest in a CA business, they obtain their green card for the investment and then they export the products back to their […]

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IRS and Offshore Tax Evasion: June 2016 Update

June 06, 2016  |   Posted by :   |   Panama Papers,Tax Evasion   |   0 Comments

In 2016 two epic events have made battling offshore tax evasion a key priority to the IRS. Both the Panama Papers, which disclosed how hundreds of thousands of wealthy clients of international banks used anonymous shell companies to hide assets from governments around the globe, and the implementation of the Foreign Account Tax Compliance Act (“FATCA”); […]

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