A U.S. Taxpayer (or Foreign Taxpayer) may be held liable for Tax Evasion if:

1)  They willfully fail to pay a tax due;
2)  They willfully fail to file a tax return due;
3)  They willfully file a false or fraudulent tax return.

U.S. Taxpayers (and tax advisors) implicated in U.S. tax evasion face separate felonies for tax evasion and money laundering. Foreign Taxpayers, who commit Foreign Tax Evasion, may implicate U.S. tax advisors in money laundering felonies, for the foreign client transfer of funds which involve the U.S. tax advisors.

For both U.S. and Foreign Taxpayers, undisclosed foreign accounts, may be the depository accounts used to commit tax evasion, including:

– Taxpayer failure to pay tax, file tax returns, or file false (fraudulent) tax returns for the original funds (which are the source of the proceeds used to fund the foreign accounts).

– Taxpayer failure to pay tax, file tax returns, or file false (fraudulent) tax returns for the earnings, on the assets held in the undisclosed foreign accounts.

For more information please see the following articles:

17) Antioch Attorney Disbarred Following Tax Evasion Charges

16) Attorney Sentenced to Jail for Failure to File and Pay Taxes

15) IRS and Offshore Tax Evasion: June 2016 Update

14) 7 Arts Film Company: Tax Shelter Gone Wrong

13) Tax Evasion and Money Laundering

12) IRS: Jeopardy Assessment

11) Criminal Tax Evasion – Part 1

10) Tax Evasion and Money Laundering

9) Tax Evasion and the UBS Case

8) IRS Tax Evasion – Offshore Accounts

7) IRS Tax Evasion – Willfulness Defense

6) Tax Evasion and the U.S. Mail

5) Unreported Swiss IRS Bank Accounts

4) Offshore Tax Evasion – File Leaks Expose Secrets of the Rich

3) Offshore Tax Evasion – Commentary

2) IRS Eyes U.S. Accounts at Caribbean Bank

1) IRS Tax Compliance – Offshore Accounts

Country Specific

Israel

Feds Crack Down on Undeclared Israeli Bank Accounts

Switzerland

Zurich’s Oldest Bank Seeks U.S. Tax-Probe Settlement

Swiss Banking Deal Should Hasten Tax Disclosures