Posted in Hot Topics, News on November 30, 2020
Combating tax fraud at the international level is among the Internal Revenue Service’s top priorities. The IRS’s Criminal Investigations division (IRS CI) is particularly active in this area, and it works with other tax enforcement authorities around the globe to identify, prosecute, and punish individuals and organizations suspected of engaging in fraudulent practices. As Maryland international tax attorneys, we have significant first-hand experience in this area, and we have successfully defended numerous clients in international tax fraud matters involving IRS CI.
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For U.S. taxpayers who live in Maryland and have funds stored in offshore accounts, federal tax law compliance involves more than simply filing your annual income tax returns. Among various other requirements, ownership of offshore accounts triggers a requirement to comply with the Foreign Account Tax Compliance Act (FATCA). Failure to comply with FATCA can have serious consequences; and, in order to avoid substantial tax penalties, U.S. taxpayers who have offshore accounts need to ensure FATCA compliance with the help of an experienced Maryland offshore tax attorney.
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Posted in Hot Topics, News on April 30, 2020
The Internal Revenue Service (IRS) has announced the formation of a new office that will specifically target small business tax fraud. The Fraud Enforcement Office, housed within the IRS’s Small Business/Self Employed Division, will begin working with IRS Criminal Investigations (CI) and the IRS’s civil enforcement divisions in 2020.
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Posted in Hot Topics, News on May 31, 2018
If you have undeclared offshore financial accounts or if you are otherwise not in full compliance with tax laws, it's more important than ever you talk with a Maryland criminal tax lawyer about options you have for taking proactive action to reduce possible penalties that you could face.
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