Posts tagged as:

tax evasion

Tax Trivia: Al Capone

31 January 2010

Update: We have a winner! It’s Marc! For the answer, see the comments!
It’s our last tax trivia question for the giveaway! Thanks to CCH Complete Tax for the free software!

For the chance to win the last prize, answer the following question:
Everybody knows that the feds finally got Al Capone for tax evasion. He was [...]

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UBS Informant Must Report to Prison On Time

6 January 2010

A federal judge has declined Bradley Birkenfeld’s request for leniency. Birkenfeld must report to prison on Friday, January 8, as scheduled, to serve his 40-month prison term.
Birkenfeld pleaded guilty last year to helping many of his clients, including billionaire Igor Olenicoff, evade taxes. Olenicoff pleaded guilty in 2007 to filing a false tax [...]

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Ask the taxgirl: Reporting Tax Fraud

4 January 2010

Taxpayer asks:
How does someone turn someone else in to the IRS for tax evasion?
Taxgirl says:
There must be something in the water. I’ve received a couple of these types of inquiries lately, so I’m planning to answer a few of them over the next few days. You’re up first.
Reporting tax fraud is actually [...]

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UBS Set To Turn Over First Set of Names

25 November 2009

About 500 families may have a little bit less to be thankful for this morning: Swiss tax authorities have announced that they have notified the first UBS 500 clients whose names will be turned over to US government officials.
The 500 clients are the first of 4,450 names to be released under an agreement reached [...]

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Girls Gone Wild Founder To File Bankruptcy, Blames IRS

18 November 2009

And here I thought my days of reporting on Joe Francis were over…
It turns out that the Girls Gone Wild founder hasn’t quite put his tax woes behind him. After taking a deal to plead guilty to two misdemeanor counts of filing false tax returns – and escaping additional jail time in the process [...]

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So Tell Me, Taxpayer: Do You Feel Lucky?

18 November 2009

It was a question posed to US taxpayers by the IRS in the wake of the UBS scandal: do you feel lucky?
The US offered US taxpayers the opportunity to voluntarily disclose offshore bank accounts as part of an amnesty program earlier this year. The choice? Come forward now and escape criminal prosecution [...]

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Tax Havens Suddenly Not All the Rage

11 November 2009

Suddenly, it’s not so fashionable to have your money in Swiss banks. That’s sooo February 2009. This season, all of the trendy tax evaders are heading somewhere else.
In the wake of increased activity by IRS to track down previously undisclosed assets (joined by the taxing authorities in countries like the UK and Germany), [...]

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Girls Gone Wild Founder Gets Plea Deal

7 November 2009

“Girls Gone Wild” founder Joe Francis feels he finally got a break when a federal judge okayed a deal that Francis struck with prosecutors. Under the agreement, Francis was credited with 301 days already served and sentenced to one year of probation.
The plea deal was struck after Francis learned that a key witness, Francis’ [...]

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And The Most Secretive Financial Jurisdiction in the World Is…? (Hint: there’s no cheese involved)

2 November 2009

The Tax Justice Network has recently released its list of the most secretive financial jurisdictions in the world. And who topped the list? Luxembourg? Switzerland? Hong Kong? Caymans?
Nope, it’s the United States. Yeah, of America.
But don’t get too excited with your finger pointing. It has little to do [...]

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UBS Client Prosecutions Continue

31 October 2009

Jeffrey Chernick, a toy salesman out of New York, was sentenced on Friday to three months in prison for hiding millions of dollars from the IRS. Upon his release, Chernick will serve six months’ house arrest and six months’ probation. The judge did not impose an additional fine as Chernick is already subject to [...]

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