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From Law 360 Law360, New York (March 31, 2016, 4:22 PM ET) -- The U.S. Tax Court said Thursday that a former Internal Revenue Service agent who pled guilty to a criminal count of tax evasion nevertheless doesn't owe taxes to the agency because the evidence shows that he did not have any unreported income. Bohdan Senyszyn pled guilty to tax evasion in connection with embezzling some $250,000 from New Jersey real Read More
Alan Weisberg Quoted in Daily Business Review Article on Curacao Startups
Attorney Alan Weisberg was recently quoted in a Daily Business Review article on startups in the island nation of Curacao. Click the images to enlarge and read the full article below! Curacao Stock Exchange Seeks International Startups Monika Gonzalez Mesa, Daily Business Review March 30, 2016 Read more Rene Romer, ceo and managing director of the Dutch Caribbean Stock Exchange handout Officials in Curacao, a Read More
No Country Off-Limits For DOJ's Tax Evasion Crackdown
Law360, New York (March 23, 2016, 10:39 AM EDT) -- In its first-ever conviction of a non-Swiss financial institution for tax evasion conspiracy, the U.S. Department of Justice’s Tax Division announced on March 9, 2016, that two Cayman Islands firms pleaded guilty in a U.S. court to conspiring to hide more than $130 million in Cayman bank accounts. The two financial institutions, Cayman National Securities Ltd. (CNS) Read More
Understanding the IRS’s Power to Seize Assets
No one enjoys handing over hard-earned income to the IRS in the form of taxes. However, failing to pay your tax liability has the potential to result in much worse than penalties and interest. We have previously discussed the potential for criminal tax penalties, which you can read about by clicking here, but what we are now referring to is the IRS’s power to seize assets. The IRS has incredibly broad and Read More
Advantages and Disadvantages of IRS Installment Agreements
What happens when you receive an eye-popping bill from the IRS which you know you will be unable to pay? There are a number of different programs and options which taxpayers can leverage to find some degree of relief, and the IRS Installment Agreement is one of the most commonly utilized. An Installment Agreement allows a taxpayer to pay off their tax debt in monthly increments over a specific period of time, rather Read More
Trust Seeks $20M Tax Refund Related To Madoff Losses
A marital trust that lost money in Bernie Madoff’s Ponzi scheme filed suit against the federal government in Florida federal court Thursday, seeking a $20 million tax refund related to reported income that was found to be nonexistent after the scheme imploded. Click here to read more about this story. Read More
IRS Identity Theft Aide Pleads Guilty to Identity Theft
An IRS employee tasked with helping people who’d had their identities stolen pled guilty in Alabama federal court Monday to stealing identities herself as part of a scheme to net more than $1 million of the government’s money with phony tax returns. Click here to read more of this story. Read More
4 Ways to Avoid Criminal Tax Charges
Not only does the IRS have the power to impose serious civil penalties, charge interest, and seize assets as a consequence of tax issues, there is also a whole section of the Internal Revenue Code that deals with criminal tax issues. While it is statistically rare, you could face criminal charges including fines and even jail time for tax fraud. The IRS and other federal agencies may conduct criminal investigations Read More
Alan Weisberg Featured in Daily Business Review
Attorney Alan Weisberg was recently featured in a Daily Business Review article. Click the images to enlarge and read the full article below! Surprise: Foreign Deals Can Come With US Taxes Monika Gonzalez Mesa, Daily Business Review January 11, 2016 Read more South Florida's multinational population means many U.S. nationals in the region have assets in foreign countries, but many don't realize their overseas income Read More
Understanding the IRS Offer-In-Compromise
Unpaid taxes can create a nightmare scenario when one’s tax liability spirals out of control. It can ruin your finances, both personal and business related, and it is astonishing how quickly a small amount of unpaid taxes can snowball into crushing debt. Fortunately, when you are no longer able to afford your tax obligations, the IRS does offer potential options to help you reach a settlement, at least when they Read More
