NYT: U.S. Prosecutors Bring Their First Charges Over the Panama Papers

By Jesse Drucker Dec. 4, 2018 https://www.nytimes.com/2018/12/04/business/panama-papers-indictment.html Federal prosecutors in Manhattan unsealed an indictment on Tuesday that contained the first charges brought in the United States in connection with the so-called Panama Papers leak. The indictment, which a grand jury returned in late September, names four men connected to Mossack Fonseca, the Read More

A Brief Guide to the Different Types of IRS Audits

Getting an audit notice from the IRS is every taxpayer’s worst nightmare. It makes sense that such a notice would cause some anxiety and concern. Remember that an audit notice can happen for a number of reasons. From random selection to actual cause, getting a notice doesn’t necessarily mean that something is wrong. There are three main types of audits with varying degrees of involvement. So, if you’ve received a Read More

Understanding How a Jury Is Selected

The right to a trial by jury in criminal cases is guaranteed in the United States by the Sixth Amendment to the U.S. Constitution. The process of jury selection is called voir dire and involves the random selection of jurors from a jury pool, followed by the subsequent selection of 6 to 12 jurors depending on the type of case and whether the case is in federal court or state court. During voir dire, generally the Read More

Criminal Law 101: What the Arrest Process Looks Like

The phrase, “You are under arrest,” is never something you want to hear. But unfortunately, getting arrested happens, and regardless of the reason - whether you’re arrested during the alleged commission of a crime or at some other time under suspicion of one - there’s never going to be a time when you feel fully prepared. However, one of the most important things that you can do is to learn as much as you can about Read More

What to Expect at a Collection Due Process Hearing

If you have an outstanding debt with the IRS, it’s important to keep in mind the options that are available to you. This is particularly true if the IRS has already embarked on its collection process, such as by filing a bank levy, sending a notice of a federal tax lien, or by seeking to garnish your wages. But, what happens if you dispute the amount that you owe? What steps can you take to remedy the issue? If you Read More

A Brief Guide to the Different Types of IRS Audits

There are several reasons why the IRS might choose to audit you, from random selection to an actual problem related to specific activity (e.g. financial activity that doesn’t match up to what you reported on your return). Regardless of the reason, facing an IRS tax audit can be daunting. If you have received a notice from the IRS that your tax returns are being audited, the first thing to do is contact an experienced Read More

Got Offshore Accounts? 4 Tips for Staying Compliant

You often hear about people who have opened offshore accounts for illegal or less-than-savory reasons. However, there are many legitimate reasons for having a financial account outside of the US. For instance, banks in the US may not necessarily be the most secure, and we all know what happens when the economy tanks. Regardless of the reason for maintaining offshore accounts, there are complex rules and regulations Read More

5 Common Misconceptions About Misdemeanors

Getting convicted of a misdemeanor crime is no big deal...right? Well, not really. Like with felonies, some are worse than others, but all are things that should be taken very seriously. A misdemeanor is still a crime and, even though it might not be the worst crime, it’s still a crime nonetheless. But what does it really mean when you get convicted of a misdemeanor and how badly can it affect your future? The answer Read More

Swiss Bank ZKB To Pay $98.5M For Role In US Tax Avoidance

By Natalie Olivo Law360 (August 13, 2018, 8:50 PM EDT) -- Swiss bank Zürcher Kantonalbank has agreed to pay $98.5 million after admitting to helping U.S. clients dodge taxes by letting them stash money in undeclared accounts that used code names and shell companies, Manhattan federal prosecutors announced Monday. ZKB will hand over the amount as part of a deferred prosecution agreement, which the bank reached after Read More

A Brief Guide to the IRS Appeals Process

Dealing with the IRS is a headache, especially if you’ve already dealt with a problem and received a less-than-favorable determination about your tax dispute. At this point, it might feel like you’ve run out of options and just have to get on with paying what the IRS has determined that you owe.  But the fight is not yet over. The IRS Office of Appeals is an independent organization within the IRS that helps Read More