Not filing of taxes is a culpable felony in some jurisdiction. But the government such as that in the United States, late filing of federal taxes is not a punishable offense in order not to totally discourage the taxpayer from filing his taxes. However, late filing of the taxes ...
Most Recent Articles For: criminal prosecution
Written by admin on September 3rd, 2011
Written by admin on August 30th, 2011
Offshore International Today Aug 2011
Lance Wallach
You may want to think about participation in the IRS' offshore tax amnestyprogram (called the Offshore Voluntary Disclosure Initiative). Do you want to play audit roulette with the IRS? Some clients think they are too small to be prosecuted. They are wrong.
To the average ...
Written by admin on July 1st, 2011
Article by Kevin Thorn
The deadline to apply to the IRS Voluntary Disclosure Program now over; however U.S. taxpayers still can file a voluntary disclosure under the IRS normal procedures. In 2009, the IRS and U.S. Department of Justice began its highly publicized investigation into Swiss bank UBS AG and ...
Written by admin on May 14th, 2011
Over the last year, the United States government has taken a great interest in undisclosed foreign bank accounts. Individual taxpayers who file U.S tax returns, and who have any offshore or foreign accounts must ...
Written by admin on May 11th, 2011
The U.S. Treasury has hinted that it may again offer an amnesty program for taxpayers hiding undeclared money in offshore accounts. Just before Christmas, IRS Commissioner Doug Shulman commented about the success of 2009's ...
