Tax Litigation Law Office of Scott Kauffman
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July 2011 Archives

Five tax scams that Orange County residents should avoid

Many Orange County taxpayers facing tax fraud accusations did not intentionally defraud the IRS. The most common way that Californians get into tax disputes is by taking the advice of a tax preparer who was either under qualified or intent on filing a false return in order to maximize his or her own profits. The unfortunate impact of this behavior is that the taxpayer is left solely responsible for the misdeeds of a predatory tax preparer.

IRS announces it will end the two-year innocent spouse limit

Most married couples in Orange County file a joint tax return. Although both spouses filing a joint return are legally responsible for ensuring the accuracy of their return, the most common practice is for one spouse to take primary control for filing the return. The less-involved spouse may look over the return before signing it, but frequently spouses will sign returns prepared by their partners without much thought.

Court affirms former IRS agent's tax fraud related convictions

A panel of circuit court judges recently affirmed the conviction of a former IRS agent for charges of mail fraud and making a false claim against the government. The IRS agent's charges arise out of her involvement in a company that promoted what the government considered a tax fraud scheme.

IRS will delay new requirements for offshore banks

The unpopular bank reporting requirements that are part of the Foreign Account Tax Compliance Act, or FATCA, are going to be delayed somewhat by the Internal Revenue Service. By unpopular we mean that offshore banks in particular are opposed to the FATCA's requirements. By delayed, we mean that the IRS will not implement some of the requirements for one, two or three years.

UBS offshore bank account holder will plead guilty

The federal government's crackdown on Americans' undeclared offshore bank accounts is continuing apace. The Obama administration has made it a priority to track down uncollected revenue from any and all sources available, and the holding of untaxed and undeclared money in offshore accounts has been a prime target of the Internal Revenue Service, the Treasury Department and the Department of Justice.

Penalties for failure to disclose offshore bank accounts, Part 2

In the last post, we began a discussion of penalties that may be assessed for failure to declare offshore bank accounts. One reason this is of particular interest is that the U.S. government is currently offering an amnesty to holders of undeclared offshore bank accounts if they come forward by August 31st of this year.

Penalties for failure to disclose offshore bank accounts, Part 1

If you are a regular reader of this blog, you know that the IRS has an amnesty program right now for American taxpayers holding undeclared offshore bank accounts. The amnesty, which is being offered through August 31st, allows people with undeclared accounts to come forward voluntarily, in exchange for which they can avoid a jail sentence.

Feds threaten to prosecute Swiss bankers for aiding tax evasion

With the current poor economy, combined with a political climate hostile to both taxes and government spending, it is no surprise that the federal government has found a renewed interest in collecting all tax revenues that are due, from any source. Tax evasion has always been a crime, but now rooting it out and collecting unpaid taxes has become almost a crusade.