Being accused of tax fraud can have serious consequences. If a person is convicted of this type of crime, he or she can receive a variety of punishments including a prison sentence. This can be seen in the potential penalties a suspect is facing in a tax fraud case...
Tax Evasion
Four Swiss bankers face tax evasion charges
Recently, the U.S. government has been stepping up its enforcement efforts against the use of hidden offshore accounts to commit tax evasion. As part of this enforcement, the government will sometimes conduct criminal prosecutions against the banks or bankers that it...
Former councilman begins jail sentence for tax evasion
Facing criminal tax charges can have major repercussions on a person's life. This can be seen in the case of a South Carolina man who recently began a prison sentence for tax evasion.The case involves a former city councilmember from Columbia, South Carolina. He...
Florida Court Sentences Miami Business Owner In Tax Evasion Case
Authorities can be aggressive in their prosecution of individuals suspected of tax fraud. This includes business owners who are suspected of trying to avoid paying business-related taxes. Recently, a tax evasion case concerning a business owner occurred in Florida.The...
Offshore Account Case In Florida Results In Guilty Plea
We have discussed in the past how the IRS has begun to develop new methods to detect offshore bank accounts used by taxpayers. A recent federal case brought in Miami demonstrates a couple of potential new tactics the U.S. government may be using to pursue offshore...
Jail Sentence For Tax Evasion Begins For Snipes
Today, the actor Wesley Snipes will begin his prison sentence for tax evasion. His case brings up some interesting issues regarding justice and the media. Snipes was tried in a court in Florida for several charges of tax evasion. He was accused of failing to report...
IRS Drops Action Against Swiss Bank
There are many ways the IRS attempts to reveal whether tax evasion has occurred. Sometimes, they use carrots, like amnesty programs. And other times they use sticks, like litigation. This week, it appears that the trend may be moving towards carrots.The IRS announced...
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