International Taxation
16 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Gary S Wolfe
Scoop.it!

IRS Panama Papers: US Tax Compliance & Foreign Entities

The Panama Papers revealed up to 3000 US taxpayers with offshore accounts held through foreign entities for purposes of anonymity.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

US Money Laundering Law and Foreign Tax Evasion

In the Pasquantino case the U.S. Supreme Court determined that a foreign government has a valuable property right in collecting taxes and that right may be enforced in a U.S. court of law.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

IRS Tax Audits: Protecting Assets Against IRS Seizure

For US taxpayers who are under an IRS tax audit, asset protection is a real concern since they are subject to immediate asset seizures under IRS jeopardy assessments (if the IRS determines that collection is at risk).
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

Soccer Star, Neymar, Guilty of Tax Evasion

Soccer start, Neymar, star forward for Barcelona, has been reportedly found guilty of tax evasion in Brazil
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

Offshore Tax Evasion - Waiver of Criminal Civil Penalties

U.S. Taxpayers who commit offshore tax evasion are subject to serious civil and criminal penalties.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

Swiss Banks and the US Dept. of Justice

On 7/16/15 Reuters reported that three more Swiss banks will pay penalties to the United States as part of deals that mean they will not face criminal charges for helping Americans avoid taxes.
Gary S Wolfe's insight:

Read our latest blog post.

more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

FBAR Penalties (2015): Taxpayer Willfulness & Required Records Exception

For US taxpayers with Foreign Bank Accounts valued over $10k, a Fincen Form 114 must be electronically filed by June 30 each year.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

3 New E-books from the Wolfe Law Group

After 10 years of research I am pleased to announce the 2014 publication of 3 new e-books (published by BG Digital Publishing) now available on Amazon.
Gary S Wolfe's insight:

Check out our new recently published e-books

more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

Offshore Tax Dealings: Celebrities, Sportsmen, Politicians, and a Princess

Leaked records held with Kleinwort Benson reveal the range of prominent individuals involved in offshoring.
Gary S Wolfe's insight:

The Guardian has revealed the identities of celebrities and aristocrats – including Mel Gibson and Eddie Jordan – who have had offshore dealings, as controversy grows over the Jersey links of the newly-appointed financial services minister Andrea Leadsom.

more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

Swiss Banks Tell American Expats to Empty Their Accounts | TIME.com

Swiss Banks Tell American Expats to Empty Their Accounts | TIME.com | International Taxation | Scoop.it
“My U.S. passport has been such a liability,” complains one Zurich resident, as Swiss banks crack down on U.S.-owned accounts following new, strict American legislation coming into effect next year
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

International Tax Attorney Uses Digital Publishing to Educate U.S. Taxpayers on Offshore Tax Evasion

Los Angeles, CA (PRWEB) November 07, 2013 -- In order to educate others on the perils of Offshore Tax Evasion, Gary Wolfe has recently published five eBooks.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

IRS Voluntary Disclosure 2013: An Update

Two recent cases demonstrate the great risk attendant to the IRS offshore Voluntary Disclosure Program.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

In Reversal, IRS Gives Amnesty To Owners Of Secret Israeli Bank Accounts

In Reversal, IRS Gives Amnesty To Owners Of Secret Israeli Bank Accounts | International Taxation | Scoop.it
As the government was trumpeting its latest criminal case charging offshore tax evasion---this one against billionaire Beanie Baby creator Ty Warner—the IRS was quietly faxing letters to some others with offshore accounts, informing them they...
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

International Tax Evasion and Money Laundering: Criminal Prosecutions

For Money Laundering, 18 USC 1956 (a)(2) defines international money laundering transaction.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

7 Arts Film Company: Tax Shelter Gone Wrong

In London/UK ten promoters lawyers and CPAs involved have been criminally indicted.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

US Launches Crackdown on International Tax Evasion

In an explosive new development, the White House announced on May 5, 2016 that President Obama has signed executive orders to attack tax evasion, money laundering and corruption.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

The IRS & Offshore Trusts: FATCA

Under FATCA, new reporting and disclosure requirements for foreign assets were phased in between 2010-2014.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

The IRS: International Tax Evasion and Money Laundering - Part 1

International tax and estate planning may lead to tax evasion (and additional crimes: money laundering, mail fraud, wire fraud) if the U.S. taxpayer either fails to pay tax due to federal, state or foreign governments.
Gary S Wolfe's insight:

New Blog Post -->

more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

Asset Protection 2015: IRS Tax Audits & Lawsuits

In Asset Protection 2015 our focus is on the two biggest risks to high net worth investors: IRS tax audits and lawsuits.
Gary S Wolfe's insight:

I am please to announce the publication of my 13th book, Asset Protection 2015: IRS Tax Audits & Lawsuits.

more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

Feds Push Prison For Undisclosed Offshore Accounts

Feds Push Prison For Undisclosed Offshore Accounts | International Taxation | Scoop.it
Offshore Accounts Can Draw Prison Time, and a New Focus on Willfulness After 5 Years of IRS Disclosure Programs Suggests a New Hard Line.
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

Hidden in Plain Sight: New York Just Another Island Haven

Hidden in Plain Sight: New York Just Another Island Haven | International Taxation | Scoop.it
Dodgy characters are buying up luxury New York apartments to funnel wealth into the U.S.
Gary S Wolfe's insight:

"...one of New York’s dirty secrets: High-end New York real estate is an alluring destination for corrupt politicians, tax dodgers and money launderers around the globe."

more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

Credit Suisse and the IRS

On 5/19/14, Switzerland's 2d biggest bank, Credit Suisse plead guilty to helping Americans avoid income taxes
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

IRS Succeeding with International Tax Compliance Efforts

IRS Succeeding with International Tax Compliance Efforts | International Taxation | Scoop.it
A unit set up by the Internal Revenue Service to improve international tax compliance by individuals is paying off, according to a new government report, enabling IRS auditors to assess an additional $36 million in taxes for fiscal years 2011 to...
more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

Tax Planning for US Exports: Movies, TV & Music

The Wolfe Law Group is pleased to announce that on Nov. 14, 2013 they are hosting an international tax seminar at the Beverly Hills Country Club, LA’s premiere tennis club/resort/spa 

Gary S Wolfe's insight:

The Event’s topic is “Tax Planning for US Exports: Movies, TV & Music.”

more...
No comment yet.
Scooped by Gary S Wolfe
Scoop.it!

FATCA's Bleak Choices For Accounts, Income, Disclosure

FATCA's Bleak Choices For Accounts, Income, Disclosure | International Taxation | Scoop.it
(Photo credit: Images_of_Money) Is any offshore income, account or trust still secret? The only safe assumption is no. And contrary to public opinion, it is not merely a prospective problem.
more...
No comment yet.