Legal Analyst Steve Moskowitz Keeps News on Barry Bonds In Perspective

Posted on by Moskowitz LLP Posted in Criminal Tax Law, Tax: Audits, Litigation & Collection
Other Posts in this Series Courts Determine Public Access in Bonds Case Legal Analyst Steve Moskowitz Will Report on the Bonds Trial Opening Statements Given at Barry Bonds Trial The Barry Bonds Trial, A Recap of Week Two The Barry Bonds Trial, Before the Closing Arguments and Jury Deliberations The...
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Voluntary Disclosure Initiative

Posted on by Moskowitz LLP Posted in International Taxation, Criminal Tax Law
"Last & Best" 2011 Offshore Voluntary Disclosure Initiative On February 8, 2011, the Internal Revenue Service announced the "last and best" voluntary disclosure program for those with offshore accounts.  The official name of the program is the "2011 Offshore Voluntary Disclosure Initiative" (OVDI).   This new program is scheduled to run...
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History of the Internal Revenue Service’s Voluntary Disclosure Program

Posted on by Moskowitz LLP Posted in International Taxation, Criminal Tax Law, Tax: Audits, Litigation & Collection
This is a two-part blog post on the evolution of IRS voluntary disclosure programs.  The first post traces these programs from their inception through the 1990's.  The second post discusses the programs beginning in 2000 and carrying through to the present day. Overview Since the Justice Department sued UBS in...
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White Collar Crime, Structuring

Posted on by Moskowitz LLP Posted in Business Law, Criminal Tax Law, Tax Planning & Compliance
Federal law requires business and financial institutions to report currency transactions in excess of $10,000 in a single or “related” transaction within a twelve-month period. Businesses must file an IRS form 8300 and financial institutions must file a currency transaction report. Even though making a deposit or withdrawal greater than...
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INTERNAL REVENUE CODE SECTION 7623: THE WHISTLEBLOWER STATUTE

Posted on by Moskowitz LLP Posted in Criminal Tax Law, Business Law
Under the Internal Revenue Code, individuals acting as “whistleblowers” by reporting underpayment of taxes or violation of tax laws by another taxpayer may be awarded money from the amount collected by the government.  To be eligible for a section 7623 award, the disputed amount must exceed two million dollars, and...
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Wesley Snipes to serve three years in federal prison for not filing tax returns

Posted on by Moskowitz LLP Posted in Tax Planning & Compliance, Criminal Tax Law, Tax: Audits, Litigation & Collection
Owing taxes is not a crime, but his willfully not filing a tax return is San Francisco, CA - It is not a crime to owe money to the IRS. If Wesley Snipes had filed his tax returns but couldn't pay he would not be going prison. Willfully not filing is where...
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