Today marks the end of Charity Fraud Awareness Week, an international campaign that the IRS has recently joined to help bring attention to scams targeting charities. Unfortunately, charitable organizations are often victims of fraud, cybercrime, and scammers looking...
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Month: October 2021
IRS Grants Tax Counseling Programs $41 million
This week, the IRS granted $41 million to 34 Tax Counseling for the Elderly (TCE) and 300 Volunteer Income Tax Assistance (VITA) organizations. Both programs provide free assistance and counseling on federal return preparation: TCE to individuals 60 years and older,...
(Tax) Crime and Punishment
Oleg Tinkov, a Russian-born former U.S. citizen who renounced his U.S. citizenship three days after his assets rose to over one billion dollars, has agreed to pay over $500 million in taxes, penalties, and interest to the U.S. Treasury! Tinkov lied on his U.S. Initial...
South Dakota – the New Switzerland for Bank Secrecy?
Switzerland, Singapore, and South Dakota all have something in common…these jurisdictions are favored by the extremely wealthy for bank secrecy, which often includes tax evasion, money laundering, and other crimes including worker exploitation. In 2014, Trident Trust...
