A San Diego restaurant manager with over 110 employees plead guilty to employment tax fraud this week. The manager has agreed to pay over $2.2 million in restitution to settle the $1.5 million tax loss he caused to the IRS by paying his personal income taxes rather...
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Tax Crimes
Tax Fraud, Cybercrimes, and Identity Theft – Oh my!
The IRS released its 2020 Criminal Investigation Annual Report touting an impressive achievement over the fiscal year of identifying more than $10 billion in tax fraud and other financial crimes. Despite the pandemic, the division investigated 1,600 cases to thwart...
Rolling in Dough(nuts)
The family of three Dippin Donut stores in New York were figuratively rolling in dough when they allegedly concealed over a million dollars in cash sales by depositing the money into their personal accounts instead of their business accounts. The trio also evaded...
Coming Clean is Costly
Robert Smith, CEO of a San Francisco-based company, committed serious financial crimes including his involvement in an illegal scheme to hide income for 15 years and evade millions of dollars in taxes by using offshore trusts and bank accounts. He used his tax savings...
Third-Party Payroll Services Can Get You In Trouble
The IRS is cautioning businesses that use third-party payroll services to be aware that the business is usually still held legally responsible if any tax filing is done wrong on their behalf. Although most payroll services are legitimate, every year employers are hit...
Don’t Get Scammed!
In the IRS’ annual “Dirty Dozen” list of tax scams for the year, taxpayers are urged to watch for some of the old tricks, like fake e-mail messages or threatening phone calls by those purporting to be the IRS, to newer scams of fraudsters posing as fake charities...
The U.S. Attorney’s Office takes Swift Action on CARES Act Fraud
The Department of Justice and U.S. Attorneys’ Offices around the Nation regularly investigate and prosecute tax preparers who prepare and file fraudulent income tax returns with the IRS. These government agencies are now seeking out those fraudsters who have filed...
Joint Chiefs of Global Tax Enforcement Report on Progress Identifying Massive Global Tax Cheats
It has been two years since international tax leaders from Australia, Canada, the Netherlands, the United Kingdom, and the United States joined forces in the “J5” to combine resources to target enablers of tax crime, particularly related to virtual currency. Since its...
Impressive Action to End Sophisticated Offshore Tax Evasion
The J5 joined forces recently to thwart tax evasion activities by an international financial institution located in Central America that facilitated the concealment and transfer of wealth around the world. This first-time action has paid off in achieving the joint...
IRS Issues Annual Criminal Investigation Report
The IRS issued its Criminal Investigation Division's annual report regarding its activities and successes in thwarting tax crimes over the past year. Primary areas of investigation included cybercrimes involving cryptocurrency, employment tax, international tax...
