$500K FBAR Penalty Upheld by District Court: What Taxpayers Should Know
December 11, 2025
A District Court recently affirmed that a taxpayer who failed to file multiple years of required Reports of Foreign Bank and Financial Accounts (FBARs) must
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IRS Increasing Referrals to Criminal Investigation Unit
September 12, 2019
Don Fort, Chief of the Internal Revenue Service (IRS) Criminal Investigation Division (CID) recently announced that efforts are underway to increase the number of criminal
IRS Begins Sending Letters to Virtual Currency Owners Regarding Unreported Transactions
August 23, 2019
On July 26, 2019, the Internal Revenue Service (IRS) announced that it has begun to issue warning letters to taxpayers suspected of failing to meet
$14 Million Civil Penalty Charged for Failure to Report Offshore Accounts
October 30, 2017
A U.S. permanent resident from South Korea pled guilty on October 26th to charges of failing to report offshore bank accounts to the IRS. Hyung
New York Attorney Pleads Guilty to Tax Evasion
October 17, 2017
On Thursday, October 12, 2017, Herbert Lindenbaum, a personal injury and medical malpractice attorney, pled guilty to tax evasion, following a nearly two-decade scheme to