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Thursday, February 28, 2013

Another UBS Customer is Charged (2/28/13)

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Peter Troost, owner of Troost Memorials, has been charged with tax evasion.  The press release by the USAO ND IL is here . According to th...

Mr. Cummings' Defense of Aggressive Tax Shelter Professionals (2/28/13)

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I write to offer readers the following article:  Jasper L. Cummings, Jr., DOJ Criminal Tax Overreach , 138 Tax Notes 745 (Feb. 11, 2013), he...

Prosecutor Charging Discretion (2/28/13)

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Recently in my Tax Fraud class at the University of Houston Law School, we covered the broad charging discretion the prosecutor has for fede...

Taxing Illegal Income (2/28/13)

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CNN Money has an interesting article on the requirement that recipients of illegal income report and pay tax on their income.  Steve Hargrea...
Wednesday, February 27, 2013

Yet Another Bullshit Tax Shelter Bites the Dust (2/27/13)

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We have yet another court rejection of a bullshit tax shelter.   Chemtech Royalty Associates LP et al. v. United States,  2013 U.S. Dist. 26...
Tuesday, February 26, 2013

Yet Another Bullshit Tax Shelter Bites the Dust (2/26/13)

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In Crispin v. Commissioner , 708 F.3d 507 (3d Cir. 2013), here , as had the Tax Court, the Third Circuit smacked down yet another Bullshit t...
1 comment:
Saturday, February 23, 2013

Court Rejects Claim of Ineffective Assistance of Counsel for Failure to Assert Sex Addition to Mitigate Sentence (2/23/13)

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The old adage that sex sells seems not to account for the wild popularity of the tax law.  Tax law just has no sex in it.  But every now and...
Wednesday, February 20, 2013

Required Records Subpoenas Enforced (2/20/13)

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Judge Pauley of SD NY has ordered compliance with 5 required records subpoenas issued by an  SD NY grand jury.   In re Various Grand Jury Su...
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Pistorius' Brother and Lawyer Allegedly Removed Documents from the Crime Scene Related to Offshore Bank Accounts (2/20/13)

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While not the U.S.-centric news with which this blog normally deals, the New York Times included the following in an article on the Pistoriu...
1 comment:
Tuesday, February 19, 2013

Bank Leumi and Mizrahi-Tefahot Reportedly Under U.S. Criminal Investigation (2/19/13)

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I reported Saturday on a plea agreement involving a U.S. customer of Bank Leumi (Bank B in the plea agreement) and Mizrahi-Tefahot Bank (Ban...
2 comments:
Saturday, February 16, 2013

Another Plea Agreement and Sentencing for HSBC and Bank Woori Depositor (2/16/13)

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On February 15, 2013, Bae Soo “Chris” Chon, age 49, was sentenced to one year and one day after pleading guilty to one count of tax evasion...
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New Plea Agreement Involving Israeli Banks (2/15/13)

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According to reports, Zvi Sperling pled guilty to a conspiracy count related to offshore accounts.  The Plea Ageement is here  and the Sperl...
Friday, February 15, 2013

Swiss and US Sign IGA (2/15/13)

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On February 14, the U.S. and Switzerland on February 14 signed an intergovernmental agreement (IGA) implementing the Foreign Account Tax Com...
2 comments:
Thursday, February 14, 2013

NYT Article on "Navigating Between Tax Avoidance and Evasion" (2/13/13)

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The NYT recently published an article discussing tax avoidance and tax evasion.  Paul Sullivan, Navigating Between Tax Avoidance and Evasion...
4 comments:
Wednesday, February 13, 2013

Interview of R. J. Ruble, A Tax Lawyer Incarcerated for Tax Shelter Crimes (2/13/13)

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The most recent edition, Winter 2013, of the ABA Tax Section NewsQuarterly has an interview of R.J. Ruble by Jasper L. Cummings, Jr.  The in...
Tuesday, February 12, 2013

Ahuja Sentencing (2/12/13; Expanded 2/13/13)

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Key features (combining info from prior blog, here , with the new information in red): Taxpayer :  A. Ahuja Age : ___ Conviction Date : ...
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Another Bullshit Tax Shelter Bites the Dust (2/12/13)

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In Bank of New York Mellon Corp. v. Commissioner , 140 T.C. No. 2 (2013), here , the Tax Court knocked down yet another another bullshit tax...
3 comments:
Monday, February 11, 2013

Tax Protestor Convictions Affirmed (2/11/13)

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In United States v. Hopkins , 2013 U.S. App. LEXIS 2488 (10 Cir. 2013), here , the defendants, husband and wife, were convicted of tax evasi...