by Lynam Knott | Oct 28, 2013 | Aggressive Tax Positions, Offshore Assets, Taxpayer Underpayment, Uncertain Tax Positions
Kudos to Martin Sullivan, Chief Economist and Contributing Editor at Tax Analysts who had a nice piece in the Washington Post published about him over the weekend. I’ve always admired Marty’s ability to cut through the political BS and revenue...
by Lynam Knott | Mar 26, 2013 | Aggressive Tax Positions, Offshore Assets, Taxpayer Underpayment, Uncertain Tax Positions
I saw an interesting article today by the President and Publisher of Tax Analysts in which he drew attention to the role of tax professionals in the growing crisis over reduced corporate tax receipts in a time of record corporate profits. He focused his...
by Lynam Knott | Dec 18, 2012 | Aggressive Tax Positions, Department of Justice, Offshore Assets
Tax practitioners and government officials recently came together at the American Bar Association International Tax Enforcement Conference in New York to discuss international tax enforcement rules and procedures. Among the topics of discussion was the federal...
by Lynam Knott | Sep 11, 2012 | Award Determinations, IRS Whistleblower Office, Offshore Assets
Congratulations to Brad Birkenfeld for receiving a $104 million award from the IRS for turning in UBS for their offshore banking practices. Kudos to Steve Kohn and Dean Zerbe, his counsel since 2009 on this matter. It appears that Birkenfeld’s award...
by Lynam Knott | Feb 7, 2012 | Department of Justice, Offshore Assets, Voluntary Disclosure Initiative
The latest round of the U.S. crackdown of tax evasion through the utilization of undeclared offshore bank accounts has the US significantly upping the stakes of the game. The U.S. Department of Justice has indicted Wegelin & Co, founded in 1741 – which...
by Lynam Knott | Nov 8, 2011 | Department of Justice, Offshore Assets
It has been known for some time that Credit Suisse was the latest target in the crosshairs of the IRS and Department of Justice for hiding money on behalf of U.S. taxpayers. Today’s Wall Street Journal article, Credit Suisse to Hand Over Account Data,...
Recent Comments