According to DoJ, the former managing director and vice chairman of Julius Baer pleaded guilty on August 22, 2018, for his role in a $1.2 Billion international scheme to launder funds embezzled from Venezuelan state-owned oil company Petróleos de Venezuela, S.A. (PDVSA). Matthias Krull, 44, a German national and Panamanian resident, pleaded guilty to one count of conspiracy…
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Pa Nurse May Need Anesthesia For Tax Evasion Pain
According to the DoJ, a Penn Hills, Pennsylvania resident pleaded guilty in federal court to 2 counts of income tax evasion. According to documents and information provided to the court, Loren Pulliam, 53, a certified registered nurse anesthetist, pleaded guilty to 1 count of evasion of payment and 1 count of evasion of assessment. Between 2002…
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LB&I Has Announced the Approval of 5 Additional Compliance Campaigns
The IRS Large Business and International division (LB&I) has announced the approval of five additional compliance campaigns. LB&I announced on January 31, 2017, the rollout of its first 13 campaigns, followed by 11 campaigns on November 3, 2017, five campaigns on March 13, 2018, six campaigns on May 21, 2018, and five more on July…
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LB&I Issues New IRS Directives Issued for IRC § 482 Transfer Pricing Examinations
On January 12, 2018, the Large Business and International Division ("LB&I") of the Internal Revenue Service issued5 directives which provide instructions on how IRS agents should approach an audit examination. These directives will remain in effect through January 12, 2020 (or until the appropriate Internal Revenue Manual and related references are updated). Prior to the…
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