According to the DoJ the former President and CEO of a Pennsylvania health services management company was indicted by a federal grand jury in Pittsburgh on February 13, 2018 for conspiring to defraud the United States and filing fraudulent income tax returns. According to the indictment, Joseph W. Nocito was CEO and President of…
Read more
There is NO Insurance for Criminal Tax Fraud
According to the DoJ a Dover, Massachusetts, insurance broker was sentenced January 25, 2018 to 8 months in prison for filing false tax returns. According to the evidence presented at trial, Anthony J. May, 62, owned and operated Clients First Financial Insurance Agency LLC, through which May sold life insurance products as an insurance broker, and Advantage…
Read more
TCJA Favors Corporations for Outbound Tax Planning
According to Jeffrey L. Rubinger and Summer Ayers LePree The Tax Cuts and Jobs Act (“TCJA”) represents the most significant tax reform package enacted since 1986. Included in this reform are a number of crucial changes to existing international tax provisions. While many of these international changes relate directly to U.S. corporations doing business outside the United…
Read more
Another Swiss Bank Client Sentenced to Prison & $14MM Fine for Not Entering OVDP Program!
We previously posted 146 Offshore Banks & Now Financial Advisors Are Turning Over Your Names To The IRS - What Are Your Waiting For? where we discussed that the IRS keeps updating its list of foreign banks which are turning over the names of their US Account Holders to the IRS for Criminal Prosecution and who are now subject to a…
Read more
