IRS Criminal Investigation expects to hire more agents, pursue more crypto cases The Internal Revenue Service’s Criminal Investigation division identified $1.8 billion in tax fraud in 2019, with a 91.2 percent conviction rate for all financial crimes, according to the division’s 100th annual report released Thursday, which also highlighted a continued focus on employment tax,…Read more
How Will The IRS Know? – IRS Whistleblower Office Collected More than $616 Million in 2019!
On June 5, 2019, we posted IRS Whistleblower Office Collects Over $1.44 Billion & Paid a Record $312M to Tipsters where we discussed that the Internal Revenue Service’s Whistleblower Program made 217 awards to whistleblowers totaling $312,207,590 and collected $1,441,255,859 in fiscal year 2018, according to a new report. the in its 2019 Annual Report to Congress, the Whistleblower…Read more
Union Bancaire Privée, UBP SA Forgot To Report Some US Account Holder?
The DoJ announced that it has signed an addendum to a non-prosecution agreement with Union Bancaire Privée, UBP SA (UBP), a private bank headquartered in Geneva, Switzerland. The original non-prosecution agreement was signed on Jan. 6, 2016. At that time, UBP reported that it held and managed 2,919 U.S. Related Accounts, with assets under management of…Read more
151 Offshore Banks & Financial Advisors Are Turning Over Your Names To The IRS – What Are Your Waiting For?
On September 3, 2018 we posted 150 Offshore Banks & Now Financial Advisors Are Turning Over Your Names To The IRS - What Are Your Waiting For? and since then the Government has add Adrian Baron (effective 9/11/2018) to this list bringing the number to 151 Offshore Banks and Foreign Financial Advisors.The IRS keeps updating its list of foreign banks which are…Read more