ABA 31st Annual National Institute on White Collar Crime

The American Bar Association's (ABA) 31st Annual National Institute on White Collar Crime is March 8-10, 2017 in Miami, FL. I will be there along with more than 1,200 other attorneys, judges, accountants and other professionals practicing in the white collar crime area. Be sure to complete Matt Kaiser's ABA White Collar Conference Bingo Card and check out his guide to the conference. See you at the Collora party!
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IRS Issues “Dirty Dozen” List of Tax Scams for 2017

IRS Collection Dispute McMahon & Associates Boston Tax Attorney
Sharing IRS Press Release IR-2017-37, Feb. 17, 2017 WASHINGTON — The Internal Revenue Service today announced the conclusion of its annual "Dirty Dozen" list of tax scams. The annual list highlights various schemes that taxpayers may encounter throughout the year, many of which peak during tax-filing season. Taxpayers need to guard against ploys to steal their personal information, scam them out of money or talk them into engaging in questionable behavior with their taxes. "We continue to ...
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Howard Stern sued after airing private call between IRS agent and taxpayer

IRS Phone Scams
A U.S. taxpayer is suing Howard Stern and Howard Stern Production Company in Massachusetts District Court in Boston for airing her private call with an Internal Revenue Service (IRS) agent. Prior to taking the taxpayer's call, the IRS agent had called into the Howard Stern show and had been placed on hold. Somehow the lines crossed and the Howard Stern show broadcast the private call. In a statement to WBZ, the IRS stated, “We are aware of this troubling situation, and we are currently reviewin...
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New IRS Compliance Campaigns for large businesses and International taxpayers

Boston Tax Attorney IRS Audit
The Internal Revenue Service (IRS) Large Business and International (LB&I) division announced a new series of campaigns targeting fraud and tax evasion by businesses with assets over $10 million and wealthy individuals with international tax compliance obligations. The new strategy moves towards issue-based examinations and a compliance campaign process in which LB&I decides which compliance issues present significant risk to require a response. LB&I identified the 13 campaigns th...
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Collection Agencies to Begin Collecting Old Tax Debts for IRS

Tax Evasion Boston Tax Attorney
IRS Hires Private Debt Collectors Starting in the Spring of 2017, the Internal Revenue Service (IRS) will use four private debt collection companies to recover old tax debts. Congress authorized the use of private collection agencies in the 2015 Fixing America’s Surface Transportation Act (FAST Act). If you owe money to the IRS, your tax debt may be handed over to one of four private collection agencies selected by the IRS to try to recover old tax debts. Don’t Fall Victim to a Tax Scam Ta...
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Court Authorizes IRS to Seek the Identities of U.S. Taxpayers Who Have Used Virtual Currency

Boston Tax Attorney Blog Money
A federal court has granted the Internal Revenue Service (IRS) authority to serve a John Doe summons on Coinbase Inc., seeking information about U.S. taxpayers who conducted transactions in a convertible virtual currency during the years 2013 to 2015. IRS Definition of a John Doe Summons In the typical scenario, the IRS issue a summons to a third party to obtain information regarding a specific taxpayer whose identity is known. In contrast, a John Doe summons allows the IRS to obtain informati...
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Justice Department Reaches Final Resolutions Under Swiss Bank Program

Tax investigation
In a press release, the Department of Justice announced that “it has reached final resolutions with banks that have met the requirements of the Swiss Bank Program.  The Program provided a path for Swiss banks to resolve potential criminal liabilities in the United States, and to cooperate in the Department’s ongoing investigations of the use of foreign bank accounts to commit tax evasion.  The Program also provided a path for those Swiss banks that were not engaged in wrongful acts but nonethele...
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New IRS Fast Track Mediation Collection Program

Tax Mediation
The Internal Revenue Service (IRS) has created a new fast track medication program to resolve some offer-in-compromise (OIC) and trust fund recovery penalty (TFRP) disputes. The expedited process, SB/SE Fast Track Mediation–Collection (FTMC), will be heard by an Office of Appeals mediator. FTMC allows taxpayers in Collection an early and expedited opportunity to resolve their case. It will replace the fast track mediation (FTM) program. FTMC is optional. Fast Track Settlement (FTS) is stil...
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IRS Warns Taxpayers of Numerous Tax Scams Nationwide

The Internal Revenue Service (IRS) is once again warning taxpayers of tax scams. “Whether it's during the holidays or the approach of tax season, scam artists look for ways to use tax agencies and the tax industry to trick and confuse people,” said IRS Commissioner John Koskinen. “There are warning signs to these scams people should watch out for, and simple steps to avoid being duped into giving these criminals money, sensitive financial information or access to computers." Here are some tips...
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Posted in IRS