tax fraud

The Asset Recovery Case Of Cohen v. S.A.C. Trading Corp.

Fred Abrams
March 12, 2012 19:11

The New York Post and Bloomberg wrote last month about the appeal pending in Cohen v. S.A.C. Trading Corp., et. al., (11-1390-cv). The Cohen appeal is over the trial court’s March 30, 2011 dismissal of Patricia Cohen’s Second Amended Complaint.  The Second Amended Complaint accused Ms....

Asset Search News Roundup: March 4, 2012

Fred Abrams
March 04, 2012 22:16

Todays “Asset Search News Roundup” mentions whistleblower programs: An Asset Search Via Whistleblowers & Other Tipsters comments on IRS and SEC efforts to sniff out fraudulently concealed assets with the help of reward programs.  Forbes’ March 2nd article IRS Whistleblowers...

New Foreign Asset Reporting Requirements for 2011 Returns

March 03, 2012 18:46

Posted by Jennifer BendaThe HIRE Act of 2010 enacted Section 6038D which requires single taxpayers to report ownership of specified foreign financial assets which in aggregate exceed $50,000 on new Form 8938, which is filed with an individual’s Form 1040.  Various dollar thresholds apply...

Asset Search News Roundup: February 19, 2012

Fred Abrams
February 20, 2012 02:50

The Financial Action Task Force updates its standards and two politically exposed persons are criminally charged in the Turks and Caicos Islands¹: The Financial Action Task Force has revised its 40 Recommendations for fighting money laundering and terrorist financing.  A February 16th press release...

The Dirty Dozen - 12 Tax Scams to Beware of in 2012

Greg Herman-Giddens
February 17, 2012 01:24

The IRS has released its annual list of tax scams for taxpayers to watch out for - review this list to help educate and protect yourself.  Believe it or not, the IRS wants to help!