Tag Archives: IRS

Hastert and FIFA cases prove the oldest rule in the book: Follow the money!

What does Dennis Hastert’s indictment on apparently Very Very Bad Horrible Terrible Behavior (kudos to Kaili Joy Gray of Wonkette) and the FIFA bribery and kickback scandal (New York Times version here) have in common? They both in part involve people charged with trying to hide or disguise transfers of money—something that is of tremendous interest these days to both the FBI and the IRS.

In Hastert’s case, you have to wonder how he could have thought that making regular cash withdrawals of less than $10,000 would keep him from attracting the attention of regulators (had he never heard of Eliot Spitzer?) One thread of the FIFA investigation (NYT’s take here) involved a soccer official who had stopped filing personal income tax returns and later cooperated with investigators, as The Daily News first reported.

People! Simple Rule #1: If you look like you’re trying to hide something financial, you’re probably trying to hide something financial. And it’s darned hard to get away with in this age of heightened bank reporting.

Is that friendly tax pro really an undercover federal agent?

Today’s nominee for Stuff You Just Cannot Make Up: The New York Times reports that officers from more than three dozen agencies have posed as business people, welfare recipients, political protesters and–yes–even tax professionals, as part of undercover investigations. “At the Internal Revenue Service, dozens of undercover agents chase suspected tax evaders worldwide, by posing…Continue Reading

“The Situation” is in a not-so-good tax situation

Did you know that “Jersey Shore” reality show personality Michael Sorrentino, aka “The Situation”, and his brother Marc, grossed almost $9 million in a variety of ventures over four years? Me neither, until I read the U.S. District Court indictment, reported inThe New York Times,charging the brothers with conspiracy and filing false tax returns. Michael…Continue Reading

IRS security puts taxpayer info at risk

The IRS won’t contact taxpayers by email, because of security concerns. When I am representing a client, auditors generally will not send me emails, for the same reason. And the Service regularly puts out notices telling taxpayers how to maintain their privacy and not get taken in by scammers claiming to be with the government.…Continue Reading

IRS abandons voters on campaign finance mess

Don’t look to the IRS for potential relief from a tsunami of political advertising during the 2014 off-year elections. The Service announced in late May that it is pulling back proposed regulations on tax-exempt groups. That means that everyone from the billionaire Koch brothers to tree-hugging lefties will be able to fund ad campaigns through…Continue Reading