The U.S. Attorney’s Office for the Southern District of California issued a press release last week reporting a conviction of a former tax attorney. Lloyd Irving Taylor was a California licensed tax attorney and CPA, who probably should have known better, but apparently committed several crimes as part of an overall scheme to evade taxes,
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Blows Dealt to Department of Justice in Offshore Bank Account Enforcement
The big news last week was that the Department of Justice lost two high-profiled trials involving offshore bank accounts.
The first was a jury verdict of “not guilty” in the Raoul Weil case, which began on October 14, 2014, in Fort Laurderdale, Florida. The jury did not take long in its deliberations. As explained in
Stolen Identity Tax Refund Fraud Stealing Headlines
The IRS’s tax return-related identity theft problem has officially crossed from item of interest to law enforcement and tax professionals to a disturbing problem worthy of the national primetime news. On September 21, 2014, tax return-related identity theft (also known as “stolen identity refund fraud”) was the focus of a 15-minute segment on CBS’s 60
First Day of Trial for UBS Executive
The high profile federal criminal trial of Raoul Weil began today in Fort Lauderdale, Florida. Weil was the chief executive of UBS AG wealth management.
This trial was a long time coming. Weil, a Swiss citizen, was indicted for conspiracy to commit tax evasion in 2008, but he disputed the charges and was declared a
Star of “Jersey Shore” Indicted for Tax Fraud
Michael “The Situation” Sorrentino and his brother/manager Marc Sorrentingo were indicted last week for allegedly failing to pay taxes on $8.9 million of income, according to a press release issued by the Department of Justice. In addition to substantive tax counts, the government has charged the brothers with conspiracy. Among other things, the scheme
Newport Beach Executive Sentenced to 7 Years For $180 million Unreported Income
The Orange County DA’s office issued a press release yesterday reporting that Richard Engel, a 70 year old Newport Beach man, was sentenced to seven years for failing to report over $180 million of income. In 2011 Engel pleaded cuilty to 3 felony counts of filing false personal tax returns and another 5 counts for
Bakersfield Man Who Ran Catholic-Centered Charitable Websites Indicted for Tax Evasion
The Department of Justice recently issued a press release (click here to see it) announcing the indictment of a Bakersfield man, Michael Galloway, who owned the Catholic website www.Catholic.org., known as Catholic Online. According to the press release, the Department of Justice has alleged (remember, all defendant’s must be presumed innocent until proven guilty) the
Is a Tax LLM a Good Idea? Part 3.1: Ranking the Top Tax LLM Programs.
Currently, there are a few places that you may find rankings of the master of laws in taxation programs.
One of the obvious places to look would be US News and World Report, but, while they have a “tax law” ranking of law schools, it does not actually rank LLM programs. While it does
Is a Tax LLM Worth It? Part 2.1 of “Is a Tax LLM a Good Idea?”
Is Getting a Tax LLM A Good Idea? Part 1: LLM Programs Grew More Competitive…
A question law students and recent law school graduates ask with great frequency is whether they should pursue a Tax LLM.
To a great extent, the value of a master of tax laws degree tracks the value of a law degree generally. As the legal market tightened, so did the tax law market. Then, so