After years of little activity, the IRS in Dallas, TX and nationwide is again aggressively pursuing cases for tax evasion, false and fraudulent tax returns, the failure to declare offshore bank accounts, the use of sham offshore trusts and failure to file tax returns. Hundreds of new special agents with the Criminal Investigation Division (CID) have been hired in Dallas, TX and nationwide. As one IRS special agent put it, “We’re back in business.”
The IRS is aggressively pursuing criminal prosecution in the following areas:
- Using sham offshore trusts and bank accounts to conceal income and assets
- Shifting assets and income to hidden offshore accounts
- Failing to file FBARs regarding foreign bank accounts
- Claiming fictitious or inflated deductions
- Tax preparation services that use false or inflated deductions
- Businesses that fail to pay payroll taxes
- Failing to report true income
- Failing to file tax returns
Over the last few years, the IRS has obtained from major banks the identity of thousands of U.S. citizens who have been using undeclared offshore bank accounts and trusts to hide income and assets from the IRS. Some former foreign bank employees took lists of customers, and those lists have been turned over to the IRS. One such person, former Swiss banker Herve Falciani, allegedly took over 24,000 names of customers from HSBC. The IRS is very serious in prosecuting these individuals. Early and proactive representation is essential in order to address these issues effectively.
Contact an Experienced Dallas, Texas, IRS Defense Law Firm
If you are under investigation for any kind of tax fraud or tax evasion, please contact Dan C. Guthrie, Jr., as soon as possible. He can be reached by phone at 214-953-1000 or by filling out the form on the contact page.