Holtz, Slavett & Drabkin, APLC

Swiss Banks Are Entering Disclosure Program as Deadline Approaches

by Igor Drabkin | Dec 17, 2013 | Criminal Tax, FBAR, Internal Revenue Service, Offshore Income

As the December 31st deadline is approaching, about a dozen of Swiss banks have indicated that they are entering the DOJ Program for Swiss Banks.

Florida Doctor Convicted of Tax Crimes for Hiding Money Offshore

by Igor Drabkin | Oct 29, 2013 | Criminal Tax, FBAR, Internal Revenue Service, Offshore Income

In the most recent case of government’s crackdown on offshore tax evasion, a Florida psychiatrist, who together with her husband founded two Caribbean medical schools, was found guilty of conspiring to defraud the Internal Revenue Service and filing false tax returns.

Effect of Government Shutdown on Taxes and the IRS

by Igor Drabkin | Oct 1, 2013 | Audit, Criminal Tax, Internal Revenue Service, Tax Collection

The government shutdown, however, does not mean that you get a free pass from filing and paying your taxes. During the government shut down all tax laws remain in effect, and all taxpayers should continue to meet their tax obligations, including timely filing of the extended tax returns by October 15, 2013. During the government shutdown, the IRS will continue to accept and process all tax returns with payments but will not issue refunds.

Billionaire Ty Warner Charged with Offshore Tax Evasion

by Igor Drabkin | Sep 19, 2013 | Criminal Tax, FBAR, Internal Revenue Service, Offshore Income

Department of Justice announced that Ty Warner, creator of Beanie Babies, was charged with federal tax evasion for allegedly failing to report income he earned in a secret offshore financial account he held with UBS in Switzerland. Warner ranks as # 209 on the Forbes list of richest Americans.