Patrice Tierney, wife of U.S Representative Patrice Tierney pleaded guilty in U.S District Court in Bosotn to four counts of aiding and abetting filing of false tax returns for her brother, a federal fugutive indicted on illegal gambling charges. Prosecutors said that Mrs. Tierney managed a bank account for her brother Robert Eremian that...

Italian investigators have seized $30 million in the Vatican assets from another Italian bank when evidence was revealed that influential residents of Italy have used the Vatican Bank which has "offshore status" to hide fraud and tax evasion. This isn't the first time the Vatican Bank has been implicated in wrongdoing. During the...

Last year, the IRS began cracking down on U.S. citizens with offshore banks accounts who were not reporting income or filing proper records. Now the IRS and Dept of Justice is engaged in a wide ranging investigation on offshore accounts for potential tax evasion. Under a fairly recent law, whistleblowers of tax evasion including...

Dozens of gas station owners in Illinois are under indictment and accused of defrauding the state of gasoline sales taxes. 66 gas station owners were accused of underreporting the amount of sales in order to pay lower sales taxes. More tax fraud charges are coming and other states are lookin into similar violations

NOT ALL TAX SHELTERS ARE LEGITIMATE and tax fraud does exist. Here are a few ways in which tax shelters can be fraudulent: 1. Tax shelters that hide money to avoid paying taxes are fraudulent 2. Buying or selling assets, goods or services at far below market value to chelter income in illegal 3. Charging an unusually...

The Internal Revenue Service announced today that it would restructure units to create the "large business international division" which will scrutinize multinational corporations. International tax evaction has become a central focus now for the IRS.

GlobalPost.com, the internet based world wide news company is running a series of revealing stories starting this morning on Bradley Birkenfeld, the UBS whistleblower who blew the lid off  U.S.tax evaders using foreign bank accounts. GP gained unusual access to Birkenfeld, who is now in prison for reasons you need to read. www.GlobalPost.com

The Corporate Whistleblower Center has been demanding enforcement of US laws pertaining to US Internet gambling for half a decade. The group says, "for the better part of a decade Internet gambling has seen sizable growth, in its current form Internet gambling/casino's are frequently owned and operated by off shore organized crime syndicates, and...

Recently, a corporation decided to proclaim bankruptcy as a tax shelter but the bankruptcy judge called the bankrupcy a sham and dismissed the bankruptcy proceeding. Three Seventh Circuit judges just affirmed that decision on appeal clarifying that bankruptcy was not created by Congress as a way to get out of paying taxes. See In...