Archive by Month: January 2015

Tax Evasion Investigation Moves Forward


Posted in on January 30, 2015

From 2005 to 2013, a company called Sovereign Management & Legal LTD (Sovereign) reportedly helped U.S. citizens perpetrate and carry out schemes to defraud the government of income tax revenue.  The Internal Revenue Service, as well as local prosecuting authorities, are trying very hard to find out exactly which U.S. taxpayers may have sought help from Sovereign and taken steps to hide assets and income. 

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The Recent Unsealing of a Criminal Indictment Makes Investors Take Notice

Offshore Account Update

Posted in on January 16, 2015

Investors who have money in offshore accounts need to be aware that the Internal Revenue Service is looking to make examples out of those who do not declare their accounts. Just recently, a new indictment was announced against a U.S.-citizen/Kentucky resident with money that was kept in undeclared offshore accounts. This investor who has been indicted faces up to five years of incarceration if he is convicted of the charges he faces. 

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