Baruch Fogel, a California doctor, pleaded guilty in the U.S. District Court for the Central District of California to one count of willful failure to report the existence of a foreign bank account on a FBAR.

Americans who live abroad continue to be subject to U.S. taxation despite having left the United States. American expats should be aware of this and the consequences of not being tax compliant.

Howard Bloomberg, a certified fraud examiner, pleaded guilty to one count of failure to file an FBAR reporting his interest in a bank account at UBS in Switzerland.

Former DOJ Tax Division AAG Kathy Keneally warned on June 24, 2014, that taxpayers should think carefully before signing a certification of non-willfulness.

On November 13, 2014, Hong Kong announced that it had signed a Model 2 FATCA IGA. Under the agreement Hong Kong financial institutions will enter into separate FFI agreements with the IRS and will report information on U.S. account holders directly to the IRS.

The U.S. Treasury announced that on April 11, 2014, India agreed "in substance" to sign a Model 1 FATCA IGA with the US.

The IRS announced major changes to the OVDP, including a major expansion of the so-called Streamlined Program.

U.S. Senators Carl Levin and John McCain wrote a letter urging the Justice Department to seek extradition of about 30 Swiss bankers.

Swisspartners Group resolved a U.S. criminal tax probe by forfeiting $3.5 million and paying $900,000 in restitution for helping U.S. clients evade taxes.

On December 1, 2014, the U.S. Treasury Department announced that countries that have reached FATCA inter-governmental agreements (IGAs) in substance but have not signed the agreements by the December 31 deadline will, under some conditions, still be treated as having intergovernmental agreements in effect.

On March 28, 2014, the U.S. signed a FATCA IGA with Luxembourg.

The proliferation of Bitcoin and other cryptocurrencies has raised many questions about the legal status of these technologies and financial instruments ...

This week the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has delisted and redesignated Tornado Cash to record further reasons for the designation...

On Oct. 9, 2018, the Securities and Exchange Commission (SEC) filed a subpoena enforcement action in California against an investment trust that failed to respond to an investigative subpoena...

Partner Janine Anthony Bowen sits down one-on-one with current Chief Information Officers in the new series, "Technology from the Top: AI, Data and the Future of Business with Today's CIOs...

According to recent reports, nearly $3 billion in bitcoin was withdrawn from exchanges last week, with a huge spike on November 9, and more users appear to be moving their bitcoin to non-custodied wallets.

On today's episode of Rev Up!, BakerHostetler Partners Ashley Hess and Peter Roskam will discuss the impact of the new presidency and Congress on the Automotive/Mobility Industry…and how the Republican.

On Feb. 1, 2019, the Venezuelan Ministry of National Commerce sent a notification that patent and trademark fees ...

On May 9, 2014, the U.S. Treasury announced that Hong Kong had agreed in substance on a Model 2 FATCA IGA.

On Tax Day it is a helpful reminder that a variety of income tax reporting obligations are associated with offshore assets.