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Failing to file Report of Foreign Bank and Foreign Accounts (FBARs)

Kentucky Businessman Pleads Guilty in Manhattan Federal Court to $53 Million Tax Scheme and Massive Fraud That Involved the Bribery of Bank Officials

Kentucky Businessman Pleads Guilty in Manhattan Federal Court to $53 Million Tax Scheme and Massive Fraud That Involved the Bribery of Bank Officials

U.S. Attorney Preet Bharara for the Southern District of New York and Deputy Assistant Attorney General David A. Hubbert for the Tax Division of the Department of Justice announced that Wilbur Anthony Huff, a Kentucky businessman, pleaded guilty today in Manhattan federal court to various tax crimes that caused more than $50 million in losses […]

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Tax Return Preparers Convicted of Assisting Wealthy Clients Hide Millions in Secret Offshore Accounts at Israeli Banks

Tax Return Preparers Convicted of Assisting Wealthy Clients Hide Millions in Secret Offshore Accounts at Israeli Banks

As reported in the DOJ Press Release, a federal jury sitting in Los Angeles convicted two California tax return preparers of one count of conspiracy to defraud the Internal Revenue Service (IRS) and two counts  of willfully failing to file a Report of Foreign Bank and Financial Accounts (FBAR) announced Acting Deputy Assistant Attorney General […]

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IRS Targets U.S. Tax Cheats by Summoning Records from Shipping and Financial Service Providers

IRS Targets U.S. Tax Cheats by Summoning Records from Shipping and Financial Service Providers

Click here to view the DOJ press release dated Dec. 19, 2014. Click here to view the “[Proposed] Order Granting Ex Parte Petition for Leave to Serve “John Doe” Summonses.” A U.S. district court has authorized IRS to serve “John Doe” summonses to eight entities in the shipping and financial services industries in order to identify the […]

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Medical Device Inventor Sentenced to Prison for Tax Fraud – California Man Hid Millions in Bank Accounts in India and Dubai

Medical Device Inventor Sentenced to Prison for Tax Fraud – California Man Hid Millions in Bank Accounts in India and Dubai

Medical Device Inventor Sentenced to Prison for Tax Fraud – California Man Hid Millions in Bank Accounts in India and Dubai, as reported by the DOJ. Ashvin Desai, of San Jose, California, was sentenced yesterday to serve six months in prison and six months and one day of home confinement for concealing more than $8 […]

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Mizrahi Bank Client Pleads Guilty to Filing False Tax Return

Mizrahi Bank Client Pleads Guilty to Filing False Tax Return

Mizrahi Bank Client Pleads Guilty to Filing False Tax Return – Beverly Hills Resident the Latest in Series of Defendants Charged with Concealing Accounts at Israeli Bank, as reported by the DOJ. Monajem Hakimijoo, also known as Manny Hakimi, of Beverly Hills, Calif., pleaded guilty on Feb. 13, 2014, in the U.S. District Court for […]

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Portola Valley, Calif., Man Sentenced to Prison for Failure to Report Foreign Bank Accounts Held at UBS

Portola Valley, Calif., Man Sentenced to Prison for Failure to Report Foreign Bank Accounts Held at UBS

Portola Valley, Calif., Man Sentenced to Prison for Failure to Report Foreign Bank Accounts Held at UBS, as reported by the DOJ. Christopher B. Berg of Portola Valley, Calif., was sentenced yesterday to one year and one day in prison to be followed by three years supervised release, announced Assistant Attorney General for the Tax […]

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U.S. charges Swiss asset manager in offshore tax fraud case

U.S. charges Swiss asset manager in offshore tax fraud case

NEW YORK (Reuters) – U.S. prosecutors on Thursday announced they indicted Peter Amrein, a Swiss asset manager, on charges that he assisted U.S. taxpayers in evading millions in taxes by hiding money in offshore trusts at multiple Swiss banks. A copy of the sealed indictment is here. Prosecutors accuse Amrein, who worked at an unidentified […]

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2014: Court of Appeals for Seventh Circuit finds no relief for taxpayer’s criminal liability in Offshore Voluntary Disclosure Program

2014: Court of Appeals for Seventh Circuit finds no relief for taxpayer’s criminal liability in Offshore Voluntary Disclosure Program

The Seventh Circuit Court of Appeals in Simon v. U.S., (7th Cir. August 15, 2013), 112 AFTR 2d ¶2013-5205, has rejected arguments made based on the Offshore Voluntary Disclosure Program (OVDP) by a taxpayer who was convicted of filing false income tax returns, failing to file Report of Foreign Bank and Foreign Accounts (FBARs), mail […]

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Florida Doctor Convicted of Federal Tax Crimes

Florida Doctor Convicted of Federal Tax Crimes

As announced by the DOJ Press Release, Florida Doctor Convicted of Federal Tax Crimes, Dr. Patricia Lynn Hough, of Englewood, Fla., was convicted by a jury in Fort Myers, Fla., of conspiring to defraud the Internal Revenue Service (IRS) by concealing millions of dollars in assets and income in offshore bank accounts at UBS and […]

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Additional Charges Brought Against Tax Return Preparers Previously Charged With Helping Clients Hide Millions In Offshore Israeli Banks

Additional Charges Brought Against Tax Return Preparers Previously Charged With Helping Clients Hide Millions In Offshore Israeli Banks

As reported in the DOJ Press Release, Additional Charges Brought Against Tax Return Preparers Previously Charged With Helping Clients Hide Millions In Offshore Israeli Banks, David Kalai and Nadav Kalai face additional charges after a federal grand jury in the Central District of California returned a second superseding indictment. The superseding indictment charged each with […]

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California Businessman Pleads Guilty to Conspiracy to Conceal Israeli Bank Accounts

California Businessman Pleads Guilty to Conspiracy to Conceal Israeli Bank Accounts

According to the DOJ Press Release, Aaron Cohen, of Encino, Calif., is the latest in a series of defendants charged with conspiring with bankers to hide secret Israeli bank accounts.  Mr. Cohen pleaded guilty in the U.S. District Court for the Central District of California to conspiracy to defraud the United States, the Justice Department […]

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Court of Appeals for Seventh Circuit finds no relief for taxpayer’s criminal liability in Offshore Voluntary Disclosure Program

Court of Appeals for Seventh Circuit finds no relief for taxpayer’s criminal liability in Offshore Voluntary Disclosure Program

The Seventh Circuit Court of Appeals in Simon v. U.S., (7th Cir. August 15, 2013), 112 AFTR 2d ¶2013-5205, has rejected arguments made based on the Offshore Voluntary Disclosure Program (OVDP) by a taxpayer who was convicted of filing false income tax returns, failing to file Report of Foreign Bank and Foreign Accounts (FBARs), mail […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney