Labuan FSA: Business Restrictions (January 17, 2023)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 11 "Labuan Licensed Entities".
IRS v. Taylor Lohmeyer Law Firm PLLC: Petition for ‘John Doe’ Summons
Ex Parte Petition for Leave to Serve 'John Doe' Summons regarding an investigation into suspected tax evasion involving, inter alia, "offshore entities in the Isle of Man and British Virgin Islands" in IRS v. Taylor Lohmeyer Law Firm PLLC, described as a firm that "specializes in estate planning, tax law, and international tax law" that "has played a key role in helping individuals operate offshore", at the U. S. District Court for the Western District of Texas.
Capital Caribbean International, LLC v. IRS: Motion for Return of Property
Motion by Marvin Pognon, Kertch Conze, and Jean Cothel Pognon for Return of Property seized by the IRS from Capital Caribbean International, LLC, filed at the U. S. District Court for the Southern District of Florida.
Catherine Schoop v. IRS: Motion to Quash IRS Petition
Motion to Quash IRS Petition in Catherine Schoop v. IRS at the U. S. District Court for the Northern District of California.
IRS v. Wells Fargo Bank: Order
Order in IRS Petition for Leave to Serve John Doe Summons on Wells Fargo Bank regarding clients of CIBC FirstCaribbean International Bank Limited at the U. S. District Court for the Northern District of California.
IRS v. Wells Fargo Bank: Petition to Serve ‘John Doe’ Summons
IRS Petition for Leave to Serve 'John Doe' Summons on Wells Fargo Bank regarding clients of CIBC FirstCaribbean International Bank Limited, filed at the U. S. District Court for the Northern District of California.
Kelly Knight v. IRS: Petition to Quash IRS Summons
Petition to Quash IRS Summons in Kelly Barnhill Knight v. IRS at the U. S. District Court for the Western District of Texas.
Net Promotion, Inc. v. USA: Petition to Quash IRS Summons
Petition to Quash IRS Summons in Net Promotion, Inc. v. USA regarding the potential French income tax liability of Stefano Brozzoni.
Edwin Song et al v IRS et al: Petition to Quash Summons
Petition to Quash Summons in Edwin Song and Thu L v. IRS, IRS Commissioner, Stephen McCarrick, American Honda Finance Corporation, and AMEX at the U. S. District Court for the Eastern District of Pennsylvania.
IRS can have client-records of late offshore promoter Arnold Goldstein, rules judge
A federal judge in West Palm Beach, Florida has granted an IRS petition to enforce a summons seeking information about clients of now deceased offshore promoter Arnold Goldstein, who once recommended that his clients use now imprisoned fraudster and money
IRS seeks client-records of offshore promoter Arnold S. Goldstein (deceased)
Florida based offshore promoter Arnold S. Goldstein - who once funneled business to now imprisoned fraudster and money launderer Marc Harris was battling an attempt by the Internal Revenue Service to obtain information about his clients when he died on
US taxpayer fined $5,000 per day for non-production of offshore trust records
A United States court has imposed a $5,000 fine on a taxpayer for every day that he fails to turn over records of his Bahamas trust to the IRS.If John F. Eulich, of Dallas, Texas, has not produced them by September 15, 2004 - 30 days after the start of the penalties - the fine will be increased to $10,000 per day.
Belize and Grenada targeted in new IRS action
A Florida-based firm with client-banks in Belize and Grenada has been targeted in the latest court action in the United States as part of an IRS investigation into tax evasion using offshore structures.An order granting an IRS petition to serve a "John Doe" summons on TecniCard Inc., of Coral Way, Miami, was granted by the U. S. District Court for the Southern District of Florida on August 5, 2004.
IRS receives permission to serve subpoena on First Data Corp.
The world's largest processor of credit card payments has been ordered by a United States court to assist the IRS in its investigation into tax evasion using offshore accounts.First Data Corp. must turn over information about transactions by holders of American Express, Visa and MasterCard credit cards that were issued by or on behalf of certain offshore financial institutions.
UPS and Overseas Partners celebrate tax court decision
A US appeals court has overturned a 1999 decision that a reinsurance program operated by UPS and Bermuda-based Overseas Partners Ltd. amounted to tax evasion.The Eleventh Circuit Court of Appeals said the reinsurance program, which covered extra package insurance for UPS clients, was not a "sham transaction", as determined by the IRS and Tax Court.