http://netvouz.com/lillymark/tag/ovdi?feed=rss lillymark's bookmarks tagged "ovdi" on Netvouz http://www.mytaxfiler.com/blog/beanie-babies-creator-gets-probation-for-tax-evasion/ The billionaire creator of Beanie Babies, Ty Warner, will serve two years of probation, including mentoring high school students, following his guilty plea on a tax evasion charge, but no jail time, a federal judge ruled on Tuesday. - See more at: http://www.mytaxfiler.com/blog/beanie-babies-creator-gets-probation-for-tax-evasion/#sthash.vgHZPjeu.dpuf lillymark Tue, 11 Mar 2014 05:41:50 GMT http://www.mytaxfiler.com/blog/beanie-babies-founder-ty-warner-to-pay-53m-for-offshore-tax-evasion/ H. Ty Warner, age 69, created Beanie Babies and spawned a generation of collectors. He created wealth for himself and others, since some of the plush stuffed animals became collector’s items worth thousands. But he did some of it in secret Swiss accounts and the IRS now stands to collect a $53 million fine. Charged with tax evasion, Mr. Warner has already said he’ll plead guilty. See DOJ Press Release. - See more at: http://www.mytaxfiler.com/blog/beanie-babies-founder-ty-warner-to-pay-53m-for-offshore-tax-evasion/#sthash.PJ8PteKM.dpuf lillymark Wed, 13 Nov 2013 10:23:32 GMT http://www.mytaxfiler.com/blog/beware-global-irs-reach-and-very-long-memory/ Does the IRS forgive or forget? Rarely, and when it comes to offshore accounts, even more seldom. - See more at: http://www.mytaxfiler.com/blog/beware-global-irs-reach-and-very-long-memory/#sthash.IPNWRtw4.dpuf lillymark Thu, 13 Feb 2014 04:23:21 GMT http://www.mytaxfiler.com/blog/connecticut-man-who-used-offshore-accounts-sentenced-to-prison-for-tax-evasion-and-conspiracy/ John Cote, formerly of Danielson, Connecticut, was sentenced today to serve 46 months in prison by U.S. District Judge Vanessa Bryant. lillymark Wed, 09 Jul 2014 02:46:15 GMT http://www.mytaxfiler.com/blog/fatca-blues-opt-out-of-irs-offshore-program/ Anyone with undisclosed foreign accounts or income should get some advice and consider how to address the problem. lillymark Fri, 04 Jul 2014 17:42:17 GMT http://www.mytaxfiler.com/blog/fatcas-bleak-choices-for-accounts-income-disclosure/ Is any offshore income, account or trust still secret? The only safe assumption is no. And contrary to public opinion, it is not merely a prospective problem. Many equate the question solely to FATCA, the pervasive U.S. law enacted in 2010 that is now unfurling to impact global banks and depositors in 2014. lillymark Fri, 07 Feb 2014 11:30:29 GMT http://www.mytaxfiler.com/blog/hsbc-india-client-indicted-for-tax-evasion-and-failing-to-report-foreign-bank-account/ A federal grand jury in San Jose, Calif., Wednesday indicted Ashvin Desai of San Jose on three counts of tax evasion, two counts of willfully aiding the preparation of materially false tax returns and three counts of failing to file Reports of Foreign Bank and Financial Accounts (FBARs), the Justice Department and Internal Revenue Service (IRS) announced. lillymark Thu, 26 Jul 2012 11:34:09 GMT http://www.mytaxfiler.com/blog/irs-nets-offshore-data-from-77000-banks-70-countries-in-fatca-push/ An astounding 77,000 banks and financial institutions ? even some in Russia?have registered under FATCA - the Foreign Account Tax Compliance Act. lillymark Wed, 09 Jul 2014 02:14:51 GMT http://www.mytaxfiler.com/blog/irs-not-fully-ready-for-law-against-offshore-tax-evasion-watchdog/ The Internal Revenue Service has spent 19 months and more than $8.6 million getting ready to enforce a new law against offshore tax evasion that takes effect next year, but the agency is still not prepared, a watchdog group said on Thursday. - See more at: http://www.mytaxfiler.com/blog/irs-not-fully-ready-for-law-against-offshore-tax-evasion-watchdog/#sthash.RDB7AMlS.dpuf lillymark Fri, 28 Feb 2014 07:07:40 GMT http://www.mytaxfiler.com/blog/irs-penalties-can-feel-cruel-but-are-they-ever-unconstitutional/ If you have ever forked over additional taxes, interest and penalties to the IRS, you may have uttered a few choice words. lillymark Fri, 04 Jul 2014 17:54:45 GMT