Who Are The Likely Targets of the Offfshore Law Firm Data Leak?
By Sanford Millar of MillarLaw A Professional Corporation On Tuesday, April 5, 2016
The reports of a massive leak of confidential client information from files of the Mossack Fonseca & Co., law firm could have far ranging effects from intelligence, law enforcemnet and commercial perspectives. The intersting thing about this data leak, is that it appears not to be Internet based, but rather the result of actions taken … Continue reading Who Are The Likely Targets of the Offfshore Law Firm Data Leak?
IRS-State Information Sharing Agreements
By Sanford Millar of MillarLaw A Professional Corporation On Sunday, August 2, 2015
The IRS published a list of Information Exchange agreements it has with state agencies, a copy of which is available here IRS State Information Exchange Table.pdf The disclosure of this list may help taxpayer’s and practitioner’s determine when and possibly whether to file late or amended state or municipal returns. Example 1: Assume a taxpayer … Continue reading IRS-State Information Sharing Agreements
Domestic Voluntry Discloure as an Alternative to Indictment
By Sanford Millar of MillarLaw A Professional Corporation On Monday, June 8, 2015
The United States Attorney for the Southern District of New York announced that the “owner and operator of DNS Construction Corporation, was sentenced today in Manhattan federal court to a term of five years of probation and $883,730.52 in restitution for committing two counts of tax fraud by failing to pay over $800,000 in income … Continue reading Domestic Voluntry Discloure as an Alternative to Indictment