{"id":209,"date":"2009-04-17T11:12:34","date_gmt":"2009-04-17T11:12:34","guid":{"rendered":"http:\/\/www.whistleblowerlawyerblog.com\/2009\/04\/tax_evasion_using_offshore_acc.html"},"modified":"2021-06-11T17:49:25","modified_gmt":"2021-06-11T21:49:25","slug":"tax_evasion_using_offshore_acc","status":"publish","type":"post","link":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/tax_evasion_using_offshore_acc\/","title":{"rendered":"Tax Evasion Using Offshore Accounts Establishes Fraud, As IRS Prevails Against Statute of Limitations Argument"},"content":{"rendered":"

A frequent question in our IRS Whistleblower cases <\/a>is how IRS Whistleblower claims are affected by the statute of limitations. In long-running violations of the tax laws, that question can determine how much of past tax liability the IRS may be able to recover. <\/p>\n

Yesterday, the Tax Court issued a decision that illustrates what happens when the taxpayer has engaged in fraud. (Joseph B. Williams III v. Commissioner<\/em>, 2009 TNT 72-11). Because the court found that fraud was established by the taxpayer’s plea to tax evasion, the court ruled that the IRS could recover for liability dating back to 1993-2000, more than six years before the IRS’ notice of deficiency to the taxpayer.<\/p>\n

The taxpayer in question, Joseph Bryan Williams, III, was an oil trader for Mobil Oil. In 1993, the taxpayer opened two Swiss bank accounts in the name of a British Virgin Islands corporation. From 1993-2000, the taxpayer had more than $7 million in deposits in these Swiss accounts, which earned more than $800,000 in interest. None of the income was included on the taxpayer’s U.S. tax returns over that eight-year period, the last of which was filed in 2001.<\/p>\n

Continue reading \u2192<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A frequent question in our IRS Whistleblower cases is how IRS Whistleblower claims are affected by the statute of limitations. In long-running violations of the tax laws, that question can determine how much of past tax liability the IRS may be able to recover. Yesterday, the Tax Court issued a decision that illustrates what happens […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-209","post","type-post","status-publish","format-standard","hentry","category-irs-whistleblower-program-for-tax-whistleblowers"],"yoast_head":"\nTax Evasion Using Offshore Accounts Establishes Fraud, As IRS Prevails Against Statute of Limitations Argument — Whistleblower Lawyer Blog — April 17, 2009<\/title>\n<meta name=\"description\" content=\"A frequent question in our IRS Whistleblower cases is how IRS Whistleblower claims are affected by the statute of limitations. 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