This is the second part in our 2023 series examining important trends in white collar law and investigations. Up next: health care enforcement.
The days of decreased IRS enforcement activity may be coming to a close. Although the overall volume of civil audits and criminal investigations has declined in recent years, last year’s Inflation Reduction Act, signed into law by President Biden on August 16,… More
In September 2018, the Internal Revenue Service (IRS) closed its Offshore Voluntary Disclosure Program (OVDP), which had, in various forms and at various times since 2009, provided a mechanism for taxpayers with undisclosed foreign accounts to come clean and avoid criminal liability. While this was a noteworthy development and made the news given how hard the IRS had pushed in the recent past for compliance in this area,… More