The new tax law changed the deductibility of settlements with government agencies in some circumstances thereby increasing the cost to companies to settle these cases. The deduction arose from the section in the Internal...more
2/19/2018
/ Department of Justice (DOJ) ,
False Claims Act (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Fines ,
Internal Revenue Code (IRC) ,
IRS ,
Reporting Requirements ,
Section 162(f) ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Tax Cuts and Jobs Act ,
Tax Deductions
Americans with secret accounts in Belize should take notice: the government is looking for you. The U.S. Department of Justice on September 15 filed a petition in federal court in Miami seeking permission to issue summonses...more
9/18/2015
/ Bank of America ,
Bank Secrecy Act ,
Citibank ,
Civil Monetary Penalty ,
Criminal Penalties ,
Department of Justice (DOJ) ,
FBAR ,
Fines ,
Foreign Bank Accounts ,
IRS ,
John Doe Investigation ,
Offshore Banks ,
Summons