Tax fraud

Bait, switch and threaten; power corrupts; Herbal remedy; and other highlights of recent tax cases.

Private wealth clients, hedge fund managers and cryptocurrency traders fleeing to Puerto Rico for its huge tax breaks — and to escape President Joe Biden’s proposed capital gains tax increases — are now the focus of a sweeping Internal Revenue Service review.

The Biden administration has proposed requiring the collection of data on foreign cryptocurrency investors active in the U.S., aiming to bolster international cooperation to help in a broader crackdown on tax evasion.

A crook named Kusok; more holes than a Swiss cheese; anti-social media; and other highlights of recent tax cases.

The senator is proposing to nearly triple the IRS’s budget to help identify wealthy individuals who are evading taxes.

The U.S. Treasury Department estimated that wealthy taxpayers as a group are hiding billions of dollars of income, a conclusion that aims to bolster the Biden administration’s call for Congress to approve expanded IRS funding and broad new financial-transaction reporting requirements.

The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.

Expensive expenses; just a suggestion; examination concluded; and other highlights of recent tax cases.

Regulating preparers, modernizing old tech and beefing up cryptocurrency reporting would yield $700 billion, according to a new report.

The ARP and local aid; advocating for higher taxes; a question of dependency; and other highlights from our favorite tax bloggers.