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Paradise Papers Serve as a Reminder to U.S. Citizens and Residents Regarding Offshore Tax Compliance

On November 5, 2017, the German newspaper Süddeutsche Zeitung, along with the International Consortium of Investigative Journalists (ICIJ), announced the newest set of leaked documents containing the names of more than 120,000 people and companies.  Referred to by the ICIJ as the Paradise Papers, the leak contains 13.4 million confidential...
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IRS Announces Rollout Large Business and International Compliance Campaigns

On November 3, 2017, the IRS announced the roll out of 11 Large Business and International Compliance Campaigns (LB&I).  (See https://www.irs.gov/businesses/large-business-and-international-launches-compliance-campaigns-0).  LB&I had announced on Jan. 31, 2017, the roll out of its first 13 campaigns to be implemented.  (See https://www.irs.gov/businesses/large-business-and-international-launches-compliance-campaigns) According to the IRS, LB&I continues to move toward...
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