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Kosher Money Laundering: Gemachim Not To Report Up To $50 Million To IRS

According to Globes, which got hold of a draft circular sent out recently by the Bank of Israel, said draft recommends several ways in which a provident fund (gemach, Gmilut Chessed in Hebrew) can be exempt from reporting to the US tax authorities. Read more

Cop Calls IRS Scammer Back, and The Exchange Goes Viral

Kyle Roder was clearing his voicemail inbox when a message from an unknown number popped up. Read more

Caterpillar Offices Raided In Probe Related To Swiss Unit

Law enforcement officials searched the headquarters of heavy machine manufacturer Caterpillar and two other facilities on Thursday as part of a tax investigation linked to the firm’s Swiss subsidiary in Geneva. Read more

Business Professor Convicted of Tax Fraud, Pays $100M Fine

A University of Rochester emeritus professor has pleaded guilty and will pay a $100 million penalty in a tax fraud case. Read more

NYC Lawyer Charged With Tax Evasion Related To Shelters

A New York lawyer has been criminally charged with failing to report to the Internal Revenue Service more than $3 million of fee income from tax shelter and other transactions he handled at the law firm Herrick Feinstein, where he led the tax practice. Read more

IRS Says Thieves Stole Tax Info From Additional 220,000

A computer breach at the IRS in which thieves stole tax information from thousands of taxpayers is much bigger than the agency originally disclosed. Read more

IRS Hacked: Thieves Stole Info From 100,000 Taxpayers

WASHINGTON — The IRS says thieves used an online service provided by the agency to gain access to information from more than 100,000 taxpayers. Read more