Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: California Jury Aquits Banker of Conspiracy to Def...

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Wilson Tax Law Group - The Newport Beach Tax Attorney Blog: California Jury Aquits Banker of Conspiracy to Def...: On Halloween day, after just four hours of deliberation, a retired senior vice president at Israeli-based Mizrahi Tefahot Bank Ltd . (MZTF) ...

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Taxpayer Prevails against the Franchise Tax Board after Ex-Spouse Attempts to Destroy her Tax Relief Case

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Just like the IRS, the California Franchise Tax Board (FTB) also has a program to allow one spouse to be relieved of existing joint liabilities if that spouse can prove that she or he meets the requirements for "innocent spouse" relief. These types of cases whether at the IRS or FTB level can be hotly contested and the other ex-spouse can intervene and attempt to impede the determination to relieve the liability for the claimant spouse. In a recent case, McShea, California State Board of Equalization, No. 509192, April 22, 2014, released August 2014, a taxpayer demonstrated that the FTB erred in its denial of her request for innocent spouse relief from unpaid California personal income tax liabilities.

In the McShea case, the FTB initially granted the taxpayer complete equitable relief for 1993 and partial equitable relief for 1994. However, the taxpayer’s ex-husband appealed the grant of relief, arguing that they had agreed to share the tax liabilities for the tax years…
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Wilson Tax Law Receives Global Award as Federal Tax Law Firm of the Year in the USA

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For Immediate Release September 26th 2016 Finance Monthly 2016 Global Awards
Finance Monthly Magazine has selected the Wilson Tax Law Group, APLC as the Federal Tax Law Firm of Year in the USA for 2016 in its Global Awards edition that has now been published.
Every year Finance Monthly Global Awards celebrate the success of financial organisations and advisers worldwide who have performed in the highest level possible.
When tasked with identifying the most successful organizations and advisers from around the globe in order to produce this special awards edition, Finance Monthly’s research team has through careful consideration worked hard to assess nomination entries, and conduct extensive research involving clients and peers. As a final result we are excited to present you a publication which contains some of the most successful and trusted firms operating in the dynamic financial sector, which will undoubtedly continue to experience growth through their commitment to excellence in 2016 …
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California Jury Aquits Banker of Conspiracy to Defraud Using Offshore Bank Accounts

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On Halloween day, after just four hours of deliberation, a retired senior vice president at Israeli-based Mizrahi Tefahot Bank Ltd. (MZTF) was acquitted in Los Angeles federal court on charges he helped U.S. customers conceal their assets from the Internal Revenue Service.  

Shokrollah Baravarian, 82, was acquitted of charges of conspiring to defraud the U.S. and helping Mizrahi clients prepare false tax returns. Prosecutors claimed Baravarian helped clients who opened accounts in Israel, didn’t declare them to the IRS and accessed money through loans from the Los Angeles branch.  The jury was not persuaded.  

The U.S. has been campaigning heavily to curtail offshore tax evasion. The IRS, through the US Department of Justice, has charged more than 70 taxpayers and three dozen offshore bankers, lawyers and advisers in offshore tax evasions schemes.  More than 45,000 Americans have avoided criminal prosecution by voluntarily disclosing their offshore accounts to the IRS, paying $6.5 bil…
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