Source: https://www.thetaxtimes.com/2013/11/
Timestamp: 2020-07-08 02:25:52
Document Index: 518716995

Matched Legal Cases: ['§7206', '§7206', '§ 1101', '§ 1101', '§ 7201', '§ 1101']

The Tax Times: November 2013
Posted by Ronald A. Marini, Esq. at 12:26 PM No comments:
We previously posted "FATCA: Updates for Hong Kong, Philippines, New Zealand and Singapore"
where we discussed FATCA Updates for Asia and Singapore's media release last May 14th, where it indicated its intent to enter into an intergovernmental agreement (IGA) with the U.S.
The US is coming close to sealing a Foreign Account Tax Compliance Act (FATCA) deal with Singapore following a meeting with the country's Deputy Prime Minister Tharman Shanmugaratnam. The bilateral discussions for the inter-governmental agreement are reported to be moving forward smoothly.
Have Unreported Asian Bank Income?
today released its annual report featuring recommendations on a wide range of tax administration matters.
or Toll Free at 888-8TaxAid (888 882-9243 begin_of_the_skype_highlighting 888 882-9243 FREE end_of_the_skype_highlighting)
Posted by Ronald A. Marini, Esq. at 2:10 PM No comments:
Petitioners Akio and Fusako Kawashima (“the Kawashimas”) are Japanese natives and citizens, but have been lawful permanent residents of the United States since 1984. The Kawashimas established a successful restaurant in California, owned by Nihon Seibutsu Kagaku Center, Inc., a corporation in which Mr. Akio Kawashima owns shares. In 1992, Mr. Kawashima signed the 1991 corporate tax return for Nihon Seibutsu Kagaku Center, Inc. In 1997, because of that signature, Mr. Kawashima pled guilty to “subscribing to a false statement on a tax return,” a violation of IRC §7206(1), and stipulated that the total actual tax loss was $245,126. At the same time, Mrs. Fusako Kawashima pled guilty to “aiding and assisting in the preparation of a false tax return,” a violation of IRC §7206(2).
He made his deal with the IRS and paid substantial penalties for his transgressions.
Then four years later, the Immigration and Naturalization Service (“INS”) informed the Kawashimas that their convictions constituted aggravated felonies under 8 U.S.C. § 1101(a)(43)(M)(i). Pursuant to this determination, the couple could be subject to deportation as a crime that is considered aggravated felonies. Subsection (M)(i) of this statutory definition of aggravated felony does not list specific crimes, but rather encompasses any crime involving fraud or deceit where the victim’s loss is greater than $10,000. See 8 U.S.C. § 1101(a)(43)(M)(i). Subsection (M)(ii), however, specifies that tax evasion (26 U.S.C. § 7201) is an aggravated felony. See 8 U.S.C. § 1101(a)(43)(M)(ii).
Posted by Ronald A. Marini, Esq. at 3:57 PM No comments:
Posted by Ronald A. Marini, Esq. at 3:26 PM No comments: