Special Agents of the North Carolina Department of Revenue Criminal Investigation Division announced today that they were dropping their nearly 18 month old investigation of a North Carolina woman suspected of income tax evasion and filing false income tax returns. The taxpayer was represented by Douglas E. Kingsbery of Tharrington Smith, L.L.P.

Criminal Investigators from the North Carolina Department of Revenue informed a North Carolina taxpayer today that they have decided to drop their investigation against her. The investigation, which had lasted nearly two years, centered on alleged false personal and corporate tax returns and tax evasion in multiple states over multiple years. The taxpayer was represented […]

A U.S. taxypayer who failed to disclose her foreign financial accounts to the IRS will not face criminal prosecution, and has avoided any FBAR penalties as well. The taxpayer’s counsel persuaded the IRS that the taxpayer’s failure to disclose the accounts and her failure to pay taxes on the income from the accounts were non-willful, […]

Special Agents from the Criminal Investigation Division of the IRS have notified a North Carolina businessman that they are closing their investigation without referring criminal charges.  The businessman had failed to timely file business and personal income tax returns for several years, and had failed to pay hundreds of thousands of dollars in federal taxes. The […]