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Day: April 17, 2011

IRS examines jewelry, precious stones and metals businesses for compliance

17 April, 2011

The IRS is conducting Anti-Money Laundering examinations (similar to tax audits) of jewelry, precious stones (including colored gems, diamonds, etc.), and precious metals businesses. The IRS is now in charge of compliance with the Anti-Money

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HSBC Client Pleads Guilty to Conspiring to Hide Indian Accounts From IRS

17 April, 2011

An Indian-American businessman on Tuesday pleaded guilty to conspiring to defraud US tax authorities by hiding his bank accounts in HSBC India, a case which has led the IRS to probe NRIs holding accounts in

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