Another UBS Depositor Pleads Guilty

Another UBS Depositor Pleads Guilty

Yesterday, Humberto Gomez pled guilty, according to a DOJ Tax press release, here [the link is not yet available; I will post the link when I have it].  

 ...

The tax loss seems low.  The press release says:  "For the years 2006 and 2007, the criminal tax loss associated with the Bullrush account at UBS is approximately $10,478."

...

The tax loss thus must be the tax on the earnings on the UBS account rather than any tax associated with the deposits into the UBS account.  As the press release is worded, that may be an open issue.

...

View Jack Townsend's opinion in its entirety on the Federal Tax Crimes blog site.

For additional insight, explore Tax Crimes, authored by Jack Townsend and available at the LexisNexis® Store.

...

Discover the features and benefits of the LexisNexis® Tax Center.

For quality Tax & Accounting research resources, visit the LexisNexis® Store.

For more information about LexisNexis products and solutions connect with us through our corporate site.