On December 23, 2024, the U.S. District Court for the Southern District of New York authorized the IRS to issue “John Doe” summonses targeting individuals who may have used the services of Trident Trust Group (“Trident”) or related entities to conceal foreign assets or income. This order marks the continued efforts in the IRS’s campaign to uncover offshore tax evasion and demonstrates its aggressive push to enforce compliance by U.S. taxpayers who used foreign accounts and entities to hide income.
For more information, please contact Steven Toscher at toscher@taxlitigator.com
For more information, please contact Michel Stein at stein@taxlitigator.com
For more information, please contact Robert Horwitz at horwitz@taxlitigator.com
For more information, please contact Philipp Behrendt at behrendt@taxlitigator.com
TAXLITIGATOR - Tax Controversy (Civil & Criminal) Report 
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