Jim Mastracchio is a seasoned advocate who leads BakerHostetler's Criminal Tax Defense team, co-leads the national Tax Controversy and Litigation team, and is the Tax Group Coordinator for the firm's Washington, D.C., office. Recognized for his experience in defending civil and criminal tax investigations involving off-shore banking, Jim is routinely engaged by regulated financial institutions located within and outside of the United States. On an international scale, he currently serves as Independent Examiner for a major Swiss bank participating in the Switzerland Settlement Program, is defending a foreign financial institution facing criminal tax prosecution for its association with U.S. account holders, and is counsel to a number of financial institutions implementing FATCA in the jurisdictions of Jamaica, Barbados, Trinidad and Tobago, Cayman Islands, and the Isle of Man, among others. In the United States, Jim has represented more than 275 U.S. individuals participating in the IRS' Offshore Voluntary Disclosure Program. This work routinely involves income tax and informational reporting obligations associated with trusts, foundations, international business companies, pension plans, insurance products and other financial arrangements. He also represents U.S. persons facing civil and criminal tax investigation involving tax promoter investigations, monetary structuring, tax fraud, and evasion.
Jim practices before the IRS, the IRS Office of Appeals, federal courts, the IRS-Criminal Investigation Division, the Tax Division of the Department of Justice, and before the U.S. Attorney’s Offices nationwide. Drawing on his depth of experience, Jim is a prolific writer and speaker on tax-related matters. He is the author of "Best Practices for Managing Tax Investigations," Inside the Minds: Common Issues in White Collar Law, Thomson West Publishing (2007). He is widely quoted in the national media, appearing more than 100 times in the past three years, including CNN, USA Today, The New York Times, The Wall Street Journal, The Washington Post, Bloomberg, MarketWatch, ABC, NBC, and CBS online affiliates, BNA, Tax Analysts, CCH, and numerous other business and tax publications. Jim is a frequent speaker and panelist on civil and criminal tax matters.