Disgraced Dentist Pleads Guilty to Tax Evasion
Dentists, doctors, lawyers, and accountants are generally professions that the general public looks to as well-regulated and respectable professionals. We often trust these individuals with our...
View ArticleWashington, D.C. Tax Preparer Sentenced to Federal Prison
The word “thief” is commonly applied to many individuals including those who rob banks, burglars, and purse-snatchers. But the term is generally not associated with tax preparers. In fact, most tax...
View ArticleNifty Fifty’s Accountant Sentenced for Role in Tax Fraud Scheme
In a criminal tax matter apparently stretching all the way back to 1986, the accountant for Nifty Fifty restaurants pleaded guilty to criminal tax and other charges in January 2015. The charges...
View ArticleOffer In Compromise Program Helps Taxpayers
Taxpayers in the United States typically cringe at the idea of owing the government money that is above and beyond what is withheld throughout the year. Although most Americans grin and bear it while...
View ArticleCredit Suisse Hearing Pressures Congress To Ratify The 2009 U.S.-Switzerland...
Last week, the Senate Permanent Subcommittee on Investigations held a hearing with key members of Credit Suisse, the second largest Swiss bank, and the Department of Justice (DOJ) regarding the...
View ArticleA Word on Statute of Limitations for Basis Overstatement
This blog entry concerns United States v. Home Concrete, 2012 U.S. LEXIS 3274 (2012), a recent Supreme Court case, which held that one’s basis overstatement is not an omission of income for which the...
View Article419 Plans: Employers and Promoters Face Serious Problems with the IRS
Date: 03/07/12 Topic: Audit Representation The bottom line. If you’re the owner of a small business with a “419 plan” for your employees, you may be in serious trouble with the IRS, either now or in...
View ArticleLatest IRS Data Book Details Extent of Audit Activity
People who face the challenge of a pending IRS audit turn to tax attorneys not only for advice and representation, but also for immediate peace of mind. Questions about audits, IRS timelines and...
View ArticleTips for Avoiding an IRS Tax Audit
With more and more resources being devoted to tax enforcement in recent years, American taxpayers are being audited with an unusual frequency. Follow these tips to avoid some common missteps that...
View ArticleOnline Poker Players With Over $10,000 in Accounts Must File FBAR
When most taxpayers and tax professionals think about the Foreign Account Tax Compliance Act or the Bank Secrecy Act, they think of bank accounts that Americans may be using to shelter funds from U.S....
View ArticleControlled Foreign Corporations Is a New IRS Audit Target
Organization or Maintenance of Multiple Controlled Foreign Corporations (CFC) Is a New IRS Audit Target & Red Flag Taxpayers are typically seeking means that they can use to minimize the amount...
View ArticleThree New Countries Accepted Into IRS Automatic Exchange Program: Yet Another...
The United States has come a long way from its past practice of being an isolationist nation, throughout most of the 19th century. With the globalization of trade and the ability to move freely about...
View ArticleBusiness Owner Pleads Guilty to Tax Evasiondue to Paying Workers Under the Table
Some business owners mistakenly view paying workers under the table as a win-win proposition for all involved parties. They justify taking this action by stating that the employee receives “tax-free”...
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TIGTA Reports on IRS OVDP Mistakes Means Tougher Enforcement Is Likely to Follow
The post TIGTA Reports on IRS OVDP Mistakes Means Tougher Enforcement Is Likely to Follow appeared first on . The Offshore Voluntary Disclosure Program (OVDP) and Streamlined Disclosure Program are two...
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Think you’re in the Clear for a Tax Audit? In an Increasing Number of...
The post Think you’re in the Clear for a Tax Audit? In an Increasing Number of Situations, the IRS and California FTB Can Assess New Tax Liabilities Indefinitely appeared first on Tax Attorney....
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IRS Voluntary Offshore Disclosure Efforts Have Brought in Nearly $10 Billion...
The post IRS Voluntary Offshore Disclosure Efforts Have Brought in Nearly $10 Billion in Tax Revenues appeared first on Tax Attorney. Since the “Great Recession,” Congress has been particularly...
View ArticleFacing a Tax Audit for Offshore Tax Issues? Special Rules Apply for Foreign...
The post Facing a Tax Audit for Offshore Tax Issues? Special Rules Apply for Foreign Document Requests appeared first on Tax Attorney. If you are facing a tax audit or other enforcement proceeding...
View ArticleDo Wealthy People Have Easier IRS Audits?
The post Do Wealthy People Have Easier IRS Audits? appeared first on Tax Attorney. The power of the IRS is far-reaching and as technology opens new avenues for the wealthy and adventurous to explore,...
View ArticleInsufficient Records combined with related Tax Oversights Are All the IRS...
The post Insufficient Records combined with related Tax Oversights Are All the IRS Needs to Burn a Taxpayer appeared first on Tax Attorney. Taxpayers frequently have a sense that small details on their...
View ArticleIRS Warns About Abusive Micro-Captive Insurance Tax Shelters in Lead-up to...
The post IRS Warns About Abusive Micro-Captive Insurance Tax Shelters in Lead-up to Tax Day appeared first on Tax Attorney. While the IRS is most commonly thought about as a tax enforcement agency, it...
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