Tax Law Blog

A recent study from the National Bureau of Economic Research (NBER) underscores the impact of the 2017 Tax Cuts and Jobs Act (TCJA) on effective tax rates for high-asset individuals, with some provisions reportedly extended earlier this year.

The Internal Revenue Service (IRS) Security Summit occurred again this year, providing updates, tips, and regulatory reminders to tax professionals and other attendees.

Black, grey, non-cooperative? What is the difference in how an offshore tax jurisdiction is identified in the international tax community?

In an effort to increase the resilience of banking giant UBS, the Swiss finance minister laid out stringent new safeguards that may limit the global reach of the company.

The longtime effort to develop a global minimum tax rate hit a big snag when U.S. legislators recently proposed a “revenge tax” on investors from countries that apply such a tax to U.S. companies.

Following an IRS Criminal Investigation (IRS-CI) case, a Seattle business owner facing allegations of filing false tax returns and tax evasion decided to go to trial — and lost.

Think of an IRS tax transcript as your tax return’s “cheat sheet.” It’s not the full return, but a summary that lenders, auditors, or even investigators may look at when making decisions about you. Knowing what’s in it—and how to use it—can make...

If you own a luxe fashion store and have a regular customer who drops a lot of cash in your store, that is a good thing, right? Apparently not for Louis Vuitton Netherlands.

A recent study takes a fascinating look at what drives high-asset individuals to invest in offshore accounts.

If you have engaged in tax evasion or other willful noncompliance, the IRS Criminal Investigation Voluntary Disclosure Practice (IRS-CI VDP) may provide a narrow window to mitigate the consequences. The program offers taxpayers an opportunity to...