Tax Law Blog

It happens every day: smart, motivated people escape the corporate grind by starting their own businesses. Unfortunately for many of them, their ventures don't turn profits quickly enough. Under pressure to keep their enterprises alive, some will...

Last year, more than a million taxpayers filed a Report of Foreign Bank and Financial Accounts (FBAR). It should be noted that this year's deadline for filing a FBAR comes up on June 30.

A husband and wife duo in West Virginia have been indicted by a federal grand jury with charges of federal employment tax violations.  If convicted, they face a statutory maximum sentence of five years in prison and a maximum fine of $250,000 for...

The calendar confirms the suspicion: Yes, the deadline for filing your federal income tax returns has long passed. The old adage that it is better late than never applies here.

"Sometimes in our lives, we all have pain. We all have sorrow." Those are some of the lyrics from "Lean on Me," a song that has had repeated resurrections since it was first a hit more than 40 years ago. One of the last things anyone with a tax debt...

When the Internal Revenue Service sends you a bill outlining the back taxes you owe, plus interest and penalties, it might seem as if you have no choice but to find a way to pay in full. While it might seem that way, there are circumstances in which...

Muhammad Ali’s upset of Sonny Liston in the heavyweight boxing championship was one of the most memorable sporting events of the 20^th century. After the bout, Ali shouted that he “shook up the world.” He was right.

In recent Justice News, the U.S. Department of Justice has released the following case indictment: "A federal grand jury in the District of Nevada returned a superseding indictment on May 10 charging a Las Vegas woman with two counts of filing false...

It is a fond dream cherished by many: Elimination of the Internal Revenue Service. With a wave of their hands, legislators could make the federal government’s tax-collecting agency disappear. The dream took a step closer to reality when the...

It is not uncommon for businesses struggling to pay their bills to fall behind on their payroll tax payments. Falling behind can create an array of financial and legal problems, however.