Tax Law Blog

A “card room” is a seemingly quaint term for a place where people mix, mingle, and play cards. One California card room got a fast lesson in financial reporting that resulted in a Consent Order and a $900,000 fine.

If you owe tax to the Internal Revenue Service (IRS) and do not plan to pay right away, the amount you owe could quickly increase with added interest and penalties.

The former senior vice president and general counsel of Moody’s (a financial services company that provides credit ratings, research, and risk analysis) was sentenced to prison for failure to file his tax returns.

Most companies offer basic benefits to their employees. Whether it's health insurance or wellness and retirement programs, business owners have a choice of what they want to provide and how much they want to pay for the perk.

Around and around it goes. A Florida financial advisor rolled the dice on fraudulent tax shelters, filing false income tax returns, and money laundering—and he appears to be heading for a reckoning.

The Internal Revenue Service (IRS) is empowered to collect duly owed taxes from U.S. persons. As most know, the IRS readily applies penalties on taxes that are not paid properly. Taking a deeper look into IRS penalties may help you avoid them in the...

Collection and payment of employment taxes to the U.S. Treasury funds programs like Social Security, Medicare, and federal unemployment. Failure to withhold and turn over payroll taxes can lead to a penalty against those responsible, which can be...

Singer-songwriter Michael Jackson died in 2009, but the battle over his estate lives on within his family and with the Internal Revenue Service (IRS).

Tax debt that is ignored does not go away. Knowing what to do when the Internal Revenue Service (IRS) reaches out about your personal or professional tax liability is important.

The State of Massachusetts recently instituted a tax amnesty program. Ohio had to cancel its plans for a tax amnesty program in 2023 given the state financial outlook. What do these programs offer taxpayers?