Tax Law Blog

It's tax season, and that means there are a lot of documents to prepare. The deadline extension to May 17, 2021, is helpful, but it's still a stressful time. A lot of that stress comes from waiting until the last minute--to start working on it or to...

During tax season, FBAR and FATCA reporting impacts US persons who have foreign bank accounts or offshore tax holdings. So, what does that mean?

Pakistan remains on the grey list of the Financial Action Task Force (FATF). What is the “grey list” and why does it matter?

Coordinated legal action and lender approval helped a North Carolina-based department store exit Chapter 11 bankruptcy in one day.

Tax fraud involving fraudulent tax returns takes down another tax preparer—this time an examiner for the IRS.

You have heard it before. Since it is tax time, you’ll hear it again. Choose your tax preparer wisely.

Reality often bites. The Internal Revenue Service (IRS) drove that point home recently with a top five list of their most prominent prosecutions in 2020.

As most people know, failure to file an income tax return can cause trouble—or you might not get a refund that is owed to you.

Avoid an IRS audit by knowing what you can–and cannot—deduct this year. The Domestic Production Activities Deduction (DPAD) is likely not a good candidate.

As a business owner, it is easy to slip into questionable business practices. When it becomes a slide, it is important to know what can happen—and where to get help.