Tax Law Blog

A bankruptcy filing under Chapter 7 of the US Bankruptcy Code could help you wind down your business and discharge certain types of unmanageable debt.

In July 2020, the Chief of IRS Criminal Investigation (CI) announced the end of his longtime tenure at the Internal Revenue Service (IRS). Current CI deputy chief James Lee has become the new Chief of CI.

The IRS CI Annual Report for 2020 has been released. The Annual Report always offers an interesting inside look at the work of special agents who focus entirely on criminal tax matters in the U.S.

While it sounds counter-intuitive, bankruptcy can save your business.

Not likely but true—the National Rifle Association (NRA) reported the tax fraud of its own executive board.

Analysis from across the board finds that defunding the Internal Revenue Service (IRS) impacts compliance. In turn, tax fraud increases and the tax gap does, too. Do you care?

If your business is struggling with overwhelming debt, options are needed. Different options apply in different circumstances. For some, an offer in compromise (OIC) could have value.

It was an interesting scheme but will ultimately cost a New Jersey man six years of his life behind bars.

For businesses faced with tough economic conditions and mounting debt, bankruptcy may be an option.

Tax evasion and opaque offshore tax havens are well known for the economic wreckage that results when countries cannot collect legitimate taxes due. A new report pegs the global tax gap at $427 billion.