Tax Law Blog

After being convicted of filing fraudulent tax returns, Chicago-area attorney Gary J. Stern sat through his two-hour long sentencing hearing. NFL stars like Terrell Owens, Adalius Thomas, Ray Lewis and Plaxico Burress alleged that they were scammed...

For overseas holdings in excess of $10,000, US residents are required to file a Report of Foreign Bank and Financial Accounts (FBAR). One Connecticut man, with over $28 million in overseas accounts, failed to do so and has pleaded guilty to the...

In June of this year, we shared the story of a Las Vegas strip club owner who was awaiting sentencing for his crimes. The former owner of Crazy Horse Too had his fate finally decided last week by a US District Chief Judge.

Two Ohio state representatives are seeking to eliminate the so-called “marriage penalty tax.” They have introduced a new bill for this purpose. The bill is led by Republican John Becker and Democrat David Leland. If passed, this bill would give...

Federal law enforcement authorities have increasingly intensified their focus on corporate misfeasance and white collar crime involving large companies. This focus has raised the stakes for directors and officers of businesses of various sizes...

An attempt to hide assets from the Internal Revenue Service (IRS) can come with serious consequences. A case involving a businessman and his accountant provides an example. The two are facing charges for concealing income in an attempt to obstruct...

The Internal Revenue Service (IRS) does not take the requirement that taxpayers actually stay in compliance with tax laws lightly. This was recently highlighted in a case involving a hospital that lost its charitable status. This translated to a...

Friends and family may not be the only ones browsing your Facebook, Twitter and Instagram accounts. A recent publication notes that the Internal Revenue Service (IRS) is also keeping tabs on these accounts.

University of Iowa is in hot water. Due to a technical error, the educational institution failed to collect taxes for over 2,700 student employees. This has resulted in a backlog of over $834,000 in payroll taxes.

Taxes are difficult. It is easy for anyone to make a mistake when attempting to file taxes, but what makes the difference between an honest mistake and a crime? The following helps to answer this question.