Tax Law Blog

He has made millions of dollars over a hip hop and business career that spans more than two decades. But Nasir Jones, best known by his stage name Nas, has also had his share of controversy.

Bitcoin owners rang in the New Year with enthusiasm as the value of their digital currency surged beyond $1,000 after the ball dropped. Two years ago, the price sat at $200. The sharp increase has more than just Bitcoin owners salivating, however....

It is sometimes difficult to make financial decisions. You must first weigh the positives and negatives and assess the pros and cons before making a sound choice. Even the Internal Revenue Service can struggle to make decisions, a business...

The former CEO of Max International, a nutritional supplement manufacturer focused on enhancing cell function, was indicted this week for tax evasion. The Utah Attorney General believes Peter Nordberg was hiding commissions out of his home state to...

Many people are relieved to see 2016 in their rearview mirror and are looking forward to the many possibilities that 2017 has to offer. One of the certainties of the new year is that we will all have to file our state and federal income tax returns...

While the world prepares itself for another calendar change, the Internal Revenue Service is preparing for a new tax-filing season. With the final few pages of 2016 being turned, it makes sense for all of us to take a glance ahead at what the IRS...

Few things were as dreaded in school as a pop quiz. Today's blog post is the opposite of a pop quiz. We are going to give you both the questions and answers that could prove useful if you ever face the taxpayer test known as an IRS audit.

Everyone is looking forward to the holidays, and time off to spend with family and friends. Not many people are looking forward to what comes on the heels of the holidays: Tax season.

A recently released report by the Internal Revenue Service Advisory Council says that the IRS goal of tax filing compliance might be hindered more than helped by the agency's penalties. The report urges the IRS to conduct a review of its fines to...

The Internal Revenue Service is interested in your coins. Not the loose change you keep in a jar, but the digital bitcoins you might own. The IRS is trying to get information from the popular bitcoin exchange known as Coinbase. The agency hopes the...