Tax Law Blog

A recent study takes a fascinating look at what drives high-asset individuals to invest in offshore accounts.

If you have engaged in tax evasion or other willful noncompliance, the IRS Criminal Investigation Voluntary Disclosure Practice (IRS-CI VDP) may provide a narrow window to mitigate the consequences. The program offers taxpayers an opportunity to...

When a tax debt goes unpaid, the IRS imposes more than just penalties—interest begins to accrue immediately and compounds daily. This interest is not discretionary; it is mandated by law and continues until the full balance is satisfied. For...

Immigration of wealth never goes out of style. As countries vie to attract high-asset immigrants, two recent proposals stand out: a U.S.-based “Gold Card” initiative and the U.K.’s proposed “Britannia Card.”

An Internal Revenue Service (IRS) audit letter can cast a chill over any season. As the calling card of the IRS, an audit letter can trigger anxiety the minute you pull it from the mailbox.

Wells Fargo, fighting an uphill battle to rehabilitate its reputation, got an assist from the Federal Reserve in early June.

The Internal Revenue Service (IRS) Criminal Investigation Voluntary Disclosure Practice (VDP) offers a valuable opportunity for individuals or businesses facing potential tax crime exposure to voluntarily come clean. A recent change to the program...

Filing taxes incorrectly or incompletely is a problem for the Internal Revenue Service (IRS). Failure to pay or file forms can be costly to a taxpayer or their company.

Sworn in following confirmation by the Senate in early June, Billy Long is the 51st Commissioner of the Internal Revenue Service (IRS).

If you receive a collection letter from the Internal Revenue Service (IRS), there are some critical steps to take so that you can effectively respond on your own behalf.