Tax Law Blog

The Wall Street Journal notes that there are many legitimate reasons for Americans to put some of their assets into offshore accounts, including protection of those assets, privacy concerns and tax savings. However, offshore accounts come with...

There seems to be a million details for entrepreneurs to attend to when starting up a new small business. One of those deserving attention before opening the doors of your commercial venture is payroll. Many a business that has come before yours has...

Few Chicago business owners spend their time thinking about how they could make life easier for the Internal Revenue Service. IRS decision-makers and agents think about it, however. For them, finding ways to get businesses to pay taxes owed is near...

It is less than an hour's drive from Cleveland out to Portage County. The area is home to the Village of Garrettsville, known for its maple syrup and pastoral setting. It is also the hometown of Jonathan M. Lawrence, the CEO, founder and president...

The Illinois congressman who chairs the House of Representatives Oversight Subcommittee hails the news that the Internal Revenue Service is taking action to help farmers and small business owners who have had assets wrongly seized by the federal...

It is reasonable to expect that a painful experience – and an audit by the Internal Revenue Service can certainly hurt – alters future behavior. Recent research shows that there are surprising differences in the changes in behavior between...

At first glance, it might appear to be a run of the mill case. But a closer look reveals a more interesting strategy by the Department of Justice and Internal Revenue Service aimed at tax violations by business owners.

The Department of Justice's Tax Division has come down on a dentist from Nevada with a 13 month prison sentence for tax evasion.  According the DOJ press release, the case went as follows:

The Internal Revenue Service claims that about 1 out of every 6 taxpayers fails in one way or another to comply with the tax code. If the federal agency’s estimate is accurate, you might reasonably expect the numbers of tax-related arrests to be...

Many Chicago business owners have faced difficult cash flow problems; problems that come with temptations. The possibility of using withheld payroll tax monies that were deducted from employee paychecks to keep the business's doors open can be...