Tax Law Blog

Regular readers of our Cleveland tax blog will undoubtedly recall recent references to the FBAR (Report of Foreign Bank and Financial Accounts). It's essentially a report to the Internal Revenue Service on amounts of $10,000 or more in any overseas...

Despite reports in Cleveland media and elsewhere of tax enforcement struggles the Internal Revenue Service is contending with as a result of budget cuts, the agency continues to charge some business owners with criminal tax evasion.

There are at least a couple of ways to interpret the news that Internal Revenue Service budget cuts have led to decreases in services and collections. A new government report indicates that taxpayer service is on the decline (ask anyone who has...

It seems everyone has signed on to FATCA, and with the announcement that the Vatican is on-board, we do mean everyone. FATCA, as you know, is the Foreign Account Compliance Act. The deal was recently announced, though the agreement for the Vatican...

Our regular readers know that in our previous blog post, we wrote about looming June deadlines for expatriates. Monday, June 15 is tax-filing day and Tuesday, June 30, is FBAR day. Unfortunately, the latter is no more of a holiday than the former....

There are a number of ways the federal government can get its hands on money it believes it is owed. For instance, there is the Treasury Offset Program (TOP), which can keep your federal tax refund to repay federal non-tax debts. TOP can also keep...

No one wants to be the subject of a tax evasion investigation. Being accused of tax evasion can lead to significant fees and penalties. Even worse, however, it can lead to criminal tax evasion charges, which may result in jail time.

Unfortunately, a...

It seems like just yesterday that your pulse was pounding, your heart hammering and your eyes popping as you put your federal tax return into the mail, or hit "Submit." OK, maybe April 15th wasn't quite that dramatic for you, but it is hardly...