Tax Law Blog

It begins with an innocuous greeting: “Dear Taxpayer.” For those receiving a notification from the Internal Revenue Service that they are to be audited, the friendliness ends for all practical purposes right there. The cheerless good news is that...

In some cases, the worry ends on April 15th. Decisions have been made, declarations, reports and forms have been filed. The dread is, in some cases, over. For those who have for years declined to report their foreign bank holdings, the dread might...

Federal and state governments have numerous programs that provide aid to retired, unemployed and disabled workers. Programs like Social Security, Social Security disability and Medicare are funded in part by employee payroll taxes. To ensure for the...

Though the housing market is in remarkably better shape than it was in 2007, there are still large numbers of homeowners with significant negative equity. In fact, approximately 7 million of these property owners have mortgage debt approximately 25...

Tax evasion means jail time for many individuals. One couple is now looking at 15 years imprisonment for alleged tax evasion. What is unusual about this particular case is that the pair was running a tax preparation business.

Tax season is in full swing and, by now, Ohio residents have likely finished their taxes or at least made decisions about whether or not they plan to hire someone else to do their taxes. Whether an individual plans to complete and file their own...

Generally, a business owner wants to avoid anything that could put their business’ success in danger. One of the things that can have major negative effects on a business’ financial health and future is tax problems.

Everyone wants to keep more of their hard-earned income and avoid paying taxes. There are many tax avoidance strategies; however, an individual or business owner must take care to ensure that any steps he or she takes to reduce tax liabilities are...

When it comes to taxes, for individuals and business owners, few words evoke as much fear and anxiety as the word audit. This time of year, as taxpayers prepare to file their 2014 tax returns, the idea of being targeted for an IRS audit is...

We all make mistakes in life and everyone deserves the chance to start fresh. However, when mistakes involve matters related to one's taxes, the IRS is notoriously unforgiving and often imposes harsh penalties. They may even pursue criminal tax...