Tax Law Blog

We've previously discussed some of the red flag actions, or inactions, that are likely to get the IRS's attention. For small business owners, tax obligations are not only financially burdensome, but also confusing leading some to make costly tax...

We talk a lot in this blog about the complexities of U.S. tax codes and how confusion surrounding their meaning and interpretation can spell trouble for a taxpayer. There are also, however, other cases where individuals intentionally set out to...

The full and widespread effects of the U.S. federal government's attempts to crack down on foreign asset and account holders are being felt around the world. The Foreign Account Tax Compliance Act calls upon foreign governments and financial...

Small business owners are often credited with serving a vital role in the U.S. economy and providing for both its stability and growth. While small business owners took a tremendous financial hit during the recent recession, many fought back and...

State and federal agencies take allegations of tax crimes, including tax evasion, very seriously. In many cases, there seems to be no limit to the efforts spent on identifying fraud and then holding the accused responsible. Agencies including the...

Aside from the fact that the word is pretty much synonymous with paying money, taxes are dreaded for another major reason; namely the fact that tax codes are convoluted and extremely confusing. Anyone who's ever attempted to prepare and file their...

Some people are by nature procrastinators. Others have mastered the art of avoidance or plain old ignoring the problem in hopes it will just goes away. In most cases, however, these tactics are not successful. This is especially the case when...

We've previously provided information related to some of the new IRS requirements concerning reporting the existence of foreign accounts and assets. We also discussed how individuals who fail to comply with these new regulations can own up to and...