Tax Law Blog

As a taxpayer, receiving a letter from the Internal Revenue Service (IRS) announcing an audit is an unpleasant surprise. As you worry about the audit, it can be worthwhile to understand a resource that examiners use to look at your business—an Audit...

Erin Collins, the National Taxpayer Advocate (NTA), recently took the Internal Revenue Service (IRS) to task for an unprocessed backlog of 500,000 tax fraud cases.

Each year, the Internal Revenue Service (IRS) compiles a list of prominent tax schemes that scammers use to exploit individuals and businesses. These schemes can arrive through email, text messages, and even traditional mail. This year, the IRS has...

If you have a foreign bank account, hold assets or have an interest in an offshore tax account, you are required to file a Report of Foreign Bank and Financial Accounts (FBAR). If you failed to file in the last year, the Internal Revenue Service...

The Department of Treasury is taking aim at the basis-shifting practices of partnerships.

Involvement in tax fraud can lead to serious financial penalties and prison. The Internal Revenue Service (IRS) uses specific terms to discuss and investigate fraud which are worth understanding from a compliance and litigation perspective.

The Dirty Dozen list from the Internal Revenue Service (IRS) is an annual service that offers a heads-up to taxpayers of hot tax crime scams. The list also alerts those involved in these frauds that the IRS is paying attention and may catch up to...

Nonresidents of New York State may be asked to pay taxes if New York state decides they are spending enough time in the state to qualify.

To the dismay of those with foreign business holdings, the Supreme Court of the United States (SCOTUS) upheld a transition tax on the unrealized profits of foreign business entities owned by American taxpayers.

If you know your tax returns or FBAR report do not quite add up, it is helpful to understand how the Internal Revenue Service (IRS) may look at potential action against you.