Tax Law Blog

Each year, the Internal Revenue Service (IRS) reminds U.S. taxpayers who have funds in foreign bank accounts to file a report to identify and place a value on those accounts. The report is called a Report of Foreign Bank and Financial Accounts...

The U.S. Supreme Court handed the Internal Revenue Service (IRS) a loss in a case related to penalties for nonwillful failure to file an FBAR.

In a move that could help half a million taxpayers, the Internal Revenue Service (IRS) recently announced new options for electronically filing certain tax documents.

The annual report from the Criminal Investigation Unit of the Internal Revenue Service for the fiscal year 2022 was released recently. In a branding departure, the cover of the report offers a cross-section of smiling, engaged IRS: CI agents, as...

Tax season is underway. Top earners can manage wealth and save money with some strategic planning around taxes.

Each year, the Internal Revenue Service Criminal Investigation (IRS: CI) unit recounts the agency’s top ten criminal tax matters on its Twitter account. According to the IRS, the list represents the “most prominent and high-profile investigations of...

The Supreme Court of the United States recently denied a petition to review the plight of a taxpayer who was assessed an egregious fine for failing to file a report of Foreign Bank and Financial Accounts (FBAR).

If you have not filed your federal tax returns in the last few years, tax season may provide an uncomfortable reminder of that obligation.

In a bid to boost customer service, the IRS recently launched a new portal to file required Form 1099 information.

Crypto continues to attract investors, generate headlines, and garner attention from the U.S. Treasury. As a result, the Internal Revenue Service (IRS) is reminding taxpayers about reporting “digital assets” on 2022 federal tax returns.