Tax Law Blog

Americans are required to comply with the requirements of Foreign Bank Account Reports. Failing to report a foreign bank account that has a value of $10,000 at any point during the year can result in serious consequences of FBAR violations. The...

Taxpayers with undisclosed foreign assets urged to come forward now.

The Internal Revenue Service today announcedit will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on Sept. 28, 2018. By alerting...

Reminding us of the importance of properly prepared tax documents, the Internal Revenue Service (IRS) recently obtained a guilty plea from one tax professional and sued to shut another one down for preparing fraudulent tax returns.

Individuals may be charged with either a criminal or civil offense if they are suspected of tax fraud. The nature of the charge against them will determine the potential consequences they face and the possible defenses that an experienced tax...

If you falsify your tax returns, will you always get caught? No. But, you play a very dangerous game that can result in very major repercussions if your fraud is discovered. Our own Robert J. Fedor was recently interviewed by Super Lawyers on this...

When charging someone with executing your estate after you die, it's a leap of faith. But, trust isn't always earned. In the indictment of a New York attorney, we see what can happen when people think no one is looking. The charges suggest that the...

Bartering was the earliest form of business transaction. When those tit for tat evaluations became more difficult, money became the currency for transaction. When you report your income, you may not think to count products or services that you...

If you have “seriously delinquent tax debt,” you should speak with an experienced tax attorney before your next trip out of the United States, or before you try to return.  Otherwise, you may be in for an unhappy surprise at the border.

In an effort to address international offshore tax evasion and avoidance, the European Union (EU) created a blacklist in December 2017 that identified 17 countries and put 47 more on a “gray list” for failing to meet international standards of...

A Tennessee dentist is going to prison for a year for tax fraud.  While the news isn’t startling, the story is a cautionary tale about getting good legal help if the Internal Revenue Service approaches you.