Tax Law Blog

Small business owners may write off business expenses that are “ordinary and necessary.” There aren’t limits and net losses can offset other forms of income like salaries and wages. Losses can even carry over to future years. When business expense...

The Internet is a wonderful thing. Google, Bing, Yahoo and other search engines can provide answers to almost any question within a matter of seconds. Some answers are more reliable than others, but savvy tech users know which sites to trust and...

A Beverly Hills resident was recently indicted by a federal grand jury for a slew of tax violations, including corruptly endeavoring to impede the internal revenue laws, filing false tax returns, claiming exemptions he did not qualify for, and...

Hot weather is not the only thing sweeping the country. The Internal Revenue Service (IRS) recently announced that it has received repeated reports of a new tax scam moving through the United States faster than the recent heat wave.

Not having a firm grasp on all the financial happenings within our country is common. There are many different agencies, departments and groups that play vital roles within our nation’s economic health. One such agency currently getting attention...

There is much confusion over how to tax a new form of currency. This new form of currency, referred to as cryptocurrency, involves the use of digital currency like Bitcoin. Investors purchase Bitcoins and use them to make other purchases in the...

Last week, a federal grand jury handed down an indictment of a former CPA charged with wire fraud, bank fraud, money laundering and tax offenses. The defendant embezzled money from a dissolving company as well as from an elderly client, while she...

Getting a letter in the mail from the Internal Revenue Service (IRS) can signal any number of issues. In some cases, the correspondence provides notice of an audit. When this is the case, it is wise to take the correspondence seriously.

Wouldn't it be nice to not have to pay taxes? One Florida salesmen thought so and gave it a try for over a decade. When he almost got caught, he formed a new corporation to cover up his evasion, and continued to claim personal expenses, like a...

Tips and advice on how to avoid getting audited by the Internal Revenue Service (IRS) abound. But why bother? Does it really matter if you get an IRS agent knocking on your door or a mailing from the agency stating that they are going to conduct a...