Tax Law Blog

We all know the classic Seinfeld character the Soup Nazi for his agressive soup rules and his catch phrase, "No soup for you!" But, did you know he was based on a real person and soup shop in NYC? The owner, Al Yeganeh, became an unwilling star...

Business is changing. The way entrepreneurs structure their businesses and move forward with transactions is evolving at a very fast pace. Some own business interests in various parts of the country, making states struggle to determine when that...

The laws governing the tax process are complex. Adding to this complexity is the fact that the laws often change. One change that has resulted in multiple lawsuits involves whether or not the Internal Revenue Service (IRS) can change the law and...

There are those in the world that thrive on cheating others out of money. Fraudulent scams are not a novel concept, but the methods used to perpetuate these schemes often change. The Internal Revenue Service (IRS) is attempting to reduce the risk of...

A North Carolina man has been sentenced to 43 months of prison time for tax evasion. Oddly enough, this gentleman ran a tax consultancy business for the last 24 years, and that was after 12 years of being employed as an IRS Revenue Officer. He used...

Those who leave the United States and take up residence in another part of the world may believe that they are no longer required to pay taxes in the United States. This belief is generally untrue. Similarly, the children of parents that are...

It's a long-time notion that rich Americans stash their cash overseas accounts to avoid paying their dues to Uncle Sam. But, those lofty ideas are quickly fading. Three Southern California residents have been sentenced to prison for hiding millions...

The media is abuzz with news about President Donald Trump’s recent tax proposal. President Trump’s chief economic advisor states that the proposal aims to simplify taxes — that the proposal is an attempt to go back to the days when tax instructions...

Didn’t get your taxes done on time? In some cases, you may not have to worry. There are certain situations that automatically qualify for a tax extension.

Tax season has come to a close, providing a good opportunity to review the process taken by the Internal Revenue Service (IRS) when reviewing taxes. Although most taxpayers likely filed in compliance with tax law, there are those who have not. At...