Tax Law Blog

If you have an interest in or authority over a foreign bank account, trust, mutual fund or brokerage account that has more than $10,000 in it, you are required to file a Report of Foreign Bank and Financial Accounts (FBAR) with the Internal Revenue...

Today’s digital world has brought about many changes in what things can be a part of a person’s financial life. These changes include the addition of new ways to make money, new types of financial transactions and new types of assets. These new...

He was first elected to the state legislature so long ago that Bruce Willis was just emerging as a movie star and the Beach Boys had one of the year's top hits. Yes, it has been a long time since 1988, which will undoubtedly make the transition to...

Over the years, there have been various settings and stars in the TV show "CSI." While Hollywood's version of police work entertains millions, the real-life exploits of the Internal Revenue Service's Criminal Investigation (CI) unit is less...

Without a word, paintings can tell profound stories of love gained, battles lost, tragedy and triumph. It is possible that an art historian and consultant recently indicted on allegations of tax crimes is uniquely qualified to choose which...

The Internal Revenue Service and Department of Justice are on a never-ending crusade to end tax evasion. As part of their ongoing efforts, they recently announced proposals to make the banking system more "transparent."

If you have unfiled tax returns, you undoubtedly have your reasons, whether they are related to problems in your personal life, your business or both. Once a person has decided not to file a return with the Internal Revenue Service for a year, it...

Filing false tax returns has led an expert into some big trouble. The U.S. Department of Justice has announced this week that a certified public accountant from Spokane, Washington has pled guilty to three counts of making and subscribing false...

The Wall Street Journal notes that there are many legitimate reasons for Americans to put some of their assets into offshore accounts, including protection of those assets, privacy concerns and tax savings. However, offshore accounts come with...

There seems to be a million details for entrepreneurs to attend to when starting up a new small business. One of those deserving attention before opening the doors of your commercial venture is payroll. Many a business that has come before yours has...