Tax Law Blog

The Employee Retention Credit (ERC) was a good deal for businesses—until it became an even better deal for scammers.

Pop quiz: what is the difference between an IRS Special Agent, an IRS Revenue Officer, and an IRS Revenue Agent? The distinctions between these roles make a difference when you are dealing with the Internal Revenue Service (IRS).

A few years ago, the Internal Revenue Service (IRS) caused a significant stir by claiming IRS: CI had the right to read your email. Those assertions have largely gone quiet, but the question remains—is the IRS looking at your social media?

While there are numerous legal ways to minimize an income tax burden, falsifying returns and committing fraud to try to get out of paying what is lawfully owed will get you into trouble with the IRS, as one Michigan man recently found out.

The drawn-out decline of Bed Bath & Beyond kept corporate bankruptcy in the news. But Bed Bath & Beyond is by no means alone.

The Criminal Investigation arm of the IRS stays busy. With more than 3,000 agents worldwide, IRS-CI is focused on bank secrecy act violations, criminal tax fraud, money laundering, and tax evasion. Earlier this year, the IRS ranked its top ten...

A year into the pandemic, bankruptcy remains an important option for business owners and operators.

A bankruptcy filing under Chapter 7 of the US Bankruptcy Code could help you wind down your business and discharge certain types of unmanageable debt.

While it sounds counter-intuitive, bankruptcy can save your business.

If your business is struggling with overwhelming debt, options are needed. Different options apply in different circumstances. For some, an offer in compromise (OIC) could have value.