Tax Law Blog

Business owners in Ohio are steamed over several proposals associated with President Biden’s reconciliation bill and they are letting Washington know about it.

Businesses continue to be challenged by COVID-19 and the supply-chain inflation that has ensued.

Cryptocurrency continues to gain ground and is not going away. New legislation would close profitable loopholes for crypto users, and the IRS is signaling measures that impact transactions involving some cryptocurrencies.

If you possess a foreign bank account of a certain size, this message is for you. Your FBAR report is due very soon.

Compliance is important for realizing the full benefits of offshore investment.Let’s take a look at some relatively easy ways to stay on the right side of the law when considering or maintaining foreign bank accounts or holdings.

Despite those who wish otherwise, the Internal Revenue Service (IRS) rarely forgets a debt, regardless of celebrity or political profile.

An Ohio businessman facing 20 years in prison pled guilty to tax crime, including filing fraudulent tax returns.

Kenneth Johnson, 75 years old, has represented the Buckeye-Shaker neighborhood on the Cleveland City Council for decades. In July 2021, his career of service ended with his conviction of submitting fraudulent tax returns, among other tax violations.

Are you considering placing an investment in an offshore tax haven? While you can protect your wealth, there is a lot of bad press around the practice—what do you need to know?

For the last several months, we’ve been counting down the top five list of criminal tax charges of 2020 from the IRS Criminal Investigation Division (IRS-CI). Because of the sheer audacity of the tax fraud, we decided to include the Honorable...