Tax Law Blog

Wells Fargo, fighting an uphill battle to rehabilitate its reputation, got an assist from the Federal Reserve in early June.

Interested in the activities of the Internal Revenue Service (IRS) around tax audits, collections , and tax returns? The agency recently released its Data Book for 2024. The annual compilation provides activity statistics for the preceding year.

Sometimes business owners are tempted to dip into payroll tax withholdings. But a Florida man took payroll tax fraud to a whole new level.

Globally and at home, money laundering is illegal, highly profitable—and a big problem.

The Internal Revenue Service (IRS) encourages taxpayers to report tax fraud and abusive tax schemes.

The former senior vice president and general counsel of Moody’s (a financial services company that provides credit ratings, research, and risk analysis) was sentenced to prison for failure to file his tax returns.

Around and around it goes. A Florida financial advisor rolled the dice on fraudulent tax shelters, filing false income tax returns, and money laundering—and he appears to be heading for a reckoning.

Collection and payment of employment taxes to the U.S. Treasury funds programs like Social Security, Medicare, and federal unemployment. Failure to withhold and turn over payroll taxes can lead to a penalty against those responsible, which can be...

The Internal Revenue Service (IRS) is synonymous with tax collection and tax enforcement. The enforcement unit within the IRS that investigates and pursues tax crime is called Criminal Investigation (IRS:CI).

Involvement in tax fraud can lead to serious financial penalties and prison. The Internal Revenue Service (IRS) uses specific terms to discuss and investigate fraud which are worth understanding from a compliance and litigation perspective.