Tax Law Blog

Here is a pop quiz question:  Do you need to report anything to the Internal Revenue Service about transactions or earnings in virtual currency?  The answer:  The IRS says “yes.”

A Florida man will be cooling his heels in prison for more than seven years after conviction on an impressive assortment of criminal tax charges involving chartered aircraft.

In its annual call-out of common scams to defraud federal coffers, offshore tax evasion still ranks high for the Internal Revenue Service (IRS).

Boo Boo made a boo-boo.  A fraudster with the handle “Boo Boo” is heading to prison for 30 years on multiple counts of tax fraud, identity theft, and federal tax crimes.

Late in 2017, the Internal Revenue Service (IRS) rolled out a second set of campaigns to complement its strategic Large Business and International Compliance Campaigns (LB&I). 

It may come as no surprise that the Internal Revenue Service (IRS) operates a Whistleblower program.  Recent legislative and agency changes may make whistleblowing a more profitable pursuit.

A Solon, Ohio accountant is being charged for conspiring in a scheme for his clients involving funneling money illegally through his firm and under reporting taxable income for their federal tax returns.  

The self-proclaimed “Tax Beast” was recently sentenced to three years in prison and ordered to pay $892,902 to the Internal Revenue Service after filing fraudulent tax returns. The criminal matter reminds others of the powerful reach of the IRS and...

Americans are required to comply with the requirements of Foreign Bank Account Reports. Failing to report a foreign bank account that has a value of $10,000 at any point during the year can result in serious consequences of FBAR violations. The...

Individuals may be charged with either a criminal or civil offense if they are suspected of tax fraud. The nature of the charge against them will determine the potential consequences they face and the possible defenses that an experienced tax...