Tax Law Blog

Can claiming you made an innocent mistake on your tax return get you out of hot water with the Internal Revenue Service (IRS)? Maybe so, maybe not.

Two recent court rulings drive home the need to pay careful attention to FBAR filings—and the penalties that accrue if they are ignored.

As most people know, failure to file an income tax return can cause trouble—or you might not get a refund that is owed to you.

Not likely but true—the National Rifle Association (NRA) reported the tax fraud of its own executive board.

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.

If you receive a letter from the IRS, there is a decent chance it is a “soft  letter.” What exactly is that supposed to mean and what should you do about it?

At some point in your life, it is possible you will have a disagreement with the Internal Revenue Service (IRS). The more complex your financial profile, the greater the likelihood that you and the IRS may not see eye-to-eye.

If you are tagged by the Internal Revenue Service for failure to file a tax return, or your annual FBAR, you have stepped into something that is both a noun and a verb—a tax controversy.

How troublesome is it if you fail to file your annual tax return, or your quarterly business taxes? This is not a trick question. The answer is, “it depends.”

In May, the Treasury Inspector General for Tax Administration (TIGTA) issued a report that confirms the Internal Revenue Service is not pursing high income taxpayers that fail to file tax returns.