Tax Law Blog

Addressing serious tax debt can be overwhelming. But putting it off may result in higher penalties, additional interest, and worsening tax liability. The Internal Revenue Service (IRS) recently announced a new tool to help taxpayers work through the...

Thinking about life elsewhere? You are not alone. If the grass looks greener in a different country or across the pond, take stock before you sail for sunnier shores. Many Americans considering a move abroad are motivated by lower living costs,...

Offshore banking can be a legitimate part of a business or investment strategy when used in compliance with U.S. law. Companies may use overseas accounts to diversify investments, manage currency risk, or support international operations.

In an unsteady global market, foreign bank accounts can provide your assets with a safe harbor and some anonymity. They can also be a conduit for offshore tax evasion and money laundering. But it is important to understand the nature of offshore tax...

Being a “U.S. person” is a legal classification that identifies your status as a taxpayer. It can also apply to entities beyond individuals. Whether you are a citizen, resident, or business owner, understanding whether you qualify as a U.S. person...

When most people hear “tax controversy,” they might picture a dramatic courtroom showdown or a high-stakes battle with the Internal Revenue Service (IRS). In reality, tax controversies can affect anyone, from individuals to multinational businesses,...

There are compliance, financial, and personal reasons why you should work with an experienced tax lawyer when challenged by the Internal Revenue Service (IRS). In the moment, you may not understand the importance of legal counsel, but hindsight...

With the new year, the current economy and ever-changing investment strategies, is it time to consider an offshore tax haven? Let’s take a look.

The Internal Revenue Service (IRS) Math and Taxpayer Help Act was signed into law by President Donald Trump on Dec. 1, 2025, and will provide taxpayers with additional information and clarity when math errors are identified in their returns.

Above a certain threshold, assets held in offshore or foreign bank accounts must be reported to the Internal Revenue Service (IRS). The Report of Foreign Bank Account and Financial Accounts (FBAR) is reported each year through the Financial Crimes...