Tax Law Blog

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...

Foreign bank accounts, offshore accounts and shell companies have long been part of legitimate asset protection and tax planning strategies. In recent years, however, evolving global transparency initiatives have reshaped what those arrangements...

Black, grey, non-cooperative? What is the difference in how an offshore tax jurisdiction is identified in the international tax community?

When a tax debt goes unpaid, the IRS imposes more than just penalties—interest begins to accrue immediately and compounds daily. This interest is not discretionary; it is mandated by law and continues until the full balance is satisfied. For...

Filing taxes incorrectly or incompletely is a problem for the Internal Revenue Service (IRS). Failure to pay or file forms can be costly to a taxpayer or their company.

After being rescued two years ago by competitor the Union Bank of Switzerland (UBS), Credit Suisse is making headlines again for the same transactional behavior that saw the Zurich-based bank stumble into disrepute in the first place.

Some tax return errors are mistakes, some are not. How do you know where you stand with the Internal Revenue Service (IRS) if you think there is a mistake on your personal or business returns, or if you know there is an intended error on your tax...

For most mistakes, minor infractions, or errors, the Internal Revenue Service (IRS) will assess a penalty with interest. If the IRS believes a tax crime was committed, the outcome could be different.

Considering a foreign bank account? It pays to know where your money might be going.