Tax Law Blog

While living abroad may be an adventure for U.S. expatriates, it does not relieve the annual filing of a tax return or the filing of a Report of Foreign Bank and Financial Account (FBAR).

Following a full week of trial, a Dutch tax advisor pled guilty to one count of aiding the filing of a false income tax return for celebrity clients who were U.S. taxpayers, but earned income around the world.

There is an expectation by the Internal Revenue Service (IRS) that U.S. persons are aware that their income is taxed on a global basis—although the U.S. is one of very few countries that do so. Failure to file required reporting on assets outside of...

If you have a foreign bank account, hold assets or have an interest in an offshore tax account, you are required to file a Report of Foreign Bank and Financial Accounts (FBAR). If you failed to file in the last year, the Internal Revenue Service...

If you know your tax returns or FBAR report do not quite add up, it is helpful to understand how the Internal Revenue Service (IRS) may look at potential action against you.

Saving the best for last, the top two IRS:CI tax fraud matters of 2023 take a broad swipe at a multitude of IRS regulations from failure to file an FBAR report to money laundering, and tax fraud based on biofuel tax credits.

The nature of a tax controversy hinges on whether a misstep or mistake was willful or non-willful. If you are challenged by the Internal Revenue Service (IRS), knowing and being able to prove the difference can have big implications for penalties...

The Internal Revenue Service (IRS) routinely pursues scams and scamsters engaged in tax fraud.  The IRS also scrutinizes tax returns, annual financial reports, and other submissions for tax fraud.  So—what is tax fraud?

Banking offshore can save you money or lead you down a path to a potential tax crime. How does that happen?

In a recent statement to the House Committee on Financial Services, the Director of FinCen explained its mission and purpose in enacting the Corporate Transparency Act (CTA) which became effective at the first of this year.