In hot water for its money laundering activities, credit-card company Capital One fessed up and will pay for its lack of guardrails around suspicious financial transactions.

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Ready or not, a new tax season is upon us.

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The Internal Revenue Service (IRS) reports a big jump in the number of people filing individual tax returns.

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Let’s say it happened to you. You received a notice for an IRS civil tax audit, you traded documents and telephone calls with the IRS, and you just got the letter from the IRS concerning the findings of the audit. According to the Internal Revenue...

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In July 2020, the Chief of IRS Criminal Investigation (CI) announced the end of his longtime tenure at the Internal Revenue Service (IRS). Current CI deputy chief James Lee has become the new Chief of CI.

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The IRS CI Annual Report for 2020 has been released. The Annual Report always offers an interesting inside look at the work of special agents who focus entirely on criminal tax matters in the U.S.

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Tax evasion and opaque offshore tax havens are well known for the economic wreckage that results when countries cannot collect legitimate taxes due. A new report pegs the global tax gap at $427 billion.

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While it seems like 2020 has been one long disaster, the Internal Revenue Service (IRS) stepped up to offer some filing relief for those who are required to file a 2019 Report of Foreign Bank and Financial Accounts (FBAR) who have been hit...

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One thing to remember about committing a tax crime—it doesn’t always happen to someone else.

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One form of tax relief could lead to another form of tax enforcement. If you have recently received a letter from the Internal Revenue Service (IRS), it would pay not to ignore it.

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