Tax Law Blog

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.

While the name is pretty vanilla, a “John Doe” summons is an important tool when the Internal Revenue Service (IRS) is looking for taxpayers who may be involved in tax evasion.

Globally and at home, money laundering is illegal, highly profitable—and a big problem.

To counter tax fraud and tax evasion, the Internal Revenue Service (IRS) requires individuals who have money in a foreign bank account or offshore tax haven to file specific reports. Those reports include the Foreign Account Tax Compliance Act...

Wealthy investors able to pony up $5 million may soon be able to buy entry into the United States and a road to citizenship through a “Gold Card.”

In late December, a federal court judge authorized a summons from the Internal Revenue Service (IRS) requiring businesses associated with Trident Trust Group to produce information regarding foreign bank accounts and offshore tax havens used by U.S....

For years, the European Union (EU) and the Organization for Economic Co-operation and Development (OECD) have been working toward a global minimum tax to stem the loss of offshore tax dollars related to multinational enterprise (MNE). The U.S. has...

Interested in moving abroad? You are not alone. American interest in moving abroad rose sharply following the November election. If the life of an expat beckons, homework is important

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...