Withholding and remitting employment taxes is a basic part of doing business for most U.S companies. When a business ceases to account for wage withholding with the Internal Revenue Service (IRS), it is often only a matter of time before the agency...
Read MoreThink of an IRS tax transcript as your tax return’s “cheat sheet.” It’s not the full return, but a summary that lenders, auditors, or even investigators may look at when making decisions about you. Knowing what’s in it—and how to use it—can make...
Read MoreIf you have engaged in tax evasion or other willful noncompliance, the IRS Criminal Investigation Voluntary Disclosure Practice (IRS-CI VDP) may provide a narrow window to mitigate the consequences. The program offers taxpayers an opportunity to...
Read MoreAn Internal Revenue Service (IRS) audit letter can cast a chill over any season. As the calling card of the IRS, an audit letter can trigger anxiety the minute you pull it from the mailbox.
Read MoreSworn in following confirmation by the Senate in early June, Billy Long is the 51st Commissioner of the Internal Revenue Service (IRS).
Read MoreThe latest Annual Report of the Internal Revenue Service Criminal Investigation (IRS: CI) has been released. IRS: CI is a complex unit with a broad mandate. The annual report offers a glimpse of investigative efforts and successes in the moment.
Read MoreOur countdown of the top ten tax crimes of 2024 has come to an end. The final two entries outline a calculated fall from grace by a crypto bro, and a civilian army employee who helped herself to funds intended for military families.
Read MoreDespite relentless volatility, bitcoin and other cyber-currencies are having a moment as the new administration rolls back regulatory efforts and pushes for a national digital asset stockpile.
Read MoreOn the 2024 Internal Revenue Service Criminal Investigation (IRS-CI) Top Ten federal tax crime list, numbers four and three represent legacy tax frauds—long-running scams that earned operators a lot of money—and lengthy prison sentences.
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