Tax Law Blog

Here is a pop quiz question:  Do you need to report anything to the Internal Revenue Service about transactions or earnings in virtual currency?  The answer:  The IRS says “yes.”

A resort and spa operator is going to need some of his own R & R after pleading guilty to filing false tax returns and failing to pay nearly $2 million in taxes in Arizona. 

Here’s something you do not see very often—individuals who claim income as household help in order to commit tax fraud.  The dodge earned a North Carolina tax preparer a lot of trouble and more than ten years in prison.

A Florida man will be cooling his heels in prison for more than seven years after conviction on an impressive assortment of criminal tax charges involving chartered aircraft.

For the fourth consecutive year, abusive tax shelters are on the annual “Dirty Dozen” list posted by the Internal Revenue Service (IRS).

In its annual call-out of common scams to defraud federal coffers, offshore tax evasion still ranks high for the Internal Revenue Service (IRS).

Boo Boo made a boo-boo.  A fraudster with the handle “Boo Boo” is heading to prison for 30 years on multiple counts of tax fraud, identity theft, and federal tax crimes.

It may come as no surprise that the Internal Revenue Service (IRS) operates a Whistleblower program.  Recent legislative and agency changes may make whistleblowing a more profitable pursuit.

A Solon, Ohio accountant is being charged for conspiring in a scheme for his clients involving funneling money illegally through his firm and under reporting taxable income for their federal tax returns.  

Americans are required to comply with the requirements of Foreign Bank Account Reports. Failing to report a foreign bank account that has a value of $10,000 at any point during the year can result in serious consequences of FBAR violations. The...