Tax Law Blog

It is not just taxpayers that are penalized for using abusive tax shelters, Wells Fargo recently lost a precedent-setting appeal to the Eighth Circuit. Essentially, Wells Fargo sought to avoid penalties levied on the company by a lower court finding.

Taylor Lohmeyer is going to have to give up the goods. Or, at least that is the latest from a federal appeals court in a matter involving the Internal Revenue Service (IRS).

While talking big and selling fake facts may not raise eyebrows today, Michael Cooper, founder of The Tax People, made big news for a short time selling tax fraud in the late 1990’s. Convicted of criminal tax fraud, Mr. Cooper went to federal prison...

When tax debt is more than you are able to pay, the Internal Revenue Service (IRS) may consider an offer in compromise.

Anytime is a good time for a tax scam, but fraudsters often take special advantage of periods of high economic or community instability.

The Criminal Investigation unit of the IRS (IRS-CI) collaborates with international partners to identify, investigate, and prosecute a variety of crimes around the world.

A Miami business man will spend two years in prison and still owe a tax bill of almost $10 million.  There has to be a better way.

If you have a foreign bank account, hopefully you have heard about FATCA. FATCA enables the long arm of the US Treasury to require foreign entities to report offshore tax monies and assets held by US taxpayers to that agency.

In response to the COVID-19 crises, the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act gives business owners and individual taxpayers some relief from the sudden shock of a stalled economy. In addition to understanding...

A new British levy is expected to raise £100m to fund anti-money laundering efforts in the United Kingdom.