Tax Law Blog

Some tax return errors are mistakes, some are not. How do you know where you stand with the Internal Revenue Service (IRS) if you think there is a mistake on your personal or business returns, or if you know there is an intended error on your tax...

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.

A well-structured offshore trust can protect assets, grow wealth, and avoid unnecessary taxes. If you are considering an offshore tax haven, it is important to understand the issues involved with moving assets offshore.

The U.S. Treasury Department recently announced that a law aimed at increasing corporate transparency and reducing money laundering will not be enforced.

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.”

While living abroad may be an adventure for U.S. expatriates, it does not relieve the annual filing of a tax return or the filing of a Report of Foreign Bank and Financial Account (FBAR).

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....