Tax Law Blog

To the dismay of those with foreign business holdings, the Supreme Court of the United States (SCOTUS) upheld a transition tax on the unrealized profits of foreign business entities owned by American taxpayers.

Saving the best for last, the top two IRS:CI tax fraud matters of 2023 take a broad swipe at a multitude of IRS regulations from failure to file an FBAR report to money laundering, and tax fraud based on biofuel tax credits.

The Internal Revenue Service (IRS) is using its historic underfunding to explain why it has failed to pursue high-asset Americans taking unlawful advantage of tax breaks in Puerto Rico.

Banking offshore can save you money or lead you down a path to a potential tax crime. How does that happen?

An increased IRS budget and a court ruling against the agency are of interest to those who file a report of Foreign Bank and Financial Accounts (FBAR).

The 2024 filing season is now open. The Internal Revenue Service (IRS) began accepting tax returns in late January. It is time to connect with your tax professional to collect, review, and create the appropriate returns.

The Swiss institution, Banque Pictet, has admitted to helping U.S. taxpayers hide billions in undisclosed accounts.

Amazon notched a win in a fractious battle with the EU regarding its tax relationship with Luxembourg, its European headquarters.

Passed by federal legislators in 2022, the Corporate Transparency Act (CTA) takes aim at deterring tax fraud and money laundering. The Act went into effect on the first day of 2024.

Living abroad and considering foreign investment funds? Take a good look at potential liabilities before you invest.