Tax Law Blog

He was an apparently savvy emeritus professor of business administration. Dan Horsky amassed a fortune of $200 million by investing in start-ups, according to an article in the Wall Street Journal. However, Horsky recently paid half of that -- $100...

Here in our tax law blog serving readers in Chicago, Cleveland and across the U.S., we have repeatedly reported on the Internal Revenue Service’s attempts to crack down on tax evasion. One of the more publicized efforts has been the agency's pursuit...

Their names and acronyms might not roll off of the tongue, but there is no denying the importance of the American Institute of Certified Public Accountants (AICPA), Internal Revenue Service (IRS), the Financial Crimes Enforcement Network (FinCEN)...

As our days cool, darken and shorten, our thoughts will often turn to warmer places where the sun is bright and hot. Places where Americans tired of winters not only vacation, but sometimes take up residence.

The grip the Internal Revenue Service has on foreign banks continues to strengthen. More evidence of that was supplied by Switzerland's announcement that it is going to disclose account information from HSBC Holdings Plc to the IRS.

The pressure put on taxpayers with foreign holding by the Internal Revenue Service appears to be paying off. The federal agency recently reported that foreign back account report filings rose more than 8 percent last year, passing the 1 million mark.

In the middle of heated presidential campaigns, people will sometimes vow to move out of the country if Candidate X or Candidate Y is elected. Most of these pledges are never carried out, but for those who are sincere about leaving the United States...

Accusations, insults and allegations are hurled back and forth between political parties during this heated election season. So it is nice to see politicians take a breather and pause, if only briefly, to agree on something.

Rowen Seibel is probably not a household name, unless your household is fascinated by the exploits of reality TV's culinary icon Gordon Ramsay. He and Seibel are suing each other disagreements in their partnership in several restaurants.

If you have an interest in or authority over a foreign bank account, trust, mutual fund or brokerage account that has more than $10,000 in it, you are required to file a Report of Foreign Bank and Financial Accounts (FBAR) with the Internal Revenue...