Tax Law Blog

Offshore tax havens, foreign bank accounts, and shell companies are legitimate tools often used for wealth management, asset protection, and tax planning. For many, these strategies provide essential support in navigating complex global financial...

Investigation into the Employee Retention Credit (ERC) remains a focus of the Internal Revenue Service (IRS). The agency recently reopened the disclosure program for businesses seeking to address improperly filed ERC applications and avoid a future...

Each year, the Internal Revenue Service (IRS) compiles a list of prominent tax schemes that scammers use to exploit individuals and businesses. These schemes can arrive through email, text messages, and even traditional mail. This year, the IRS has...

If you have a foreign bank account, hold assets or have an interest in an offshore tax account, you are required to file a Report of Foreign Bank and Financial Accounts (FBAR). If you failed to file in the last year, the Internal Revenue Service...

The Department of Treasury is taking aim at the basis-shifting practices of partnerships.

Nonresidents of New York State may be asked to pay taxes if New York state decides they are spending enough time in the state to qualify.

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.

Each year, the Internal Revenue Service (IRS) releases an annual list of the schemes and scams being used against U.S. taxpayers every day. It's called the Dirty Dozen. The list is of interest to those who want to avoid being scammed and to those...

If you receive a letter from the IRS notifying you of an audit, you may not be too worried. If you did a good job on your taxes and have a pretty good idea of your reporting, there is not an enormous reason to sweat. If you know there is potential...

If you work remotely in New Jersey for a New York employer, you can avoid the hassles of commuting and possibly congestion pricing if it is ever enacted. But you are probably still paying personal income tax to New York.