Tax Law Blog

Here is a pop quiz question:  Do you need to report anything to the Internal Revenue Service about transactions or earnings in virtual currency?  The answer:  The IRS says “yes.”

A resort and spa operator is going to need some of his own R & R after pleading guilty to filing false tax returns and failing to pay nearly $2 million in taxes in Arizona. 

Here’s something you do not see very often—individuals who claim income as household help in order to commit tax fraud.  The dodge earned a North Carolina tax preparer a lot of trouble and more than ten years in prison.

For the fourth consecutive year, abusive tax shelters are on the annual “Dirty Dozen” list posted by the Internal Revenue Service (IRS).

Late in 2017, the Internal Revenue Service (IRS) rolled out a second set of campaigns to complement its strategic Large Business and International Compliance Campaigns (LB&I). 

In an effort to address international offshore tax evasion and avoidance, the European Union (EU) created a blacklist in December 2017 that identified 17 countries and put 47 more on a “gray list” for failing to meet international standards of...

A 62-year old insurance broker is going to prison for eight months for failing to file taxes. In a case similar to those that often occur across the country, this Connecticut resident failed to report a significant portion of his income and was...

An industry that vies for attention is receiving unwelcome scrutiny from tax authorities in Italy.

Financial misconduct in cash-heavy businesses continues to draw scrutiny from federal investigators, especially as the IRS sharpens its focus on underreported income, structured transactions, and payroll irregularities. Cases involving painters,...

One of the defining aspects of President Donald Trump’s presidential campaign was his focus on changing tax laws. With the lack of progress on repealing Obamacare, the President turned his attention to tax reform. Both the Senate and the House have...