Tax Law Blog

In a recent statement to the House Committee on Financial Services, the Director of FinCen explained its mission and purpose in enacting the Corporate Transparency Act (CTA) which became effective at the first of this year.

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).

If you own digital assets, or you are just interested, it is a good idea to understand how the Internal Revenue Service (IRS) looks at this type of property.

At the federal and state level, some lawmakers are working to raise taxes for the wealthy.

A $14,729 tax bill is at the root of a U.S. Supreme Court Case that poses a question of whether income must be realized to be taxed.

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

The claims of investors in the FTX bankruptcy remain uncertain pending the resolution of a $24 billion claim by the Internal Revenue Service (IRS).

In a last-minute deal, Columbian pop star Shakira settled her case involving criminal tax charges brought by Spanish prosecutors.

As we usher in the new year of 2024, it's the perfect moment to wrap up our IRS: CI Top Ten Tax Fraud list. To round off the year, we'll delve into the number one tax fraud from the IRS: CI's compilation of the most notable tax frauds in 2022.

Stolen personal identifying information (PII) allowed an international crime ring to obtain millions of dollars in tax refunds from the U.S. Government.