Tax Law Blog

The Internal Revenue Service (IRS) recently announced relief from penalties in certain cases for tax years 2019 and 2020. If you filed your return prior to September 30 of this year, you may see a failure to file (FTF) penalty removed from your...

The Senate Finance Committee recently released an investigative report that identifies a loophole allowing offshore banks to accept and hold funds for U.S. taxpayers without reporting to the IRS.

One of the most common elements of a fraudulent income tax return is a claim for unqualified dependents. So—who can you claim?

The Inflation Reduction Act of 2022 was recently signed into law. Besides the headlines, what does that mean to you?

Crypto has had a tough go of it lately. Smaller investors have lost life savings while larger investors nervously sit tight. Behind the up-and-down headlines, the Internal Revenue Service (IRS) is quietly pursuing Operation Hidden Treasure.

Time and time again, Ponzi schemes seem to resurface in this blog. But in this particular fraud case, it hits a little closer to home since over 70 Ohio residents were taken in by this scam.

Is failure to file disclosures of offshore tax a criminal tax crime? It depends.

The Report of Foreign Bank and Financial Accounts (FBAR) is filed annually. While the FBAR was due on April 15, it is not filed as part of a personal income tax return. For those filing late, the Internal Revenue Service offers an automatic...

McDonald’s has agreed to pay French tax authorities $1.3 billion to settle civil and criminal cases against the company.

If you are working with Internal Revenue Service (IRS) on a payroll tax dispute, it is important to understand the Trust Fund Recovery Penalty (TRFP).