Tax Law Blog

Act 60 is a framework to attract investment and business to Puerto Rico by providing lucrative tax breaks. The initiative has gained a lot of attention, more recently from the Internal Revenue Service (IRS).

As the fourth quarter of 2025 wanes, it is worthwhile to maintain focus on documentation needed for the upcoming tax season, such as receipts.

Rare as it may seem, a bipartisan group of legislators has agreed to introduce legislation that would require those who deal in the sale of art to operate under the Bank Secrecy Act (BSA).

The Internal Revenue Service (IRS) Security Summit occurred again this year, providing updates, tips, and regulatory reminders to tax professionals and other attendees.

If you have engaged in tax evasion or other willful noncompliance, the IRS Criminal Investigation Voluntary Disclosure Practice (IRS-CI VDP) may provide a narrow window to mitigate the consequences. The program offers taxpayers an opportunity to...

Sworn in following confirmation by the Senate in early June, Billy Long is the 51st Commissioner of the Internal Revenue Service (IRS).

For most mistakes, minor infractions, or errors, the Internal Revenue Service (IRS) will assess a penalty with interest. If the IRS believes a tax crime was committed, the outcome could be different.

Even as the regulatory environment in Washington eases, a top tool of the Internal Revenue Service—the Suspicious Activity Report (SAR)—is receiving more attention these days. What is a SAR and why is it important to the IRS?

While the name is pretty vanilla, a “John Doe” summons is an important tool when the Internal Revenue Service (IRS) is looking for taxpayers who may be involved in tax evasion.

Continuing our countdown of the IRS Criminal Investigation (IRS: CI) top ten tax crimes of 2024, we take a look at a politician nabbed for influence peddling and tax fraud, along with a case involving drug trafficking with ties to terrorism.