Tax Law Blog

Tax evasion means jail time for many individuals. One couple is now looking at 15 years imprisonment for alleged tax evasion. What is unusual about this particular case is that the pair was running a tax preparation business.

When it comes to some celebrities, the phrase more money, more problems seems to definitely apply. The IRS doesn't care who you are or how famous you are. If the federal government believes you owe it money, it will take action to recoup the amount...

The full and widespread effects of the U.S. federal government's attempts to crack down on foreign asset and account holders are being felt around the world. The Foreign Account Tax Compliance Act calls upon foreign governments and financial...

Small business owners are often credited with serving a vital role in the U.S. economy and providing for both its stability and growth. While small business owners took a tremendous financial hit during the recent recession, many fought back and...

State and federal agencies take allegations of tax crimes, including tax evasion, very seriously. In many cases, there seems to be no limit to the efforts spent on identifying fraud and then holding the accused responsible. Agencies including the...

We've previously provided information related to some of the new IRS requirements concerning reporting the existence of foreign accounts and assets. We also discussed how individuals who fail to comply with these new regulations can own up to and...