Tax Law Blog

Taxes are difficult. It is easy for anyone to make a mistake when attempting to file taxes, but what makes the difference between an honest mistake and a crime? The following helps to answer this question.

The Internal Revenue Service (IRS) was recently accused of “flagging too many legitimate tax returns as potentially fraudulent.” The accusations were made by a taxpayer advocate within the agency, who also stated that “taxpayers are unduly burdened...

A business man and his accountant have been indicted on a laundry list of tax violation charges including filing false corporate tax returns, failing to file a corporate tax return, evading individual income tax liabilities, corruptly endeavoring to...

Think tax crimes only result in a monetary penalty? That after paying off a fine the accused is free to continue on as before? Think again. A recent case involving a famous rapper draws attention to the fact that tax crimes can result in...

Small business owners may write off business expenses that are “ordinary and necessary.” There aren’t limits and net losses can offset other forms of income like salaries and wages. Losses can even carry over to future years. When business expense...

Last week, a federal grand jury handed down an indictment of a former CPA charged with wire fraud, bank fraud, money laundering and tax offenses. The defendant embezzled money from a dissolving company as well as from an elderly client, while she...

Wouldn't it be nice to not have to pay taxes? One Florida salesmen thought so and gave it a try for over a decade. When he almost got caught, he formed a new corporation to cover up his evasion, and continued to claim personal expenses, like a...

The sharing economy is big business. From Airbnb to Uber, entrepreneurs are taking advantage of opportunities to make some money by using their own property to benefit others. In some cases, states require a tax on these services. In others, states...

There are those in the world that thrive on cheating others out of money. Fraudulent scams are not a novel concept, but the methods used to perpetuate these schemes often change. The Internal Revenue Service (IRS) is attempting to reduce the risk of...

A North Carolina man has been sentenced to 43 months of prison time for tax evasion. Oddly enough, this gentleman ran a tax consultancy business for the last 24 years, and that was after 12 years of being employed as an IRS Revenue Officer. He used...