Individuals may be charged with either a criminal or civil offense if they are suspected of tax fraud. The nature of the charge against them will determine the potential consequences they face and the possible defenses that an experienced tax...

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The Internal Revenue Service (IRS) and United States Department of Justice (DOJ) are continuing their crack down on tax compliance for those who are avoiding their obligations through the use of foreign bank accounts. The most recent efforts involve...

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The Internal Revenue Service (IRS) does not take the requirement that taxpayers actually stay in compliance with tax laws lightly. This was recently highlighted in a case involving a hospital that lost its charitable status. This translated to a...

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Ohio has had some interesting tax news in recent weeks. One piece that has received media attention involves recent reports about income tax revenue in the state, the other a proposal that could impact the state’s sales tax.

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Not having a firm grasp on all the financial happenings within our country is common. There are many different agencies, departments and groups that play vital roles within our nation’s economic health. One such agency currently getting attention...

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An Alaskan oncologist is facing some severe charges stemming from filing false tax documents, making false statements, taking inappropriate tax deductions, and obstruction charges. He also established a non-profit that used to fill his personal...

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He was an apparently savvy emeritus professor of business administration. Dan Horsky amassed a fortune of $200 million by investing in start-ups, according to an article in the Wall Street Journal. However, Horsky recently paid half of that -- $100...

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Their names and acronyms might not roll off of the tongue, but there is no denying the importance of the American Institute of Certified Public Accountants (AICPA), Internal Revenue Service (IRS), the Financial Crimes Enforcement Network (FinCEN)...

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Some certified public accountants help businesses structure transactions and some attorneys prepare income tax forms. The lines between the two professions can blur but a CPA-lawyer says it is important to understand distinctions that separate the...

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The Internal Revenue Service and Department of Justice are on a never-ending crusade to end tax evasion. As part of their ongoing efforts, they recently announced proposals to make the banking system more "transparent."

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