Tax Law Blog

Recent research suggests that those who have the most money tend to pay the least amount of their earnings to the Internal Revenue Service (IRS).

A year into the pandemic, bankruptcy remains an important option for business owners and operators.

The Internal Revenue Service is perennially concerned with employment taxes. There are a myriad of ways a payroll tax issue can quickly turn into tax fraud.

During tax season, FBAR and FATCA reporting impacts US persons who have foreign bank accounts or offshore tax holdings. So, what does that mean?

Coordinated legal action and lender approval helped a North Carolina-based department store exit Chapter 11 bankruptcy in one day.

Tax fraud involving fraudulent tax returns takes down another tax preparer—this time an examiner for the IRS.

As most people know, failure to file an income tax return can cause trouble—or you might not get a refund that is owed to you.

Avoid an IRS audit by knowing what you can–and cannot—deduct this year. The Domestic Production Activities Deduction (DPAD) is likely not a good candidate.

As a business owner, it is easy to slip into questionable business practices. When it becomes a slide, it is important to know what can happen—and where to get help.

The Internal Revenue Service (IRS) plans to boost the number of small business audits it performs in 2021.