Learn how to determine your taxable income.

Read More

An inheritance that includes a savings account at a foreign bank may not seem any different from a US Bank checking account. Or if you have married a Norwegian man or woman who is now a U.S. citizen and you have a joint account in Norway that you...

Read More

Clariden Leu AG, Switzerland's oldest private bank, recently informed its American customers that it will begin turning account information over to the United States Department of Justice, providing the names of clients who may be involved in tax...

Read More

CHICAGO — The owner of a cemetery monument business in Skokie was charged with federal tax evasion for allegedly failing to report all of his income, including money he held in a secret offshore financial account with UBS, a global financial...

Read More

Sloppy accounting is no excuse when the Internal Revenue Service audits a company. IRS investigations looking at payroll tax problems are complex and costly. Business owners who fail to account for wages paid or withhold employee payroll taxes could...

Read More

A failure to pay payroll taxes can lead to serious penalties, including potential criminal charges.

Read More

The Internal Revenue Service (IRS) is preparing another crackdown on unreported foreign accounts. A new law, the Foreign Account Tax Compliance Act, will take effect in January and require foreign banks to disclose to the IRS the presence of...

Read More

If the government is accusing you of wrongdoing, it is normally up to them to prove it. Yet, under a new IRS initiative targeting small businesses, many taxpayers are seemingly being asked to prove their innocence. If you are one of these taxpayers,...

Read More

The government has issued strict penalties to those hiding illegal offshore accounts, ranging from monetary fines to prison sentences. There are many types of offshore tax issues, and the Internal Revenue Service (IRS) tends to view them all...

Read More

The Kabbalah Centre, a Los-Angeles based, not-for-profit spiritual organization that studies Jewish mysticism, is under investigation for federal tax evasion by the Criminal Investigation Division (CID) of the Internal Revenue Service. The IRS'...

Read More