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Willful Tax Fraud - Crime Scene Tape on 1040 Form

IRS Seeks Prison Time for Willful Tax Fraud

It can sometimes feel like the Internal Revenue Service (IRS) is out to get taxpayers who don’t know the rules. But a recent federal court indictment, if proven true, will show that sometimes taxpayers know exactly what they are doing when they com… Read More
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Private IRS Debt Collectors Tear Up Rules

Private IRS Debt Collectors May Have Broken Federal Law

In April 2017, the IRS began using private debt collectors to pursue unpaid back taxes. But after only two months, it appears at least one of the contractors may have broken federal law to get the job done. 2015 Law Allows for Private IRS Debt Collec… Read More
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Categories: IRS Debt Collection
Tax Audit in Red

Taxpayers Beware: CPA Advice May Not Stop FBAR Penalties

Taxpayers across the country rely on advice from their accountants and CPAs to meet the complicated requirements of the U.S. Tax Code. But a case currently pending in the U.S. Court of Federal Claims suggests that CPA advice may not be enough to stop… Read More
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Scissors Cutting Words Income Tax: Family Caregiver Exemptions

Family Care Givers: Are You Missing IRS Tax Exemptions?

Family care givers charged with providing non-medical support to a parent, child, or other relative often face tough financial situations. When that’s the case, the IRS tax exemptions for Medicaid and foster care providers could offer some much… Read More
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Categories: Tax Exemptions
International Currency, Globe, Calculator Symbolizing Taxes of Covered Expatriate

Covered Expatriates May Still Have to Pay U.S. Taxes

The number of people leaving the United States for good is on the rise. However, just because ex-pats turn in their passports doesn’t mean they can throw away their U.S. tax forms. Find out whether you could be considered a “covered expat… Read More
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Categories: Tax News
Red Check Mark: Revoked

IRS Passport Revocation Raises Questions, Problems for Taxpayers

Starting in 2017, the IRS and State Department will be revoking passports for taxpayers with seriously delinquent tax debt. But the process raises questions and problems for individuals and tax preparers alike. Find out what to watch out for with thi… Read More
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Categories: Tax / IRS Penalties

Could Unpaid Taxes Cost You Your Passport?

Unfortunately, yes: you can lose your passport for unpaid taxes. A new law allows the IRS and the State Department to revoke a taxpayer's passport if he or she has "seriously delinquent tax debt." Find out how you could be affected / when you can… Read More
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Categories: Tax / IRS Penalties
Tax Deadline April 18, 2017 Circled on Calendar

IRS "Reminders" Issued Days Before Filing Deadline

The tax filing deadlines have passed, and with them the updated deadlines for the disclosure of foreign bank accounts and financial assets. In the last days before the filing deadline on April 18, the IRS issued “reminders” that could hav… Read More
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Businessman Handcuffed for Tax Penalities

Concealed Foreign Accounts Send Businessman to Prison

When a California businessman’s Israeli bank accounts came to light, it revealed a decades-long conspiracy to hide assets that has aspects of a Hollywood movie. When the case was closed, the taxpayer was looking at 24 months in prison and milli… Read More
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Categories: Tax / IRS Penalties
IRS Dirty Dozen: Number 12 on dirty license plate

Offshore Accounts Make IRS Dirty Dozen, Again

Every year, the Internal Revenue Service (IRS) lists its “Dirty Dozen” — those behaviors that they say are the worst tax scams of the year. Offshore accounts have made the list again. But with proper reporting, there is nothing illegal… Read More
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Categories: Tax / IRS Penalties

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