» Tax / IRS Penalties

On October 31, 2017, it was announced that Trump adviser Paul Manafort and his assistant Richard Gates were indicted in federal court on charges of conspiracy, tax fraud, and FBAR reporting felonies. These charges were some of the first arising from… Read More

Could lazy records keeping or document retention result in felony tax obstruction charges? Could not following an accountant’s advice land a business owner in prison? If the Supreme Court of the United States upholds a recent Second Circuit dec… Read More

When U.S. taxpayers find themselves in dispute with the Internal Revenue Service (IRS) they can face confusing processes, a rotating roster of agents and employees, and an often opaque decision making process that can make them feel outnumbered and i… Read More

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

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

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

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

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