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Section 7212 of the Internal Revenue Code makes it possible for the government to take action against individuals who attempt to to interfere with a federal government officials capacity to enforce the code.

If you have a company that is owned or operated by an American individual living abroad, you may qualify for tax filings that can limit your companies liability.

A new law set to take effect January 2023 may reduce a cryptocurrency holders' ability to evade paying taxes on their holdings and transfers.

Currency violations are an umbrella terms used to cover a broad range of crimes that the Internal Revenue Service can charge you with if they determine you fall within their definition.

Tax fraud or negligence? Both are concerning assessments the Internal Revenue Service can make if they find an issue on your filed return. But how does the IRS determine what to allege on the your return...

The Internal Revenue service considers tax liability community property, meaning one spouse can be held liable for what the other owes to the IRS after marriage.

We could see an increase in criminal charges as the Internal Revenue Service scrutinizes tax-deferred retirement accounts for potential fraud.

If you are facing an audit after a recent move to Puerto Rico, this could be due to the Internal Revenue Services increased examination of U. S. citizens who have moved to Puerto Rico and claim to be exempt from paying U.S. taxes.

Filing for bankruptcy, in some cases, may be a way for you to discharge some of your tax debt on state and federal levels. But there are aspects that need to be considered in order to determine if the tax debt is dischargeable or not. For example, in most cases federal tax debt can be discharged if the returns need to be filed on time and the debt needs to be at least three years old.

The corporate transparency act is a new federal disclosure requirement for companies requiring companies to be identify their beneficial owners. The act is to assist law enforcement and local agencies discover who are beneficial owners of corporations to prevent them from disguising any illegal acts made by the corporation.

Because foreign trusts have different taxation requirement, it is important to note the difference between a U.S. domestic trust and a foreign trust. There are a couple tests you can use to make this distinction, one is by determining if a U.S. court has jurisdiction over the trust and another is by determining who holds the decision making powers for the trust. Knowing the difference helps to comply with tax requirements for foreign trusts.

Receiving a tax lien notice against your property can be extremely stressful. But there are several ways depending on your situation and the severity of the lien,, that can be utilized to remove the lien against you.

Recently we have seen an increase in IRS Letter 4523, informing tax preparers they intend to conduct a comprehensive interview regarding concerns about returns they've prepared within the last three years. The preparer may face a penalty depending on the IRS's determinations. It is important to understand your options should you receive an IRS Letter 4523.

Knowing what to disclose and why you are disclosing certain information on your tax returns is important, as these disclosures have the potential to result in penalties if reported incorrectly.

With the passing of the Corporate Transparency Act (CTA) in 2019, the Financial Crimes Enforcement Network has begun constructing new regulations to enforce the CTA's rule. This may now mean, that businesses will be required to report the "beneficial owner" of the companies.

The IRS is increasingly going after cryptocurrency owners for failure to report their crypto income, and they are doing so with new methods of investigation for tracking cryptocurrency exchanges.

If you have received an IRS audit notice, you may feel alone, but you're not. Consider having an account to help prepare and review your returns to help you understand potential catalysts for error. Hiring a tax attorney will better assist you in protecting yourself from any liability.

As we continue to work in a COVID-19 world, working from home seems to be the new normal for most people. If you have transitioned out of the office to work from home, you may be eligible for home-office deductions.

If you have foreign investments or accounts, you nay be responsible for filing a Report of Foreign Bank and Financial Accounts (FBAR). Failure to file may result in civil and criminal penalties.

The IRS has begun to use "John Doe summons" in order to find out customer information for those who have cryptocurrency-related earnings. But what does this mean for crypto investors?

You may wonder what you need to do should you ever receive a large gift from a foreign person or family member. If the gift exceeds a certain amount you may be required to report it, and could face penalties if you don't.

Unpaid tax obligations may results in a tax lien against your property may hinder you from obtaining a home loan. However, the lien does not mean you don't have options.

Criminal enforcement is up, and increasingly on the rise.

The IRS has announced that they will now be sending employees to bankruptcy proceedings to represent the IRS's interest.

Th IRS thinks of cryptocurrency as another kind of property you may own, such as a stock or a car. Therefore, you will need to report any gains or losses on your returns.