IRS Gets an $80 Billion Budget Increase
The Inflation Reduction Act gives the IRS an additional $80 billion per year to increase services and collections.
Tax Fraud
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Innocent Spouse Relief
For married couples filing joint tax returns, “through thick and thin” can refer to more than just wedding vows. You’re
July 21, 2022
IRS Voluntary Disclosure Program
The IRS Voluntary Disclosure Program (VDP) gives taxpayers a chance to avoid criminal tax charges by submitting their late or corrected tax returns and agreeing to pay the penalties.
July 8, 2022
FATCA Reporting: Filing Form 8938
Offshore accounts were once the go-to option for Americans who wanted to hide money from Uncle Sam. Those days are
June 16, 2022
IRS Adds Crypto to Voluntary Disclosure Program
Revised guidelines create a clear pathway for those with criminal concerns regarding unreported crypto.
February 23, 2022
How Far Back Can the IRS Audit You?
Normally, the IRS can go back 3 years to audit you, but they can sometimes go back 6 years or indefinitely. Learn why from our tax lawyers.
May 21, 2021
CP2000 Crypto Letter from the IRS: How to Respond
Did you receive a CP2000 letter about cryptocurrency taxes? We can help!
November 24, 2020
International Crypto Tax Force Hunting Evaders and Money Launderers
IRS representatives met with tax authorities from the U.K., Australia, Canada, and the Netherlands. Together, they identified “dozens” of potential
December 12, 2019
Crypto Tax: IRS Turns Focus Towards Bitcoin ATMS
The IRS finally wrapped its head around the cryptocurrency ecosystem, and now it’s looking to squeeze every tax dollar out
December 9, 2019
Crypto Tax: New Form 1040 Include Cryptocurrency Section
The Internal Revenue Service released a new Form 1040 draft — and Schedule 1 (Additional Income and Adjustments to Income)
October 18, 2019
Are U.S. Lawmakers About to Crush the Cryptocurrency Industry?
Will US lawmakers bungle the burgeoning blockchain industry by amending a 50-year-old law so it covers cryptocurrency transactions? Rumblings around
September 30, 2019
International Tax Law: Amazon Wins $1.5 Billion Tax Battle with IRS
Amazon crushed the IRS in court. The online retailer and the tax agency clashed over transactions with Amazon’s Luxembourg subsidiary
September 9, 2019
What Effect Did Mnuchin’s LIBRA Comments Have on the Crypto Market?
LIBRA, Facebook’s proposed cryptocurrency, has Capitol Hill buzzing. Politicians from both sides of the aisle have voiced concerns. The President
August 9, 2019