Tag: Tax Penalties

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IRS Sign
Did You Receive IRS Letter 6174, 6174-A, or 6173?

If you received an IRS crypto warning letter, you should call us sooner rather than later.

IRS Voluntary Disclosure Program
IRS Voluntary Disclosure Program
The IRS Voluntary Disclosure Program (VDP) gives taxpayers a chance to avoid criminal tax charges by [...]
FBAR Penalties: Late Filing and Non-Filing, Delinquent FBARs
FBAR Penalty: Non-Filing and Other Violations
The FBAR penalty—whether you fail to file or file inaccurately—can be serious, including hefty f [...]
I'm Being Audited by the IRS. What Should I Do?
Audited by the IRS: What to Do Next
First, don’t panic. If you got a letter from the IRS, are freaking out, and need to speak with som [...]
Mobile Tax Law: Venmo Tax Implications
If Your Business Uses Venmo, Read This Now
Why is Venmo Blowing Up? Released by PayPal in January 2018, Venmo’s instant, person-to-person tra [...]
Tax Law: Accidental Americans international tax amnesty
International Tax Law: Tax Help for “Accidental Americans”
Several weeks ago, we discussed the IRS’ amnesty program for a slim sector of ex-pats and so-calle [...]
Crypto Tax Law: International Evasion Task Force
International Crypto Tax Force Hunting Evaders and Money Launderers
IRS representatives met with tax authorities from the U.K., Australia, Canada, and the Netherlands. [...]
FBAR Law: IRS Sues woman for FBAR violations
Let This FBAR Case Be a Cautionary Tale To People With Overseas Accounts
The IRS won a 120-million-dollar FBAR lawsuit. Every person with $10,000 or more in overseas account [...]
Cryptocurrency Law: IRS added crypto to Form 1040
Crypto Tax: New Form 1040 Include Cryptocurrency Section
The Internal Revenue Service released a new Form 1040 draft — and Schedule 1 (Additional Income an [...]