Tag: Tax Penalties

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Tax Law: What is the IRS audit window
How Far Back Can the IRS Audit You?
The mere mention of the word “audit” gives most taxpayers the chills. So let’s talk ab [...]
IRS Announces New Foreign Reporting Rules for CFC Shareholders
Do you own stock in a controlled foreign company? Did the repeal of section 958(b)(4) affect you? If [...]
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 wi [...]
Help! The IRS Suspended My Passport Over Unpaid Taxes!
You may have trouble obtaining or renewing a passport if you owe federal taxes. But fear not, we hav [...]
If You’ve Been Using Cryptocurrency To Hide Money, Read This Right Now!
If you’re involved in the cryptocurrency world, it’s important to acquaint yourself with [...]
FBAR Law: Doctor Possibly Dinged Millions Over POA Misunderstanding
Here’s another reminder to people with foreign bank accounts and holdings: Submitting FBAR paperwo [...]
IRS Letter 6174-A: Uncle Sam is Officially on the Hunt for People Not Properly Reporting Crypto Transactions
Not to be those people…but we told you so. Cryptocurrency Tax Letter 6174-A: IRS on the Hunt for V [...]
You’ve Been Warned: The IRS Is On The Hunt for Crypto Tax Evaders
Gary “Silk Road Sheriff” Alford was instrumental in catching online drug cartel kingpin Ross Ulb [...]
FBAR Defense: “I Didn’t Know” Usually Doesn’t Work
A former pharmaceutical CEO must fork over nearly seven figures for failing to comply with FBAR regu [...]