IRS

April 3, 2020

IRS Provides Relief to Certain Individuals with Foreign Trusts – What it May Mean for You

Revenue Procedure 2020-17 and Background On March 16, 2020, the Internal Revenue Service (IRS) published Revenue Procedure (Rev. Proc.) 2020-17 which grants certain eligible individuals exemption […]
March 28, 2020

Federal Court Orders Business Owner to Pay Over Employment Taxes and File Returns

According to a Department of Justice press release, a federal court recently ordered a taxpayer to start accounting for and paying over employment taxes to the […]
March 27, 2020
Photo by Christine Roy on Unsplash

Alabama Automobile Industry Consultant Pleads Guilty to Tax Evasion, Faces Lengthy Prison Sentence

According to a Department of Justice press release, an Alabama man recently pleaded guilty to tax evasion and now faces several years in federal prison. This […]
March 26, 2020
IRS building

Treasury Secretary Indicates That High-Earnings Individuals Are in IRS Crosshairs

In comments made to lawmakers in the House of Representatives earlier this month, Treasury Secretary Steven Mnuchin indicated that the IRS would be ramping up enforcement […]
March 25, 2020

Los Angeles Businessman Convicted by Federal Jury, Faces Decades in Prison

Today’s story reads right out of a Hollywood screenplay. A Los Angeles businessman funds a small empire of ventures and a lavish lifestyle with a white-collar […]
March 23, 2020
Owing on Your Tax Return—What Should You Do If You Cannot Pay it Off?

Repeat Non-Filer Pleads Guilty to Tax Evasion, Faces Lengthy Prison Sentence

According to a Department of Justice press release, a repeat non-filer recently pleaded guilty to one count of tax evasion. Although continued non-compliance may appear tempting […]