January 19, 2018
Massachusetts Restaurateur Sentenced to Two Years in Prison for Multimillion-Dollar Tax Fraud Scheme

Massachusetts Restaurateur Sentenced to Two Years in Prison for Multimillion-Dollar Tax Fraud Scheme

On October 2, 2017, Swansea, Massachusetts-based restaurant owner and temp agency operator Souleang Kane, 48, pleaded guilty to nearly two dozen counts of assorted financial crimes […]
January 19, 2018
U.S. Treasury Department Partners with IRS to Enforce Stricter Bitcoin Regulations

U.S. Treasury Department Partners with IRS to Enforce Stricter Bitcoin Regulations

Throughout 2017, lawmakers and IRS agents worked to tighten existing regulations governing cryptocurrency transactions, notably large transactions made using the virtual currency Bitcoin, which has recently […]
January 11, 2018
How Little-Known “Structuring” Laws Could Cause You to Lose Money to the IRS

How Little-Known “Structuring” Laws Could Cause You to Lose Money to the IRS

Imagine yourself being stopped by a police officer while driving home from work. You have committed no crimes or traffic violations, but unfortunately, this is no […]
January 10, 2018
Iowa Businessman Pleads Guilty to Tax Evasion, Faces Up to Five Years In Prison

Iowa Businessman Pleads Guilty to Tax Evasion, Faces Up to Five Years In Prison

According to a press release published by the Department of Justice, Iowa businessman Michael Collins, 49, pleaded guilty to a single count of tax evasion in […]
January 1, 2018
Newark Political Fundraiser Convicted of Tax Evasion, Wire Fraud

Newark Political Fundraiser Convicted of Tax Evasion, Wire Fraud

On November 20, 2017, Kiburi Tucker, 42, former political fundraiser and executive director of Newark-based child-care center The Center, pleaded guilty in Newark federal court to […]
December 29, 2017
Will I Be Audited by the IRS if I Use Coinbase to Buy, Sell, or Store Bitcoins?

Will I Be Audited by the IRS if I Use Coinbase to Buy, Sell, or Store Bitcoins?

The cryptocurrency or virtual currency “Bitcoin” has exploded in value since its debut, skyrocketing from fractions of a cent in 2010, when it was traded for […]