January 15, 2019
How to Avoid Personal Liability and Protect Your Business from Creditor attempts to Pierce the Corporate Veil

How to Avoid Personal Liability and Protect Your Business from Creditor attempts to Pierce the Corporate Veil

There are countless issues to consider and plan for when starting a new company – particularly here in the state of California, where businesses are regulated […]
January 14, 2019
Rules and Requirements for Reporting Foreign Trusts to the IRS

Rules and Requirements for Reporting Foreign Trusts to the IRS

If you are the trustee, grantor, or beneficiary of a foreign trust, you may need to report certain financial information to the Internal Revenue Service (IRS), […]
January 4, 2019
Can the IRS Assess Additional Taxes After Fraud is Exposed?

Can the IRS Assess Additional Taxes After Fraud is Exposed?

As any taxpayer who has been audited by the IRS already knows from firsthand experience, there are only two ways an examination can resolve: either with […]
December 21, 2018
Hawaiian Business Owner and His CPA Convicted in Tax Scheme

Hawaiian Business Owner and His CPA Convicted in Tax Scheme

According to a Department of Justice press release, a federal jury convicted Wagdy Guirguis and Michael Higa of conspiracy to defraud the United States, in addition […]
December 20, 2018
IRS Large Business & International (LB&I) Division Announces 5 New Compliance Campaigns with Focus on Foreign Reporting

IRS Large Business & International (LB&I) Division Announces 5 New Compliance Campaigns with Focus on Foreign Reporting

The Internal Revenue Service is comprised of numerous divisions, such as its Criminal Investigation Division (IRS-CI) and Civil Examination Division (CED). For large corporations and pass-through […]
December 17, 2018
tax fraud

IRS Increasing Fraud Penalties Under New Voluntary Disclosure Guidelines

In 2009, the IRS introduced the Offshore Voluntary Disclosure Program (OVDP), which enabled taxpayers to receive reduced penalties – notably, protection from criminal liability – for […]