IRS Audits

August 5, 2020

Audits Were Temporarily Put on Hold Because of Covid-19, but High-Net-Worth Taxpayer Audits may be Coming

The Covid-19 pandemic has disrupted almost every aspect of our society, and the IRS has been no exception. For a while, IRS field offices were closed […]
May 28, 2020

What Factors Are Likely to Lead to a High Stakes IRS Audit?

Every year, many U.S. citizens and U.S. businesses prepare their tax returns properly and honestly and are nonetheless become subjected to invasive IRS audits on a […]
April 17, 2020
attorney tax evasion

Florida Businessman Pleads Guilty to Tax Evasion and FBAR Crimes

According to a Department of Justice press release, a Florida businessman recently plead guilty to counts of willful failure to file an FBAR and tax evasion. […]
June 20, 2017
How Do I Report Bitcoin Transactions on my Taxes? 1040? Schedule D? Form 8949?

IRS Investigations of Virtual Currency May Ramp Up After Congressional Testimony

Last week, the House of Representative’s Financial Services Committee heard testimony from a panel regarding the potential dangers of cryptocurrency. The expert panel discussed how cryptocurrency […]
April 26, 2017
IRS Focus on Employment Tax Fraud Can Mean Jail Time for Non-Complaint Business Owners, Responsible Parties, and Payroll Processing Companies

IRS Focus on Employment Tax Fraud Can Mean Jail Time for Non-Complaint Business Owners, Responsible Parties, and Payroll Processing Companies

In recent years, funding decisions by Congress have required the IRS to do more with reduced resources. One of the ways the IRS has adjusted to […]