September 8, 2019Combs v. Commissioner Case Taxpayers who operate small closely held businesses using a corporate entity need to be mindful that…
September 3, 2019Assessment of the “willful” FBAR penalty Courts have sustained FBAR penalties by reference to case law which is inconsistent with…
September 3, 2019Disclosing Offshore Bank Accounts Taxpayers who are considering coming out of the shadows to disclose their offshore accounts need to…
August 31, 2019Case Background On August 27, 2019 the Department of Justice (DOJ) announced a superseding indictment of a Florida business man…
April 11, 2019Fraudulent IRS tax refunds Each year thousands of individuals flock to tax return preparation centers in anticipation of receiving a…
April 5, 2019Reporting personal expenses as businesses expenses on a tax return The justification for purchasing that $75,000 Mercedes, Rolex watch or…
March 29, 2019Promises Too Good To Be True In 1931, the famous jurist, Benjamin Nathan Cardozo, in discussing fraud stated that: “Fraud…
March 16, 2019New rules in Tax Cuts and Jobs Act With the enactment of the Tax Cuts and Jobs Act (“TCJA”), divorce attorneys…
March 16, 2019Electronic Filing For Businesses In an effort to promote compliance, on February 19, 2019 the IRS urged businesses that are…
March 5, 2019Large Tax Refunds: Are they too good to be true? The IRS has long cautioned taxpayers against using disreputable tax…
