Taxation of online transactions is notoriously difficult. What does it take for a state to claim enough interaction to require a tax obligation? This question has led to many legal battles, the most recent of which made it to the highest court in the country. The...
Serving Individual And Corporate Tax Clients Nationwide From Our New York, New Jersey, Florida And California Offices
Since 1983, our tax firm has skillfully represented individuals and corporations across the United States and around the globe from our offices in New York, New Jersey, California and Florida.
Criminal Tax Issues
IRS to collaborate with state authorities to address tax evasion
The Internal Revenue Service (IRS) continues its efforts to crackdown on tax evasion. The latest focus involves increased communication with state agencies. Is this new? No. The IRS already collaborates with state and local agencies to help better ensure taxpayers are...
Celebrities can be charged with tax crimes too
There have been many stories recently about how the Internal Revenue Service is losing resources to conduct audits and prosecute tax crimes. While it is true that the IRS may be running lean today, they still have the ability to enforce tax laws. With their resources...
Beware: IRS a fierce adversary for those who fail to file taxes
A failure to file tax returns with the Internal Revenue Service (IRS) does not always lead to criminal charges, but when it does the IRS is a fierce adversary. The agency can interrupt or even shut down a business to conduct an investigation. The IRS can take...
Don’t lie on your tax returns
According to the Statistic Brain Research Institute, 1.6 million people cheat on their tax returns every year, resulting in $270 billion in lost revenue to the IRS. While you are allowed to use tax planning strategies to reduce your tax burden, outright dishonesty...
Is there a difference between tax avoidance and evasion?
Significant social conversation centers on the notion that business owners are obligated to pay their fair share in taxes. As a business owner, you do your diligence in complying by hiring tax professionals who have more specialized knowledge of the state and federal...
What Are the Trends in the IRS Criminal Investigation Report?
IRS Criminal Investigation (IRS-CI) recently released its annual report. This report contains substantial information regarding the types of cases it investigates and the number of cases it recommends for prosecution. Anyone reviewing this report will have a greater...
Are YOU A Money Launderer? You might be! Check back at 11 to see how! (P.S. You probably are)
Dark Wings Dark Words. If you are in the financial industry you might have GOT a Raven recently from your banking overlords, or more likely an envelope. Whatever, those of you who watch Game of Thrones will understand that reference, but I digress. Banking...
LIAR LIAR TAXPAYER’S PANTS (OR SKIRT) ON FIRE
I did not want to write a blog for Tax Season. I really didn't. The internet is awash with advice and gizmos and multi-disciplinary insights. My pertinent opinions would be at best duplicated somewhere else. I was inspired however by a conversation I had at dinner...
TOP 12 “DIRTY” WAYS TO GET A DATE WITH THE IRS
Wow that headline sounds wrong! However it IS accurate. Many taxpayers have been clamoring to hear about the IRS' "Dirty Dozen" Tax scams for 2015. So here is a rundown for all those wishing and hoping for a little one on one time with the Internal Revenue Service....