Tax Audit
What Will Trigger an IRS Audit? Your Guide to IRS Audit Triggers
Latest Facts & News Hook Getting audited by the IRS can come as a surprise,…
EMPLOYMENT TAX AUDITS ON THE RISE SECTION 6672 PENALTY AND CRIMINAL PROSECUTION
By: Anthony N. Verni, Attorney at Law, CPA August 13, 2024 ®2024 EMPLOYMENT TAX AUDITS…
LARGE TAX REFUNDS AND THE GHOST PREPARER
LARGE TAX REFUNDS AND THE GHOST PREPARER
Earlier this year a Charlotte man was charged with tax fraud in a 20 count…
AUDIT RISK TO INCREASE FOR LOW TO MIDDLE INCOME TAXPAYERS UNDER THE INFLATION REDUCTION ACT
AUDIT RISK TO INCREASE FOR LOW TO MIDDLE INCOME TAXPAYERS UNDER THE INFLATION REDUCTION ACT
The IRS estimates that individual taxpayers underreported their income tax on average by $245 billion…
Trust Fund Recovery Penalty; Consequences of Fraudulent Conveyances
Fraudulent Conveyances in Employment Taxes Employers who willfully fail to remit an employee’s withholding to…
Trust Fund Recovery Penalty
The Trust Fund Recovery Penalty: Are You At Risk? Introduction The assessment of the §…
The Non-willful FBAR Penalty and the Slow Death of Reasonable Cause.
Non Willful FBAR Penalty Ruling. A December 2017 decision of the Court of Federal Claims…
Case Where Texas Ranchers Were Victorious in IRS Appeal
Dallas Appeals Officer Reverses IRS DecisionAllows Business Expenses and Ranching Losses for 2011 & 2012…
New Jersey Couple Avoids FBAR Penalty and Instead Receives Warning Letter
The following is an actual FBAR case handled by the Law Office of Anthony N.…
Taxation of Professional Athletes & Entertainers – Are You At Risk?
The Risks of Professional Athlete and Entertainer Taxation Global sports and entertainment have created many…
Tax Controversy: What to Do When You Get An Audit Letter
The phrase “tax controversy” is used in the legal profession to define tax disputes that…
FBAR Failure Leads Connecticut Executive to Plead Guilty to $8.4 Million Tax Evasion
Prosecutors announced Jan. 20 that a Connecticut business executive has pleaded guilty to willfully failing…