Tax Audit

Tax Audit

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

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

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 §…

FBAR

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…

If you have been contacted by the IRS concerning your business expenses and the losses reflected on your Federal income tax returns, you should contact a competent tax attorney

Case Where Texas Ranchers Were Victorious in IRS Appeal

Dallas Appeals Officer Reverses IRS DecisionAllows Business Expenses and Ranching Losses for 2011 & 2012…

FBAR statute of limitations can incur FBAR penalties by the IRS, here is a prior experience with a New Jersey couple

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.…

An athlete running, thinking about the reporting of taxes to the irs

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 | audit on the Trust Fund Recover Penalty (TFRP)

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…

Folder tabs with focus on offshore account tab. Business concept image for illustration of tax evasion.

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…