Tax Compliance
Personal Expenses paid by a Corporation are Constructive Dividends
Combs v. Commissioner Case Taxpayers who operate small closely held businesses using a corporate entity…
Remember the Large IRS Tax Refunds? You May Have To Pay Them Back.
Fraudulent IRS tax refunds Each year thousands of individuals flock to tax return preparation centers…
Paying personal expenses out of a closely held business: civil and criminal tax implications
Reporting personal expenses as businesses expenses on a tax return The justification for purchasing that…
Fraudulent Tax Resolution Companies
Promises Too Good To Be True In 1931, the famous jurist, Benjamin Nathan Cardozo, in…
IRS Urges Businesses To E-File Cash Transaction Reports
Electronic Filing For Businesses In an effort to promote compliance, on February 19, 2019 the…
IRS warns against using Ghost Tax preparers
Large Tax Refunds: Are they too good to be true? The IRS has long cautioned…
Trust Fund Recovery Penalty
The Trust Fund Recovery Penalty: Are You At Risk? Introduction The assessment of the §…
Streamline Disclosures- The Art of the Non-Willful Certification.
Offshore disclosure to IRS. The key to making an offshore disclosure to the IRS using…
Unfiled Income Tax Returns “Come Into The Light”.
Serial Tax Return Non-filers. Every year, thousands of individuals fail to file their Federal and…
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…
Immigration and Lying on your Tax Return: The Quickest way to deportation.
Lying on tax return as an immigrant. The IRS has identified a rise in the…
Case Where Texas Ranchers Were Victorious in IRS Appeal
Dallas Appeals Officer Reverses IRS DecisionAllows Business Expenses and Ranching Losses for 2011 & 2012…