IRS

Whether you own a small business, are reporting individual income taxes, or have recently received an inheritance, chances are that you will have to file a return with the Internal Revenue Service. Each of those contexts, unfortunately, presents the opportunity for a potential IRS dispute. In a recent example, the estate of the late owner […]

One of the most discouraging aspects about a tax dispute is the late fees and penalties that may attach. Although a taxpayer may have a good-faith belief in his or her defense, the consequences, if proven wrong, can be costly. In other scenarios, a taxpayer may not have realized that he or she was delinquent, […]

Businesses and individuals have long pursued strategies to protect their assets from heavy tax burdens. The Internal Revenue Service, however, is constantly searching for strategies that may be skirt the line of what is legal. If the IRS comes after a strategy that you use, it may be wise to work with a tax attorney […]

Responding to questions from the Internal Revenue Service can be intimidating. Even a minor federal income tax controversy or alleged tax underpayment may raise fears of tax penalties, an IRS tax audit or even criminal tax fraud charges. Although such fears may be extreme, our law office recommends that an individual contact a tax law […]

Cyber-thieves based in Russia and other countries recently hacked into an IRS website, stealing U.S. taxpayer information and using that information to file more than 10,000 false tax returns. In return, the hackers walked away with tens of millions of dollars in tax refunds. Since then, the IRS has been working with federal agencies, state […]

If you or your organization has failed to report, under-reported or failed to pay appropriate Maryland taxes in the past decade or so, you need to be aware of the state’s upcoming tax amnesty period. To get tax amnesty, you need to act now. The amnesty only lasts from Sept. 1 to Oct. 30, and […]

Today was the extended filing deadline for U.S. citizens who lived abroad on the regular tax due date for 2014 returns. You still have until the end of June to file your FBARs, FATCA reports and Statements of Special Foreign Financial Assets, as appropriate, however, which brings us back to those controversial foreign income reports. […]

Whenever financial information is sent over the Internet, you can rely on hackers and identity thieves to try to take advantage of the situation. And, as we’ve discussed before on this blog, that means both federal and state tax returns have been tempting targets for fraud and identity theft. Being the victim of identity theft […]

According to a quarterly securities filing, the IRS has been auditing 11 years of Microsoft’s tax filings. This includes an ongoing audit of tax years 2007 through 2014 and a reopened audit of tax years 2004 through 2006, with the main issue being transfer pricing. Transfer pricing refers to certain transactions between subsidiaries and related […]

If you watch the news, you’ve probably heard that Americans have lost a great deal of trust in the federal government recently. A2013 survey by the Pew Research Centerfound that level of trust was nearing an all-time low. Fully 30 percent of the public reported being angry at the federal government, and an additional 55 […]