If a tax dispute with the IRS reaches the point that you or the agency must file suit to resolve it, the litigation could end up in one of several different courts. In fact, there are four different federal courts that potentially could have jurisdiction over your tax case. Though the balance of power between […]

Having to deal with the Internal Revenue Service on your own is probably something that you really don’t relish. When you are dealing with the IRS because of a criminal investigation, the horror of dealing with the government tax agency alone is amplified. It is at that point that keeping your interests secured and knowing […]

The government pursues tax revenues with the relentlessness of a pack of bloodhounds. Even an honest tax mistake can come back to haunt you years later in an audit, and the IRS can follow up on a willful omission or failure for even longer. But for just how long do you have to worry about […]

The IRS has recently been cracking down on corporate entities that try to dodge taxes by moving assets offshore. But a new IRS ruling opened the door to a different kind of tax savings vehicle that some corporations may find to be a better alternative. A real estate investment trust, known as an REIT for […]

There is no doubt that tax evasion can be severely punished. If you are lucky, a tax evasion conviction will result in only fines and penalties. If you are unlikely, it could mean time behind bars. In a recent tax evasion case involving two brothers, the Securities and Exchange Commission is trying to send a […]

These days, it is increasingly rare to find a business partnership that consists of two doctors, lawyers or financial professionals setting up shop together. The Government Accountability Office defines a large partnership as having at least $100 million in assets and at least 100 direct and indirect partners. Over the last few years, the number […]

It seems that just about anyone can get into tax trouble, including religious leaders. Late this July, a prominent Rabbi involved in a number of charitable organizations was convicted on charges of tax evasion. As it turns out, many of the charitable endeavors operated by the Rabbi were actually ghost entities. In a guilty plea, […]

Starting on July 1 a new policy went into effect for organizations seeking tax-exempt status as a charity. Previously, groups pursuing this designation had to complete a detailed 26-page form, provide reams of supporting documentation and describe their intended activities in narrative form. To obtain tax-exempt status as a nonprofit now, many groups will simply […]

In recent years, the IRS has been forced to operate with a significantly lower budget. Since 2010, IRS funding has been cut by nearly $1 billion. And, after a recent meeting of the House Appropriations Committee, everyone’s favorite tax collection agency could be on the chopping block once again. On June 25, a bill was […]

Whether you know it or not (and you probably don’t), you have a variety of rights when it comes to paying your taxes and contesting any IRS assertion that you didn’t pay your taxes. But there are few things more unwieldy than the U.S. tax code, and rights afforded to you by law in the […]