"I can resist everything except temptation," quipped the flamboyant Victorian poet Oscar Wilde.
One by one, the giants of Swiss banking have fallen. They have been forced to submit to the long-running American enforcement crackdown on offshore accounts.
Tax avoidance is a perfectly honorable American tradition. You have every right as a taxpayer to take advantage of deductions, credits and other preferences to minimize or avoid taxes – as long as you stay within the law.
Let’s continue our discussion of the disparity between the cumulative amount of tax that the IRS says taxpayers owe as a whole and the amount that the agency collects in practice.
“Tax gap” is kind of a wonky term. But it reflects a tax compliance and enforcement context that has definite implications for taxpayers.
In the first part of this post, we began discussing a powerful hammer in the IRS’s enforcement toolkit for payroll taxes.
U.S. tax authorities began a stepped-up enforcement campaign on offshore account reporting requirements in 2008. It hasn't really let up since.
In a recent post, we discussed whether accounting errors might lead to criminal tax charges. Today, we take a closer look at the specific crime of tax evasion.
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.
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.