Recent Articles
California CEO Pleads Guilty to $1.15 Million Employment Tax Fraud
Vivid Inc. CEO Admits to Failing to Pay Employment Taxes John Comeau, CEO of Vivid Inc., has pleaded guilty to employment tax crimes, resulting in a $1.15 million loss to the IRS, highlighting the severe consequences of non-compliance with federal...
Can You Appeal a U.S. Tax Court Decision?
Understanding the Possibility of Appealing Tax Court Rulings While many taxpayers view Tax Court as the final step in resolving IRS disputes, it’s important to know that some decisions can be appealed. However, success hinges on understanding the process and...
Michigan Businessman Convicted of Employment Tax Crimes and Willful Failure to File Tax Returns
Dale Thrush Faces Over 15 Years in Prison for Payroll and Filing Violations Dale Thrush, a Michigan businessman, has been convicted of multiple employment tax crimes and willful failure to file personal tax returns, highlighting the serious legal risks for...
New Jersey Accounting Professor Sentenced to Prison for $1.25M Tax Evasion Scheme
Drexel University Professor and Pharmacy Owner Faces Two Years for Tax Fraud Gordian A. Ndubizu, an accounting professor and pharmacy co-owner, has been sentenced to two years in federal prison for tax evasion and filing false tax returns, highlighting the...
Should You Report Cryptocurrency on FATCA Form 8938?
Navigating IRS Rules for Foreign-Held Crypto Many investors hold cryptocurrency in foreign exchanges or offshore accounts, raising questions about tax reporting obligations, particularly regarding FATCA Form 8938. Understanding these rules is crucial to avoid costly penalties. Key Focus: Compliance and...
New IRS Guidance on Cryptocurrency
Navigating Evolving Tax Rules for Digital Assets: What Taxpayers Must Know The IRS has introduced new guidance regarding cryptocurrency taxation, including Revenue Procedure 2024-28 and Notice 2025-7. These changes aim to clarify reporting obligations and enhance tracking requirements for digital...