Recent Articles
Court Upholds $4.2M Tax Fraud Penalty: What It Means for Tax Liens and Appeals
Uncovering the Lessons Behind a $12 Million Offshore Tax Evasion Scheme Imagine inheriting millions of dollars and thinking you’ve secured your future. Now imagine it all coming crashing down due to hidden bank accounts, unpaid taxes, and the IRS’s relentless...
Supreme Court Declines to Resolve Tax Debt Discharge Disputes
What Happens When Courts Disagree on Late Tax Returns and Bankruptcy? The Supreme Court recently declined to hear a case involving a taxpayer who filed for Chapter 7 bankruptcy, seeking to erase old tax debts. This decision means ongoing confusion...
DC Circuit Upholds IRS Authority to Assess Sec. 6038(b) Penalties
Court ruling strengthens IRS ability to assess penalties for noncompliance with foreign business disclosure requirements under Section 6038. The DC Circuit Court ruled that the IRS has statutory authority to assess penalties for failing to report control of foreign businesses...
Court Fines Georgia Teacher $25,000 for Making Frivolous Tax Claims
A high school teacher faces major penalties after failing to report income and making unfounded claims about his tax obligations. In a recent case, a Georgia high school teacher faced a $25,000 penalty for making frivolous tax arguments in a...
IRS Denies Tax-Exempt Status to Ayahuasca Church
A religious organization faces hurdles in obtaining tax exemption due to its use of a controlled substance, Ayahuasca. The Ayahuasca Church of Healing, an Iowa-based religious group, has been at the center of a five-year legal battle after the IRS...
Modern IRS Regulations Revamp Seized Property Sales
The IRS embraces technology to improve auction efficiency and maximize proceeds from seized taxpayer property. IRS Updates Rules for Selling Seized Property On November 4, 2024, the IRS issued updated regulations for selling taxpayer property seized by levy. These changes...