Payroll taxes are not the only taxes that businesses must concern themselves with. There are numerous other tax issues that affect businesses, from estimated tax payments to the need to keep good records in case of tax audits. These are basic issues that affect businesses in Texas and across the […]
Author: Lawrence Brown
When the IRS puts out a carrot, it doesn’t necessarily leave it out indefinitely. For example, the agency has rolled out more than one program in recent years regarding the disclosure of previously unreported offshore accounts. But in order to encourage participation, these programs typically come with an ending date. […]
One small step for a few island territories could mark a giant leap forward in corporate tax accountability. For years, certain islands represented more than fun in the sun for vacationers: for companies in the know, they were synonymous with tax shelters. Now, on the wave of a global crackdown […]
Back on June 5th, we posted an article discussing how many of the largest companies in the world were coming under scrutiny in Europe for allegedly not paying their fair share of taxes. One of those companies, Starbucks, began making payments today. The interesting thing is that it does not […]
ormer Prime Minister Silvio Berlusconi cannot seem to get out of the news. Part of it might have to do with the fact that he owns a controlling share in Italy’s Mediaset, the largest media company in the country. The rest might have to do with the alleged tax fraud […]
In a meeting of the eight wealthiest countries in the world, the Group Eight (G8) discussions on how to deal with international tax evasion was so successful that the UK’s Chancellor of the Exchequer and Second Lord of the Treasury (highly historical and fancy terms for treasurer) George Osborne stated […]
The IRS handles millions of tax returns that have nothing to do criminal tax charges. How does the agency decide, then, which cases to refer for criminal tax fraud prosecution? The answer affects many taxpayers in Texas and across the nation. After all, a criminal investigation raises the ante immeasurably […]
Not exactly, but under certain circumstances you might! Online role playing games, made famous by games such as World of Warcraft (WoW), are a great example of the growing trend of virtual economies and virtual currencies. The relationship between the virtual economies and the actual economy and what is taxable […]
World famous designers Domenico Dolce and Stefano Gabbana of Dolce & Gabbana fame have been convicted of evading taxes on over 1 billion euros ($1.3 billion) in royalties. The criminal act involved selling off some of their main brands to a Luxembourg holding company allegedly to evade paying taxes. The […]
In light of recent United States Tax Court decisions and subsequent affirmation by the Ninth Circuit Court of Appeals, the IRS has issued a notice to Chief Counsel Attorneys informing them of how to proceed with innocent spouse cases and the standards of review to expect from the Tax Court. […]