High-income and high-net-worth taxpayers who do not receive regular income with tax withholdings must file quarterly estimated tax returns with the Internal Revenue Service (IRS). Failure to file estimated tax returns when required can not only trigger steep penalties, but it can also trigger scrutiny in the form of an […]
Author: Lawrence Brown
While the Internal Revenue Service (IRS) has several tools that it can use to enforce taxpayer compliance, one of its most effective tools is its power to seize, or levy, taxpayers’ assets. For high-income and high-net-worth taxpayers who are behind (or allegedly behind) on their federal tax obligations, facing an […]
While IRS Criminal Investigation (IRS CI) investigates U.S. taxpayers suspected of committing tax crimes, it conducts investigations targeting a wide range of other suspected federal offenses as well. For taxpayers facing scrutiny from the IRS CI, it is crucial to ensure they have a clear and comprehensive understanding of the […]
IRS Criminal Investigation (IRS CI) doesn’t just target taxpayers for tax crimes. It also conducts investigations focused on uncovering the evidence needed to prosecute financial crimes and a wide range of other federal criminal offenses as well. These include the offenses of structuring and money laundering. Both of these offenses […]
Now that Tax Day has come and gone, tax preparers can finally breathe a sigh of relief. The busy season is over, and it is time for some much-deserved rest and relaxation. But if you receive a notice or letter from the IRS, your rest and relaxation can be over […]
The Internal Revenue Service (IRS) recently released the 2025 edition of its “Dirty Dozen” list. This is an annual publication where the IRS provides “a warning for taxpayers, businesses and tax professionals to watch out for common schemes that threaten their tax and financial information.” As Texas tax fraud lawyer […]
While it remains to be seen what will happen to the Internal Revenue Service’s (IRS) enforcement resources in the coming months and years, at present, the IRS is continuing to actively target taxpayers and tax preparers for all forms of fraud. This includes fraud under pandemic-era programs. As Texas tax […]
What should you do if you discover that you made mistakes on last year’s federal returns when doing your taxes in 2025? Or, what if you already knew that you made mistakes, and you want to address them so that you are not at risk in the event of an […]
With Tax Day just around the corner, now is a time of year when many people, particularly high-income and high-net-worth taxpayers, begin to have concerns about the possibility of facing an IRS audit. Even if you do your best to meet your federal tax obligations—and even if you rely on […]
For high-income taxpayers who are facing collection by the Internal Revenue Service (IRS), failing to take decisive action can have significant financial consequences. Reversing and recovering from IRS collection actions can be far more difficult (and costly) than preventing them in the first place, and facing IRS collection presents additional […]