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 […]
Author: Lawrence Brown
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 […]
If you are facing substantial tax debt in 2025, you will want to take a proactive approach to dealing with the Internal Revenue Service (IRS). The IRS has various options for enforcing taxpayers’ financial obligations, and tax liens, levies, and other collection mechanisms can present significant challenges and hardships. In […]
Internal Revenue Service (IRS) audits can present substantial risks, especially for high-income and high-net-worth taxpayers. Not only can revenue agents impose liability for back taxes, interest, and penalties, but if they uncover apparent evidence of an intentional unlawful tax avoidance scheme, they can engage Special Agents from IRS Criminal Investigation […]
Under federal law, U.S. taxpayers who hold qualifying offshore accounts (and certain other foreign financial assets) must report these assets to the U.S. Treasury on an annual basis. In many cases, taxpayers must file two separate forms—with two separate federal entities—to meet their reporting obligations. One of these forms, the […]
Each year, we publish dozens of articles with insights for high-income and high-wealth U.S. taxpayers on our blog. This past year was no exception. Here is a look back at some of the key compliance insights Texas IRS dispute lawyer Lawrence Brown shared in 2024: Resolving Offshore Account Disclosure Violations […]