The Internal Revenue Service (IRS) keeps a close watch over tax preparers. IRS-Criminal Investigation agents are on watching for professionals who fraudulently inflate deductions or attempt to take unallowable credits. IRS agents work to gather evidence to build a case against those who are accused of committing fraud within this profession. A […]
Author: Lawrence Brown
The Texas Comptroller’s Criminal Investigation Division (CID) recently arrested a Texas man in Florida. The man faced accusations of motor fuel tax fraud, tampering with physical evidence and credit card abuse. The accused was convicted for these crimes and faces a sentence of 10 years of prison time for tax […]
It might come as a surprise, but the Texas Comptroller maintains audit offices in several other states. Remote locations are in Los Angeles, New York City and Tulsa. Why are the auditors on the move? This is all part of an effort to collect unreported sales and use tax revenue […]
Let’s face it: When the mail at your Dallas County home includes a letter from the IRS, it usually means you’re under investigation. There is no need to panic, however. The federal tax collector acknowledges that you have rights as a U.S. taxpayer. Perhaps chief among those rights: you have the […]
Tax preparation firms will likely see a spike in demand for tax services as the year closes out. Both houses approved the tax bill and sent it to President Donald Trump’s desk. Upon receipt, the president fulfilled his promise. He signed the bill into law prior to heading out for […]
Keeping up to date with the proposed changes and the debates regarding tax reform occurring within the Senate and House is a daunting, potentially impossible task. A number of changes are under discussion, but two big ones that specifically impact business owners are the corporate tax rate and pass-through taxes. […]
SCOTUS recently heard oral arguments on a case involving a New York businessman convicted of several counts of tax evasion for failing to pay personal or company taxes for a number of years. The government presented evidence that Carlo Marinello II purposely destroyed business records (including bank statements, receipts, employee […]
Cleaning out paperwork is an important part of keeping records. It is unrealistic to keep all records, but when is it okay to start purging important documents? The Supreme Court of the United States (SCOTUS) will provide some clarification in an upcoming case. Details of the case: shredding records and […]
Here at Brown, PC, we advise wealthy taxpayers and their fiduciaries, including business owners, heirs and beneficiaries, farmers and ranchers, and professionals in the Dallas-Fort Worth area, across Texas and nationally about estate tax matters, which are usually highly complex and sometimes controversial. We represent taxpayers against the IRS in estate […]
The soaring price of bitcoin has crossed the $10,000 mark. Fail to claim gains on a tax return and it could prove costly as the IRS continues an investigation into virtual currency reporting. For about a year, the IRS has been seeking user information from Coinbase, one of the largest […]