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 […]
Category: Blog
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 […]
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 […]
Some Texans with financial concerns go to bed at night worrying about things like student tuition and credit card debt. Others, though, more likely have bad dreams about what a recent Forbes article calls “the fear of 2704 regs looming.” Concededly, many people have no concern with that number or […]
The IRS is not the only one to conduct audits. The Treasury Inspector General for Tax Administration (TIGTA) provides IRS oversight and occasionally audits how IRS procedures are working. Recently, it suggested improvements to address erroneous Earned Income Tax claims and persistently noncompliant return preparers. We have been following the topic […]
The employer is generally liable for the unpaid employment taxes. As the use of professional employer organizations increases, a recent case provides a warning. How does federal law define employer? This was at the crux of a case from earlier this year. Under the Internal Revenue Code, an employer has […]
Disasters – including massive storms (like the hurricanes that recently struck the Southeast and Puerto Rico), fires, earthquakes, mudslides and floods – can result in the complete loss of a person’s belongings. In a catastrophic event, everything can be gone in an instant, including: Furniture Housewares Clothing Mementos/photos/heirlooms Electronics Financial […]
Earlier this week, the South Dakota Supreme Court issued a decision that is likely to end up before the U.S. Supreme Court. The issue before the high court would be whether a state can impose a sales or use tax on purchases by state residents from out-of-state merchants with no physical presence […]