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Business owners: 3 fringe benefit tax changes for 2018

The Tax Cuts and Jobs Act (TCJA) passed at the end of 2017 resulted in significant tax reform that will begin with the 2018 tax year. These changes will impact most small businesses in many different ways. One impact: fringe benefits. The Internal Revenue Service (IRS) recently outlined three specific changes […]


Paying taxes October 15th? Two considerations to keep in mind.

Taxpayers that requested a six-month extension to their filing deadline are fast approaching Tax Day. Those who applied and were granted the extension are expected to file with the Internal Revenue Service (IRS) by October 15. Who applies for an extension on tax returns? This group often includes those who have […]


Swiss bank to settle tax evasion allegations with DOJ

The United States Department of Justice (DOJ) has joined in the fight against tax evasion. A recent case involving a Swiss bank provides an example of the government’s interagency efforts to hold those who evade tax obligations accountable for their wrongdoing. The agency has reached a settlement with the Swiss […]

Tax Evasion

IRS closes OVDP, but streamlined procedures continue

Over the last decade, offshore account compliance has been at the top of the IRS priority list. The first of the Offshore Voluntary Disclosure Programs began in 2009. The strong interest led the IRS to create several iterations over the years. As of late 2016, the IRS reported that 55,800 taxpayers had […]

Tax Evasion

Manafort trial offers explanation of “reasonable doubt”

The government has accused Paul Manafort, former campaign chairman for President Donald Trump, of various tax crimes. The accusations include 18 counts of tax evasion, bank fraud and failure to report foreign assets. The case has garnered media attention due to its connection to Robert Mueller’s investigation of allegations of […]

Tax Crimes