Estimates for damage caused by Hurricane Harvey are already close to $200 billion. These estimates are more than just numbers; they represent people’s homes and livelihood. A recent report by USA Today notes that individuals are scrambling to figure out where to live, what pieces of property are salvageable and whether or […]
A collective of American expats living abroad filed suit back in 2015 to challenge imposition of the Foreign Account Tax Compliance Act (FATCA) as it applies to their international financial accounts. The group, with the self-imposed name of “Republicans Overseas,” engaged in a silent protest against FATCA prior to filing […]
Texas IRS Tax Attorney Serving Clients Nationwide A criminal tax prosecution begins only after a lengthy thorough investigation by the IRS into the taxpayer’s allegedly illegal conduct. At Brown, PC, we believe that the key to preserving your freedom and reputation is to involve us as soon as you are notified […]
Dallas IRS Defense Lawyer The IRS is aggressive in rooting out tax fraud through criminal enforcement of certain provisions of the Internal Revenue Code (IRC). If the IRS initiates an investigation, sees it through to the end and decides to prosecute, the potential penalties for the target are extremely serious. […]
Most married couples file their taxes jointly. In part, this is a matter of convenience. But filing together also generally means a couple pays less in combined taxes than they would using married filing separate (MFS) status. Filing jointly can be problematic, however, when one spouse has run up big […]
Here at Brown, PC, we regularly represent tax preparers facing IRS civil audits or criminal investigations for their tax return preparation work. The IRS actively reviews returns filed by preparers in an effort to uncover noncompliance with preparer due-diligence requirements or behavior that may amount to criminal violation of federal tax laws. […]
Accusations of tax evasion are very serious. Not only do they come with the social stigma associated with the word “evasion,” wherein others may think you were attempting to game the system to get out of paying your fair share, but they also could result in serious criminal penalties like: […]
The federal government and its agencies still have corporations and their executives, especially Chief Financial Officers (CFOs), in their sights. In particular, the IRS continues to develop rules that they hope will lead to better corporate compliance with tax laws or to uncovering aggressive tax schemes that corporations use to […]
10 million taxpayers recently received an unexpected penalty by the IRS. The problem? These taxpayers underpaid their estimated taxes. When does a tax penalty apply? Essentially, a penalty may apply if a taxpayer does not pay 90 percent of his or her tax obligations throughout the year. The penalty applies to […]
Early proposed ideas to cut personal tax rates and simplify the income tax filing process have already garnered vocal resistance from several key interest groups. Supporters of the proposal to double the standard deduction – a move that is expected to make tax easier by limiting the number of individual […]