A year ago, the soccer star Lionel Messi was on the coveted cover of Sports Illustrated (SI). SI touted the success of his professional team and an upcoming match called the Copa America. What a difference a year makes. This week’s news about Messi is that an appeals court has […]
Congress has been on the hunt for undisclosed offshore accounts for several years now. The latest news comes in a report from the U.S. Government Accountability Office titled “IRS’s Offshore Voluntary Disclosure Program: 2009 Participation by State and Location of Foreign Bank Accounts.” While it is not against the law […]
Each year the criminal investigations unit of the IRS (IRS-CI) puts out its annual report. Agents in this division are in charge of investigation tax crimes and recommending prosecutions. As IRS funding continues to fall short, the number of agents has steadily declined. What has this meant for abusive preparer […]
The Trust Fund Recovery Penalty (TFRP) is a powerful IRS tool for going after certain individuals who are considered personally responsible for a business’s unpaid employment taxes. We discussed it in considerable detail in an article on which parties can be held responsible. In today’s post, let’s consider a Texas […]
Trust is necessary for a successful marriage. In our tax practice, we see how misplaced reliance on a spouse’s integrity may not only break a heart, but also bring an undeserved tax bill. Innocent spouse relief The IRS has a legal mechanism that may help a blameless spouse in this […]
On behalf of Lawrence Brown The program may be advantageous for certain taxpayers who may not be in compliance with offshore account reporting requirements. The IRS has offered some form of the Offshore Voluntary Disclosure Program since 2009 as a potential way for noncompliant taxpayers to resolve civil liability and […]
Follow Link to Lawrence Brown Tax Controversies & Tax Litigation Video GRAPHIC: www.browntax.com Brown, PC 817-870-0025 888-870-0025 512 Main Street Suite 400 Fort Worth, TX 76102-3907 LAWRENCE BROWN: At Brown, PC, we handle IRS audits and appeals, IRS problem resolution and trial of tax cases in U.S. tax court, U.S. […]
GRAPHIC: www.browntax.com Brown, PC 817-870-0025 888-870-0025 512 Main Street Suite 400 Fort Worth, TX 76102-3907 LAWRENCE BROWN: Many of my clients are founders and owners of privately held companies. And I sit where they sit. I’ve owned part of a technology company that experienced a liquidity event. With a number […]
With Tax Day 2017 now in the rearview mirror, those who filed their returns at the eleventh hour are more than likely anxiously awaiting their federal income tax refund, perhaps regularly checking their mailboxes or online accounts. While there’s no denying that it can take time for the Internal Revenue […]
Preparing tax forms is a tricky business. Those who pursue this profession are able to help better ensure that their clients make the most of their returns while also balancing obligations to the Internal Revenue Service (IRS). This balance is a slippery one, and a single misstep can result in […]