In a return preparer criminal investigation, preparers face possible prosecution if criminal activity is suspected. Those who manage to avoid criminal charges may still face civil examination with extensive civil penalties. At Brown, PC, in Dallas-Fort Worth, we can help you limit the serious civil penalties that could cripple your […]
As a paid tax preparer, you know the Internal Revenue Service has put your profession under increasing scrutiny in recent years. In theory, the goal is a good one: to encourage compliance with tax law, using both civil and criminal penalties as necessary. The problem in practice is that the […]
One of the areas of focus of the IRS’s employment tax audit initiative is the issue of worker classification. The IRS has the ability to reclassify workers and hold employers accountable retroactively for past withholding taxes that would have been collected under the new classification. Employers have every right to […]
An area of focus of the Internal Revenue Service’s (IRS) employment tax compliance studies initiated early in 2010 is the area of officer compensation. This area of focus is one of five such topics, also including the following: Worker misclassification Fringe benefits Employee expense reimbursement Non-filers The IRS’s intent is […]
When active duty and reserve personnel are added together, Texas has more than 173,000 military personnel. This is the second most of any state, behind only California. There are of course also many veterans in Texas. If you are a service member or former service member, or are from a […]
Since October of 2009, the IRS has been focusing many resources on what the agency calls the “global high wealth industry group.” The IRS has created a section by the same name within its agency consisting of analysts and agents devoted to close scrutiny of the very wealthy through this […]
As part of its increased focus on bringing to light areas of under-taxation dating to late 2009, the Internal Revenue Service (IRS) pledged to closely review tax returns of 6,000 businesses. This close examination of business tax filings has been undertaken with the intention of studying areas of compliance and […]
The monetary penalty for failure to file an income tax return is a maximum of 25 percent of the unpaid taxes. Criminal prosecution is also possible, however, if tax authorities believe the failure to file was a willful attempt to evade taxes or commit tax fraud. In this post, we […]
A New Year’s resolution can be a way to finally focus on and tackle a problem that has been nagging at you. If you are a U.S. citizen or resident with financial interests in offshore bank accounts or other overseas assets, make 2017 the year you talk to an attorney […]
As part of its National Research Program begun in 2010, the Internal Revenue Service (IRS) has examined tax returns of thousands of small, medium-sized and large businesses looking for areas of under-compliance and under-taxation. These special audits focused on several areas of concern including the following: Worker misclassification Fringe benefits […]