A tax-exempt organization is one that does not have tax obligations. The government provides this incentive to encourage businesses to help better their communities. As a result, organizations that provide a valuable service to the community may qualify for tax...
Am I at risk for a tax audit?
Tax audits are investigations that check to see if you paid your taxes. These investigations will dig into what income and assets you reported, deductions taken and whether or not you were honest with the government. If the investigation results in evidence of a...
FinCEN botches FBAR deadline, offers compromise
The United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently reported an extension to the Report of Foreign Bank and Financial Accounts (FBAR) deadline. The agency, which oversees this form, notes the extension is the result of...
Court puts limits on prosecutorial discretion for criminal tax charges
In 2018 the Supreme Court of the United States (SCOTUS) has essentially narrowed the ability of prosecutors to pursue criminal tax charges. The change was part of a recent holding, Marinello v. United States, where SCOTUS stated that obstruction charges for these...
NY man sentenced to 18 months imprisonment for tax evasion
A local court recently sentenced a businessman with a thriving law practice in New York to over one-year imprisonment for tax evasion. The government accused the businessman, who specialized in bankruptcy and criminal defense matters, of tax evasion in both his...
